As China has now placed hundreds of millions of its citizens under quarantine, its economy is grinding to a halt. Workers can’t leave their homes. Factories are idle. Most (if not all) of China’s ports are no longer shipping. International flights are increasingly banned from the country. When the world’s #2 economy hangs up a big “CLOSED” sign, that’s going to result in a major negative impact on global trade. As the manufacturing powerhouse to the world, you’ll be challenged to think of ANY industry that won’t experience serious supply chain interruptions and shortages from China’s woes. For instance, did you know China makes the vast majority of our prescription pharmaceuticals? A MASSIVE hit to the global economy will directly result from the damage the Wuhan coronavirus is currently
Topics:
Peak Prosperity considers the following as important: News
This could be interesting, too:
Mises Institute writes Carl Menger and the Sesquicentennial Founding of the Austrian School
Mises Institute writes The Upside of Lockdowns: More Saving
Mises Institute writes The Truth about January 6, and Where We Should Go from Here
Daily Pfennig writes Short Sellers Achieve Their Goals….
As China has now placed hundreds of millions of its citizens under quarantine, its economy is grinding to a halt.
Workers can’t leave their homes. Factories are idle. Most (if not all) of China’s ports are no longer shipping. International flights are increasingly banned from the country.
When the world’s #2 economy hangs up a big “CLOSED” sign, that’s going to result in a major negative impact on global trade.
As the manufacturing powerhouse to the world, you’ll be challenged to think of ANY industry that won’t experience serious supply chain interruptions and shortages from China’s woes. For instance, did you know China makes the vast majority of our prescription pharmaceuticals?
A MASSIVE hit to the global economy will directly result from the damage the Wuhan coronavirus is currently doing. And it may get worse, a lot worse.
So ignore today’s ridiculous all-time high stock prices. They can’t last in the face of what’s coming.
Be sure to stay up-to-date on Peak Prosperity’s ongoing full coverage of the coronavirus outbreak by visiting here.
The post The Coronavirus Is A Nightmare For The Global Economy appeared first on Peak Prosperity.
Powered by WPeMatico