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pandemic

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 Ralph Flores

World Bank commits $12 billion in aid for countries hit by coronavirus, but experts are bracing for a global recession

The World Bank on Tuesday has committed $12 billion in aid to help countries with the health and economic impacts of the global coronavirus (COVID-19) outbreak. The emergency aid package will include low-cost loans, grants and technical assistance, and is designed to provide a fast and reliable response for developing countries, especially those that are […]

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 […]

03/04/2020 / By JD Heyes

VP Pence says schools can shut down over coronavirus fears, meaning a China-like loss of production and economic hit coming to America

Vice President Mike Pence turned some heads on Sunday when he told NBC News that local school districts could close over coronavirus, a huge hint that indeed that may be coming in the not too distant future, though it isn’t clear that such closures would have to be based on actual outbreaks. “I think the president […]

03/03/2020 / By JD Heyes

World Bank “pandemic bonds” may explain why the WHO has yet to declare the coronavirus a “pandemic” … even as it spreads to over 60 countries

Even as the first American dies of the Wuhan coronavirus and the first U.S. state declares an emergency to prepare for what a much wider outbreak, the U.S. government has yet to declare a “pandemic,” but there could be significant financial reasons for that. As reported by MintPress News, there’s “a little-known specialized bond” that was […]

03/01/2020 / By JD Heyes

British health secretary issues shock warning that entire CITIES could be shut down over coronavirus if spread continues

Just when you thought maybe the Wuhan coronavirus’ global spread may be petering out and that the world could take a step back from the pandemic abyss, another alarming report surfaces to make you think conditions are not improving at all. We already know that the virus has spread well beyond the borders of China, where it […]

02/26/2020 / By News Editors

Covid-19: Global retrenchment will obliterate sales, profits and yes, big tech

If you think global demand will rebound as global debt and confidence implode, you better not be making consequential decisions based on Euphorestra-addled magical thinking. (Article republished from CharlesHughSmith.Blogspot.com) Even before the Covid-19 pandemic, the global economy was slowing for two reasons: 1) everybody who can afford it already has it and 2) overcapacity. One […]

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 […]

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