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It will be terrible news for most Americans as the global economy would go into free fall and America would be in a recession. It would also mean Trump will not get reelected.
It will be terrible news for most Americans as the global economy would go into free fall and America would be in a recession. It would also mean Trump will not get reelected.
Most Americans will be fine.
There is a small number of rich on the other hand that will not fare so well.
It's a temporary problem. Once the disease has run its course, things will mostly return to normal.
In economics, everything important happens at the margins. Seemingly insignificant changes can lead to unforeseen consequences. Look at the Lehman Brothers collapse for a recent example.
All these financial gurus have chimed in on this thread I see. This virus will be a blip on economy, although the size of the blip is still to be determined. Once the virus runs its course, the economy will go back to its original trajectory.
In economics, everything important happens at the margins. Seemingly insignificant changes can lead to unforeseen consequences. Look at the Lehman Brothers collapse for a recent example.
That is the problem with short term thinking and a quarterly profit outlook.
Big Business does not think about the long term consequences.
Having all the eggs in one basket also is a retarded business strategy, in this case China.
What happens if war breaks out in that part of the world as well.
Most Americans will be fine.
There is a small number of rich on the other hand that will not fare so well.
I think you are wrong. Many products have at least one component which comes from China. Even if the component is not custom designed and can be sourced elsewhere, there’d be delays.
Then there’s there’s the U.S. dependence on pharmaceuticals from China:
- 97% of all antibiotics in the U.S. come from China, and
- about 80% of the active pharmaceutical ingredients used to make drugs are thought to come from China and other countries like India.
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