Crude prices have dropped 20 per cent since early January, that long-ago moment when eight Wuhan doctors were already trying to alert the world to the virus, only to be arrested for "spreading rumours".
Commodity markets have taken it on the chin because they are instant barometers of demand. Equity markets are instead shrugging off the Wuhan virus as media noise, betting that China's factories will reopen on February 14 or thereabouts as Beijing brings the epidemic under control.This is a brave assumption and I can only marvel at analysts suggesting that the infection rate may be tailing off based on official data.
It is the same warning from an "increasingly alarmed" Peter Piot at London's School of Hygiene and Tropical Medicine. The danger is that it will become endemic and circulate everywhere like flu, a manageable headwind for rich countries but certain havoc for Africa or South Asia.
Source: Financial Digest (financialdigest.net)
We gotta do business without China from now, they threaten the western world... there are alternatives.
Time to let go of the Chinese purse strings.
Large companies wanted cheap labour to produce their products. So this is the end result.
That's what trump wants a world economic crisis.
Or, we could all die. Let's check in on the economy then 🙄😁
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