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

  1. #11
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    It begins.

    I can't post a link from this device, but Apple is prepping for disruptions in its supply chain.

    See scmp.com
    Pastor Guest

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  2. #12
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    If the goods don't flow out of China, there will be major disruptions in all facets of life
    Plato once said, “Wise men speak because they have something to say. Fools, because they have to say something.”

    "Fere libenter homines id quod volunt credunt." "Men willingly believe what they wish to believe."
    Julius Caesar

    There's no natural calamity that government can't make worse.
    Bill Bonner

  3. #13
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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 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.
    Think again. Trump will get blamed for a bad economy here. Don't think China going down won't have an effect on us, because it will.
    Wise Men Still Seek Him

  4. #14
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    Dow back up 100 points right now.

  5. #15
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    Dow is not the economy.
    Plato once said, “Wise men speak because they have something to say. Fools, because they have to say something.”

    "Fere libenter homines id quod volunt credunt." "Men willingly believe what they wish to believe."
    Julius Caesar

    There's no natural calamity that government can't make worse.
    Bill Bonner

  6. #16
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    Dow has gained back half of what it lost yesterday. Up 250 points son far today.

  7. #17
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    Quote Originally Posted by Hoppalong View Post
    Dow has gained back half of what it lost yesterday. Up 250 points son far today.
    There are always suckers to BTD. Wait a few more days when the infected and dead numbers go exponential.
    "Stand your ground. Don't fire unless fired upon, but if they mean to have a war let it begin here." Captain John Parker, to his Minute Men on Lexington Green, April 19 , 1775.

  8. #18
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    Quote Originally Posted by Hoppalong View Post
    Dow has gained back half of what it lost yesterday. Up 250 points son far today.
    Look at the videos from Wuhan and other cities that are locked down. They are ghost towns. Eleven million people in Wuhan and almost no one on the streets. Almost no vehicles on the roads. Almost no one is going to work. People are not being paid. Products are not being manufactured. Supply chains are being disrupted. While these things have not affected us directly (yet), if they continue, they will most certainly affect every one of us. If China sinks, we go with it. The next 30 days will tell the tale. By then we will either be seeing the light at the end of the tunnel, or we will enter a very dark time.
    Pastor Guest

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  9. #19
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    13% of our drugs come from china.

    Now think about components, parts, chemicals, ingredients, etc.

    The JIT system is going to fall.

  10. #20
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    BTW- The "official" number of cases acknowledged by the Chinese government is now over 6000.

    Coronavirus cases in China overtake SARS — and the economic impact could be ‘more severe’
    - CNBC


    The number of new coronavirus cases has topped 5,000 in China in just about a month, data Tuesday showed, while it took more than 6 months for the number of SARS cases in the country to reach that figure.
    https://www.cnbc.com/2020/01/29/coro...re-severe.html
    Pastor Guest

    Free E- Book!

    "Steps Toward the Mark of the Beast"
    The Christian's Guide to the How and Why of
    the Coming Cashless/RFID Economic System


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