Lot of companies are going to take it hard in the shorts with this. International transaction contract always have a Force Majeure clause. Chinese suppliers will not be in breach of contract if they don’t perform.
Bring Out Your Dead
Post to me or FReep mail to be on/off the Bring Out Your Dead ping list.
The purpose of the Bring Out Your Dead ping list (formerly the Ebola ping list) is very early warning of emerging pandemics, as such it has a high false positive rate.
So far the false positive rate is 100%.
At some point we may well have a high mortality pandemic, and likely as not the Bring Out Your Dead threads will miss the beginning entirely.
*sigh* Such is life, and death...
If a quarantine saves just one child's life, it's worth it.
I was wondering how long China can lock-down 60 million people with it affecting the rest of the world.
Not that anyone here buys stuff made in China*, but if they did, they should SERIOUSLY consider buying it now (or stocking up on it, if it gets consumed, like toilet paper).
But also consider other direct effects, even things that are ‘made in America’ typically have tons of foreign content, at the lower levels (perhaps chemicals used to make the plastic for their shells, or circuit components, etc.).
And finally consider the secondary effects, which will hit later. How about spare parts for the machines used to manufacture American products, or even run our power plants?
*I know, I know, even if we want to only Buy-America, we cannot. The Globalists made sure of that (thanks, Bushes). We’re all going to be impacted...by this, and if the country goes into full lock-down, God help us.
I can see that happening and was thinking about it the other day. The company I work for is a chemical manufacturer. Many of the raw materials are only available overseas. I can see some serious supply chain issues hitting soon
I am moderately optimistic about Europe and the United States, and possibly Canada, getting out of this OK.
I am a radical pessimist about China. I think the Chinese leadership and their children will flee, the state will collapse, and the “China trade” will not “return to normal” for many years, if ever.
The Party’s over.