by Daisy Luther, The Organic Prepper:
A lot of folks have distrusted the numbers coming out of China since the very beginning of the coronavirus outbreak. That uneasy feeling was justified when it was discovered that many patients weren’t being counted because they were never tested. Once an alternative testing method was temporarily approved, the number of infected people skyrocketed. This was only temporary though because Chinese officials reverted quickly to their previous method of only relying on the nucleic acid test, which is infamous for false negatives. (There are reports that suggest certain infected people tested negative as many as six times before a positive test occurred, according to MedicineNet.)
Holistic nutritionalist Valerie Robitaille joins me from Morocco to discuss the multifaceted attack against humanity. Coronavirus is just the tip of the iceberg, but fortunately there are ways to protect yourself from it, as Valerie explains. Thanks for tuning in.
by Wolf Richter, Wolf Street:
In January, consumers carried on in hunky-dory land.
Consumer spending accounts for roughly 70% of the economy as measured by GDP. When and how will the reaction by consumers to the coronavirus – dollars spent and not spent – become visible in the overall economic data? That’s the question we’ll try to find answers to going forward. But according to the Bureau of Economic Analysis today, in January, American consumers in aggregate were still in hunky-dory land.
One week ago, ahead of today’s Chinese data release which would for the first time capture the devastation from the coronavirus pandemic, we wrote that “to those who have been following our series of high-frequency, daily indicators of China’s economy, it will probably not come as a surprise that the world’s second biggest economy has ground to a halt, its GDP set to post the first negative print in modern history. To everyone else who is just now catching up, we have some news: it’s going to be bad.”
by Alasdair Macleod, GoldMoney:
This was the week that markets finally took notice of the coronavirus. Bonds soared and equities crashed in a flight to perceived safety. Base metals began to slide as the reality of global factory closures took hold. Oil prices slumped.
After an initial spike on Monday to $1689, gold fell a net $15 to $1627 on the week in early European trade this morning. Silver, presumably reflecting the weakness of base metals fell $1.30 to $17.21 over the same time frame.
from The Mind Unleashed:
It is likely that the virus is far more widespread in Iran than we are being told.
(TMU) — Iran now has the largest number of coronavirus related deaths outside of China but still has a relatively low number of confirmed cases when compared with other areas that have been hit hard by the virus.