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Thread: Coronavirus can wreck the world's economy - Dow drops more than 500 points

  1. #1
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    Default Coronavirus can wreck the world's economy - Dow drops more than 500 points

    Coronavirus can wreck the world's economy

    If China's economy sinks it will suck the world down with it.

    Dow opens down more than 500 points

    https://www.cnbc.com/quotes/?symbol=.DJI

    CNBC.com

    China's markets have been closed and continue to be closed after Chinese New Year.
    Pastor Guest

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    A warrior lives by acting, not by thinking about acting, nor by thinking about what he will think when he has finished acting.

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    Our JIT global system will be our downfall.

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    Today FOX business news said this is a "Black Swan" event.


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    Quote Originally Posted by HouseWolf View Post


    .

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    Too bad.
    So sad.

    The economy is nothing but a fiction of the mind.

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    Quite a few news outlets are talking about about an economic crisis caused by the virus. They are stressing it will be "short lived". I think they are prepping everyone for a crash they know is coming but, they are trying to create false hope that it will not last long.

    One good thing is, they won't be able to blame the crash on President Trump.
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    Quote Originally Posted by Idaho Bullwinkle View Post
    Too bad.
    So sad.

    The economy is nothing but a fiction of the mind.
    And the fiat backed by nothing FRN is the biggest fiction of all.

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    Quote Originally Posted by Pastor Guest View Post
    Quite a few news outlets are talking about about an economic crisis caused by the virus. They are stressing it will be "short lived".

    I hope so but China supplies most of the world with goods of all types and they are shut down, for how long? We won't know the extent of the outbreak for another week or two. BTW chinese travelers are not being tested in HI!
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    Another article that predicts economic turmoil, but then offers the false hope of a quick recovery.

    The Coronavirus Is A Black Swan Event That May Have Serious Repercussions For The U.S. Economy And Job Market
    - Forbes

    With courage, ingenuity and global cooperation, the fear will subside, cures will be found and things will go back to normal.


    https://www.forbes.com/sites/jackkel.../#1d2422f93991
    Pastor Guest

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