Words cannot describe how CRAZY this is;
In my life's experience, the only thing I compare it to is the Dotcom bubble.
The Shenzhen stock market 1 week and one month:
In my life's experience, the only thing I compare it to is the Dotcom bubble.
The Shenzhen stock market 1 week and one month:
Shenzen is on lockdown.
Domestic product is essentially zero.
Domestic product is essentially zero.
Shenzen is 600 miles south of Wuhan.
This is Beijing. 600 miles north of Wuhan:
This is Beijing. 600 miles north of Wuhan:
EVEN IF, come next Monday everything goes back to business (impossible), Q1 GDP will have taken a huge hit.
When everyone eventually figures this out, the crash will be cataclysmic.
When everyone eventually figures this out, the crash will be cataclysmic.
The carnage will not be contained to China. Every McDonald's, every Apple store in China is producing essential zero income. This will be a major hit to every company doing business overseas. The NASDAQ for last month:
How much of what we buy depends upon parts- *even a simple widget*- made in China?
Somewhat off topic, but this is the gravest danger of just-in-time production; how many Chinese widgets do companies keep in inventory?
Get used to this:
Somewhat off topic, but this is the gravest danger of just-in-time production; how many Chinese widgets do companies keep in inventory?
Get used to this:
