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I believe the new virus will trigger a recession. The global supply chain is broken, most people just don’t realize it yet. China’s economy has crashed. A coupl
by Vomzor 7y ago
I believe the new virus will trigger a recession. The global supply chain is broken, most people just don’t realize it yet. China’s economy has crashed. A couple more weeks of quarantine and a lot of small businesses will fold. This will have a cascading effect. The debt situation in China is bad. Banks will collapse when lots of people and businesses default on loans, a lot of factories will never restart. Meanwhile factories outside China will shutdown because a lack of supplies. Some car factories already have.
I will sell most of my stock this week.
- naveen99 7y agoa virus that kills < 1-2 % of the population (likely mostly elderly) isn’t going to hurt the economy long term. Remember preventive medicine is actually more costly than letting people die sooner, even for non viral killers like cancer and heart disease.