Fears that the coronavirus will turn into a global economic pandemic are mounting

Marketwatch ^ | Feb 25, 2020 9:24 a.m. ET | Jeffry Bartash

[ProtectOurFreedom]

This one has a long lead time to ramp up to maximum disaster level. I’m thinking they timed it perfectly for maximum damage around the DNC Convention time. “Only Communism can save us.”

[ProtectOurFreedom]

So it’s OK to shave 14% off of our GDP?

[1Old Pro]

I think this flu will be a distant memory in a few months.

[PIF]

LOTS of folks died from the flu last year- whikle not many are dying from coronovirus YET
````
COVID19 is killing on top of the regular flu;
Regular flu established death rate 0.02%;
COVID19 currently 3-4%

they will sadly

[DouglasKC]

The apparent overreaction to this virus by so many countries makes one wonder if the insiders don't know something that is not available to the rest of us? -Tom

That's the most puzzling thing about it. On the one hand it' nothing to worry about but on the other hand every country that it's gone to has taken extraordinary measures to contain it.

[Obadiah]

Yup.

[1Old Pro]

on the other hand every country that it's gone to has taken extraordinary measures to contain it.

Which is why it's contained.

[DouglasKC]

Yep. Right there with ya. We live in a pretty remote, hurricane-prone rural area so we always try to stay well-stocked up anyway on the necessary supplies. Usually, this time of year, we’ll use up most of it, and let our time-limited supplies dwindle down in order to replace with fresh stock just prior to the hurricane season....not this year. We left at 7am this morning and just got back here with 6-8 week’s supply of non-perishables, potable water, OTC-type medicines, batteries, toilet paper, diesel fuel, gasoline etc. Almost $300 dollars worth of fresh supplies. I know someone will probably ask: The answer is: yes. Plenty of ammo (5.56 for the wife and 300 Blk for me) for both of our ARs, as well as plenty of .45ACP and .357SIG for the Glocks.

Common sense says that if countries are instituting drastic quarantine measures that we should have enough food on hand to ride it out. Finished a week ago...food for 4 months, toilet paper and life straw (got a pool). If it never happens all usable.

[DouglasKC]

on the other hand every country that it's gone to has taken extraordinary measures to contain it. Which is why it's contained.

That's great and hope it lasts.

[ProtectOurFreedom]

Not to worry. China has it under control.

"To the incinerator with you, Bub!"

[ProtectOurFreedom]

Somebody posted the link to this excellent video about the 1918 "Spanish Flu" this morning. It's worth watching. The timeline in 1918 is greatly accelerated and compressed because of global air travel.

1918 Spanish Flu historical documentary | Swine Flu Pandemic | Deadly plague of 1918

[Capt. Tom]

That's the most puzzling thing about it. On the one hand it' nothing to worry about but on the other hand every country that it's gone to has taken extraordinary measures to contain it.

And these worldwide countries that seem to be overreacting to the corona virus don't have the same political or economic agendas, like China, Italy, So Korea, Japan, USA, etc. -Tom

[moehoward]

“The CDC keeps creating panic.”

There was some Chicken Little from WHO on FBN yesterday morning. This guy clearly spends his off time screaming FIRE in movie theaters.

[SoFloFreeper]

Fear mongering

[central_va]

So it’s OK to shave 14% off of our GDP?

No, but only 16% of our economy is at risk. Lets say the coronascare shaves 10% of of world trade. 10% of 16% is 1.6%. Bad yes, but not terrible.

[ProtectOurFreedom]

You cannot ignore the huge multiplier effect. Parts sourced from overseas won’t be available curtailing domestic production. Then the business slow-down ripples through all of your local businesses that keep the community and local businesses humming. This could set off a major global depression.

[cowboyusa]

I was talking to an 8nvestor on the eay home, and he thinks it will bounce soon.

[moehoward]

Agreed. Probably by weeks end it’ll start creeping back up.

[central_va]

In 2017 we imported $475B from the Commies. Even if ALL of those imports were stopped the value of the parts/components sourced from China is not $467B, I will guess it is $100B for academic purposes. $100B in Chmese components will only affect say $100B in US production. $100B in a $22T economy is less then 1/2 of 1% of GDP.

[Truthoverpower]

Global misinformation propaganda alert!

Don’t be fooled