CoronaVirus: An “Economic Cataclysm” Devastating Economic Consequences To Come - Mike Maloney & Chris Martenson (Part1)
Warm weather is expected to slow the spread of this virus, should we really do nothing and wait to see if warm weather makes it all go away?
As predicted by both Mike Maloney and Chris Martenson, the economic consequences of the Coronavirus pandemic are proving to be devastating.
The Dow Jones plummeted again on Thursday as California announced it is monitoring an astonishing 8,400 people for the coronavirus.
Markets are being crushed all around the world, as investors and industry slowly awaken to the dire circumstances that will effect every aspect of our intertwined ‘just in time’ economy.
Join Mike and Chris for their latest update on the markets, the US dollar, gold and silver…and what may lay ahead.
A brief Dow recovery was ended as California Governor Gavin Newsom announced 8,400 potential coronavirus cases are being monitored in the state.
The Dow Jones plunged another 1,191 points today. Never in its history has it hemorrhaged so many points in a single day.
As you probably gathered from the headlines, the primary reason for this apparent “plunge” in the Dow and broader market is the spread of COVID-19, the novel coronavirus that originated in Wuhan, within China’s Hubei province. With new cases of the lung-focused illness cropping up in South Korea, Iran, and Italy over this past weekend, it’s becoming likelier that a pandemic could be declared by the World Health Organization.
Why the sell-off, then? The thinking here is that not only is COVID-19 a major concern to the health and well-being of the citizens in affected countries, but it has the potential to substantially affect gross domestic product (GDP) growth in these countries. With China boasting the second highest GDP in the world, COVID-19 could send economic ripples throughout the world.
As evidenced by the 1,031-point decline on Monday, Wall Street is clearly concerned.
On top of all of that, the CDC has just confirmed “Community Spread” of the virus.
The Centers for Disease Control and Prevention (CDC) has confirmed an infection with the virus that causes COVID-19 in California in a person who reportedly did not have relevant travel history or exposure to another known patient with COVID-19.
At this time, the patient’s exposure is unknown. It’s possible this could be an instance of community spread of COVID-19, which would be the first time this has happened in the United States. Community spread means spread of an illness for which the source of infection is unknown.
Blazing Press Covid-19 updates – The Spread continues World Wide with Panic Buying 2-27-20
I hadn’t heard of the Diamond Princess (Royal Caribbean) Simpson’s episode. Thank you! Very scary and telling.
The Exalted Lamb 1 Coronavirus in The Simpsons!!
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