Not just copper and shipping but now oil demand is likely to be impacted by Coronavirus. We could be seeing significant contractions in world GDP

Sechel

Not just copper and shipping but now oil demand is likely to be impacted by Coronavirus. We could be seeing significant contractions in world GDP

Comments (6)
Curious-Cat
Curious-Cat

Yes, I agree. Only folks who don't seem to see the danger to the world economy are the folks propping up the security Market. This doesn't seem to be a Black Swan. It's more like a black pterodactyl.

No. 1-2
Latkes
Latkes

It's fun to read the headlines: "Dow Blasts to 29,500 Despite CDC’s Scary Coronavirus Warning" followed by "Dow Tumbles as U.S. Warned of 100,000s of Coronavirus Cases". Dow 'tumbled' by a whopping 0.14%. Noise.

That being said, the economic effects will be real and very different from previous recessions, IMO.


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