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EMerging Markets-EM stocks drop for fifth straight day as coronavirus fears linger
While some experts believe the new strain, known as “2019-nCoV”, is not as deadly as SARS, alarm has grown over its rapid spread and many unknown attributes.
“There have been more cases in China, but so far with a lower death rate than the SARS outbreak,” said Michael Head, a health researcher at Britain’s University of Southampton.
Unfortunately, I think this has legs long legs. If you really think that there were only 1200 new cases overnight and we are up to only 7700, you are ready to believe the lying Chinese government.
They have completely shut down a city that is bigger than New York Wuhan has 11 million people vs NYC 9
When it is disclosed that factories have been closed for weeks and the supply chain has ground to a halt, the full economic implications will start to sink in
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Let's hope the above statement is true. Today China economy is triplet the size of that 2003 timeframe. So the overall impact on the global economy could be even worse.
They have completely shut down a city that is bigger than New York Wuhan has 11 million people vs NYC 9
https://www.bloomberg.com/graphics/2020-wuhan-novel-coronavirus-outbreak/?mod=djemDailyShot&mod=djemDailyShot
When it is disclosed that factories have been closed for weeks and the supply chain has ground to a halt, the full economic implications will start to sink in