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economy

03/06/2020 / By JD Heyes

Billionaire investor Ray Dalio warns of “worst-case scenario” with Coronavirus that could wipe out savings and destroy markets

Billionaire investor, hedge fund manager and founder of one of Bridgewater Associates said in an online post this week that the Wuhan coronavirus (COVID-19) has the potential to become a once-in-a-lifetime pandemic. Worse, he noted, though admitting he’s no virus expert, he believes that if the outbreak becomes a global pandemic and ordinary people with […]

03/06/2020 / By Franz Walker

Massive economic disruptions ahead as businesses in Washington state brace for upswing in coronavirus infections

With 51 confirmed coronavirus cases and 10 deaths, King County has been the center of the outbreak in Washington state. Now, county officials are suggesting its over two million residents to work from home in an attempt to reduce the number of infections. “Workplaces should enact measures that allow people who can work from home to do so,” said King […]

03/04/2020 / By JD Heyes

Global shippers now losing a billion dollars a month as pandemic-induced slump hits the world’s product transport infrastructure

What do you get when you combine a ‘just-in-time logistics’ economy with a global slump in the most common form of transportation for getting goods to market — shipping? In short order, you get chronic shortages of virtually everything. And that seems to be the course we are on right now, thanks to effects of […]

02/29/2020 / By Ralph Flores

COVID-19 fears send global markets into a tailspin, U.S. stock market closes its worst week in 10 years

The U.S. stock market capped its worst week since the 2008 financial crisis on Friday, with all major stock indexes tanking over worries that COVID-19 could potentially end one of the longest economic expansions in history and send the global economy into recession. The CDC reports 15 confirmed COVID-19 cases in the U.S., as well […]

02/23/2020 / By JD Heyes

China’s economy continues to collapse as domestic car sales plunge a whopping 92% on spread of Wuhan coronavirus

Chinese President Xi Jinping finally made a public statement about the rapid, uncontrolled spread of the Wuhan coronavirus over the weekend, and it wasn’t optimistic. As reported by the South China Morning Post and republished by POLITICO, Xi made an “unprecedented” teleconference call that was open to every county government and military unit throughout the […]

02/21/2020 / By Tracey Watson

Coronavirus poses more than just a global health threat; it could also result in global economic collapse

Whoever came up with the idea of the global village clearly never thought about how a disaster in one part of the village would affect all the other residents. The 2008 global financial crisis is a prime example of why interconnecting the entire planet’s financial health is a seriously bad idea. Depreciation in the subprime […]

02/19/2020 / By JD Heyes

RIPPLE EFFECT: Huge disruptions in pharmaceutical supplies reported in INDIA after Wuhan coronavirus disrupts production in China

As we’ve been reporting now for several weeks, the spreading Wuhan coronavirus (COVID-19) is much worse than the Chinese government has said. There are thousands more infections, according to various reports, and plenty more deaths — so many, in fact, that funeral homes are paying more than $143 an hour in order to attract enough […]

02/16/2020 / By JD Heyes

China’s power consumption plunges as coronavirus pandemic shutters factories; economic numbers certain to plunge next

Several analysts have been keeping an eye on China’s internal economic activity as another way of gauging how severe the coronavirus spread really is and how drastic the government’s actions are to contain it. Over the past few days, these analysts have been able to piece together a number of indicators suggesting that a) the […]

02/10/2020 / By News Editors

Coronavirus ignored to protect stock market rally

It appears an effort to mask the danger of the coronavirus from the American people may be in play. This could be an attempt to protect Trump’s all-important stock market rally. It has become very apparent that the President values the stock markets’ constant move to newer highs as a reflection that he has done […]

02/09/2020 / By JD Heyes

China FLOODING the markets with liquidity to counter any loss of faith stemming from the coronavirus pandemic and a looming supply chain catastrophe

By week’s end, there were still more signs that China is having great difficulty controlling the spread of the coronavirus — so much so that the country’s Communist leaders have begun taking drastic measures to keep their economy, and that of most of the world, from collapsing. First, Chinese leaders extended the country’s Lunar New […]

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