Saturday, November 28, 2020

Tag: Historic Losses Occur as Wall Street Finally Realizes the Threat That the Coronavirus Poses to the Global Economy – Nathan McDonald (27/02/2020)

Historic Losses Occur as Wall Street Finally Realizes the Threat That the Coronavirus Poses to the Global Economy – Nathan McDonald (27/02/2020)

0

by Nathan McDonald, Sprott Money:

Things are accelerating fast, as the markets finally come to the same realization I reached over a month ago: the coronavirus will have a massive economic impact that could possibly send the world into a severe recession.

The reasons for this have been well documented through my last number of articles. However, it bears reiterating that tourism, global travel, and the vital supply chains that so many companies now rely on in this new age of globalism will be severely impacted, possibly even crippled, as this virus continues to spread across the world.