History of sudden market shocks shows the market is due for a big comeback.
Everyone is talking about the V shaped recovery. But I don't think it's going to work that way. Just the money lost in conferences alone!
Mobile World Congress - the largest cell phone conference of the year was shut down.
Game Developers Conference - the largest game conference in the US shut down.
They cancelled the Geneva Motor Show!
And ultimately everyone is operating on faulty information. Even in Wuhan they only had 10,000 test kits a day. The real numbers will never be known.
Subscribe to:
Post Comments (Atom)
YES!
ReplyDeleteHERE
And HERE.
There were tons of images like that out of China. Now there are rumors that the CCP has taken control and nothing regarding the virus gets out.
I'm not a preppier but I already thought the market would crash this year because it's an election year. Once it spread to Iran I started buying water in stages. You know I don't believe in religion - but I pray it doesn't follow China. Literally hell on earth.
This is absolutely worse than 2008. China already reported numbers worse than 2008.
Agree. But none of those things are going to be quick. Companies already haven't had orders filled for four weeks. Those guys will go bankrupt. You know I've been on the "we rely too much on China" train for a few years. But it's hard to quickly or easily change a supply chain that has been in existence for my whole adult life. I think the world as we know it right now is gone.
ReplyDeleteChina was already facing a lack of trust before the virus. Now I know China will never be the same. It's just hard to figure out how that is going to look right now.
Oh and if you see any of those twitching videos on live leak, link them up here please.
I went through my old texts and all the accounts were disabled.
ReplyDeleteThe Chinese admitted a problem 31 Dec 2019, two months have passed. We just had people start to die so by May we ought to have a way better idea of what is really going on.
ReplyDeleteGood luck.