If I may use an analogy for those who wonder why the Wuhan virus (yes, I will use the term to spite China and the politically correct class) wasn't mentioned. The assassination of Archduke Ferdinand is considered the spark that lit the fires of WWI. But as any reader of history knows, it wasn't the cause. There were a lot of pent up factors at play up to that point. No one thinks the assassination was the singular reason why the war began.
Same here. If I read correctly, there was a lot to be concerned about in the market and there were people sending a warning signal. The virus was the assassination but not root cause. Whatever, panic selling there is can be attributed to it but the actual reasons are deeper. Maybe investors were already worried and just waiting for the signal and boy did we get one in the form of a black swan. More than anyone could have imagined or predicted. We all knew a black swan could come at some point and it did.
My instinct tells me we will get through it provided the containment and lockdowns aren't prolonged. I'm hearing an eight week peak for the virus. If this goes beyond this with a throttling of an economy built on 30-day cycles with ambitious stimulus bail outs (the U.S. is throwing $1 trillion. Here in Canada, it remains to be seen) the ripple effects will be, shall we say, challenging. However, we've been through far worse. My portfolio, modest as it is, had already take its beating and so I must wait and be positive.
There's also an esoteric component to this. Maybe we can view it as a reset. Take a step back and reassess.
Not only spiritually, as people perhaps rediscover God, but politically as well. The so-called 'open borders' illegal Immigration finally got reigned in as populations suddenly realized borders do matter. The EU will be severely tested given Germany's shocking decision to not help Italy angering a nation that was always a net contributor and founding member. If the EU abandons a fellow nation in this, imagine a really bad crisis? Italexit is back on and look for Salvini to get back into power. Inexplicably, Conte (a left-winger) signed a 'Belt and Road' deal with the very country that endangered Italy: China. The U.S., Japan and India rightfully are concerned to be in a deal with a clearly aggressive, authoritarian China. I wouldn't be surprised Salvini regains power and without a coalition.
As for China, it's time to make them a pariah as I noted in a previous post. It's been 30 years of this nonsense from them. The West thought the best way to liberalizing China was through trade. Since they're admission into the WTO they've done nothing but abuse and cheat. By the time we realized it, we were too beaten down to do anything about it. Now we can.
Start by bringing back manufacturing. It's ludicrous as it preposterous that they make our medicine - and then threaten to not send it! They're currently engaging in tiresome propaganda (which the media is all too happy to oblige - as they did with Hitler) blaming the U.S. for this outbreak.
I think people have had it with China and rightfully so. I don't worry about the $1 trillion debt they own. Even with that leverage, America is in a far better position. China is a paper tiger with all its demographic and environmental problems. America is a machine built on innovation where the world's best flock to. They won't default on payments.
America should pay the debt off and tell them they're out. Just like Italy should introduce a massive stimulus declare they're out of the EU and go back to the Lira.
Domestically, the Democrats have once again shown their petty political hand. At every turn they looked to politicize this at the expense of the health of the American people. Of course, they would since this presented itself as an opportunity for them and they couldn't resist. The CDC and FDA have shown how unprepared a bloated bureaucracy can be (Dr. Fauci's sound explanations aside) with probably a tinge of politics at play there too. The media has played - and continues to play despite pleas from the Surgeon-General and with Gov. Cuomo (of all people!) emerging as an ally for Trump - its own reprehensible part trying to corner the President at every turn. When H1N1 threatened the country, they didn't bother Obama one bit despite his own slow reactions to it.
There's a New Order forming and in many ways Trump was absolutely spot on correct about China.
Same here. If I read correctly, there was a lot to be concerned about in the market and there were people sending a warning signal. The virus was the assassination but not root cause. Whatever, panic selling there is can be attributed to it but the actual reasons are deeper. Maybe investors were already worried and just waiting for the signal and boy did we get one in the form of a black swan. More than anyone could have imagined or predicted. We all knew a black swan could come at some point and it did.
My instinct tells me we will get through it provided the containment and lockdowns aren't prolonged. I'm hearing an eight week peak for the virus. If this goes beyond this with a throttling of an economy built on 30-day cycles with ambitious stimulus bail outs (the U.S. is throwing $1 trillion. Here in Canada, it remains to be seen) the ripple effects will be, shall we say, challenging. However, we've been through far worse. My portfolio, modest as it is, had already take its beating and so I must wait and be positive.
There's also an esoteric component to this. Maybe we can view it as a reset. Take a step back and reassess.
Not only spiritually, as people perhaps rediscover God, but politically as well. The so-called 'open borders' illegal Immigration finally got reigned in as populations suddenly realized borders do matter. The EU will be severely tested given Germany's shocking decision to not help Italy angering a nation that was always a net contributor and founding member. If the EU abandons a fellow nation in this, imagine a really bad crisis? Italexit is back on and look for Salvini to get back into power. Inexplicably, Conte (a left-winger) signed a 'Belt and Road' deal with the very country that endangered Italy: China. The U.S., Japan and India rightfully are concerned to be in a deal with a clearly aggressive, authoritarian China. I wouldn't be surprised Salvini regains power and without a coalition.
As for China, it's time to make them a pariah as I noted in a previous post. It's been 30 years of this nonsense from them. The West thought the best way to liberalizing China was through trade. Since they're admission into the WTO they've done nothing but abuse and cheat. By the time we realized it, we were too beaten down to do anything about it. Now we can.
Start by bringing back manufacturing. It's ludicrous as it preposterous that they make our medicine - and then threaten to not send it! They're currently engaging in tiresome propaganda (which the media is all too happy to oblige - as they did with Hitler) blaming the U.S. for this outbreak.
I think people have had it with China and rightfully so. I don't worry about the $1 trillion debt they own. Even with that leverage, America is in a far better position. China is a paper tiger with all its demographic and environmental problems. America is a machine built on innovation where the world's best flock to. They won't default on payments.
America should pay the debt off and tell them they're out. Just like Italy should introduce a massive stimulus declare they're out of the EU and go back to the Lira.
Domestically, the Democrats have once again shown their petty political hand. At every turn they looked to politicize this at the expense of the health of the American people. Of course, they would since this presented itself as an opportunity for them and they couldn't resist. The CDC and FDA have shown how unprepared a bloated bureaucracy can be (Dr. Fauci's sound explanations aside) with probably a tinge of politics at play there too. The media has played - and continues to play despite pleas from the Surgeon-General and with Gov. Cuomo (of all people!) emerging as an ally for Trump - its own reprehensible part trying to corner the President at every turn. When H1N1 threatened the country, they didn't bother Obama one bit despite his own slow reactions to it.
There's a New Order forming and in many ways Trump was absolutely spot on correct about China.
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