Hey, but there's good news, too!! The 10 year treasury is down to record levels!! It's a great time to lock yourself into a low rate, 30 year mortgage!!!
Oh, and the market lost another -123 today after being up over +460 during the day..
If he plays it right, it can make America stronger. This is an excellent opportunity to bring more manufacturing back home and create a shit load of new jobs here. I think most folks had no idea that America is overly dependent on an increasingly belligerent China.
Recently, there was a shipment of medical supplies on it's way to the USA, bought and paid for, then China welshes and recalls the shipment for their own domestic consumption. It's time to shift some of the cheap overseas labor to India and other countries too. Spread out the risk. It's the same as relying on the ME for oil. Industrial independence is essential for national security.
I agree with that. If you look at absolute numbers of this virus versus our seasonal flu in infections, deaths, etc., there's no comparison, yet the emotional responses to the WuFlu are unreal. Our Flu number exceed this by 10x+ easily, yet, the country's business goes on as usual, without a single quarantine.
And this is one of my biggest pet peeves, the emotional responses to hype issues (just like new gun laws). The emotional reactions DON'T match the real threat, but have long lasting (negative) effects.
This is true, lack of honest reporting from China made this a lot worse.
Like it being engineered and coming from a biolab and not from bats in the wet market?