Posted on 02/29/2020 10:33:56 AM PST by blam
It gives the United States an amazing opportunity! That's what this says...
I ain't either but I have access to the bank economist where I work. He's a former Fed Reserve guy.
It's bad and all the easing and interest rate reductions in the world at this point are just too late.
The issue is where is the manufacturing capacity going to move to and how fast can those facilities be built, brought on-line and churning out product?
Reality is it's gonna take awhile, how long I think is anyone's guess. From what I'm being told, we're really going to start feeling the impact in late Q2.
ChiComs implemented the infamous “One Child” policy to trim the population because they were worried they wouldn’t be able to feed themselves.
Launching a little Wuhan to trim some more surplus population, like those pesky Uyghurs, Christians, Poli Prisoners and other undesirables, would not be out of the realm of possibilities.
If Mr Xi gets it, then maybe not.
But if no Big Shots get it, it bubbles up a little more ‘spiracy talk.
We ramped up pretty quickly when WWII started.
(From the article) :
"What would this mean for the closely followed China manufacturing PMI? As Nomura added, "even adjusting for seasonality and expected progress in business resumption in the coming week, we estimate the official manufacturing PMI could drop to a range of 30-40 in Feb.".
"In retrospect, it turns out that Nomura's dire forecast was optimistic, because moments ago China's National Statistics Bureau reported the latest, February PMIs and they were absolutely catastrophic .."
How long will it be to full recovery ?
That issue remains unknown at present !
The Chinese government realizes the extent to which they supply much of the worlds medication, electronics, and fabricated parts (including automotive), they have ordered much of their population to return to the workplace.
As dependency on the Chinese labor market has allowed the Chinese to garner much of the world's manufacturing production, they wish to protect their control of the market.
If the Chinese government had been forthright and honest about the virus in the first place, we might not be so mindful of our industries dependence on Chinese products.
However, forthright and honest figures on industry, trade equity, monetary exchange, and diseases is relatively unknown.
Change from this dependence requires industrial relocation, buildings modifications and expansion, a ready labor supply, job training & re-training.
All this takes time and money both by government, industry and consumers.
Expect delays and interruptions in the supply chain from this adjustment, which will occur in the meantime; stability will occur with minor interruptions based on the financial value to the Chinese government economy.
Hat tip : blam and nullie !
That and a big fat beautiful import tariff!!!
This is retribution for Chinese treachery!
The USA would be the only acceptable place to make things again.
The problem is, that when China sneezes, everybody else catches cold.
Way over blown. The USA imports about $850B/yr from China and very little of that are components. The lion share of imports are FINISHED goods.
Which is why we need a very high across the board import tariff NOW!!!!
Hard to see a problem here - the Fed is going to lower interest rates next week, and that will fix it.
I think that fact shall give them a little lesson as they are pissing off a whole lot of the world right now.
Transformers, the big kind, and turbine generators.
Oh BS. Unions are dead and regulations, while they suck, add a penny on the dollar at retail. Your last century anti American worker screed is not helping the Republican brand. Go away.
The price of “Globalism über Alles”.
Exactly!!
Historians a hundred years from now will be writing about the GREAT SELL OUT OF US INDUSTRY.
I believe that this is the national "awoke moment" at how much we have relegated to the Chinese industry and medication manufacturing.
This is the first time that we understood the extent of our dependence on the Chinese, who already have a '30 year plan' to surpass the United States as a world power.
Let's not forget that they currently enjoy a trade "Most favored Nation" status, brought to us by President Clinton.
They identify as the "sleeping tiger", and we are their lunch, except we sorta awoke, thanks to Trump.
That example doesn't hold water. New Balance is still made in the USA. Take your lies elsewhere TRAITOR. Go back to India you old loser.
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