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RE: Coronavirus is the expected black swan event

in Project HOPE4 years ago

I think that in the next crisis, or rather, the one that is already beginning to be noticed, all the conditions you mention (Brexit, economic warfare, geostrategic and political tensions) have joined to give a very worrying result.

Now, as things were already tense, just one drop was enough to spill the glass and the coronavirus seems to fit very well in that role of being a new and unexpected disturbance factor (although the theorists of the cospirations already come out to say that it is a biological weapon developed by the USA). This virus necessarily decreases the activity of the second market in the world and affects the country that is one of the most prominent technological equipment production centers in the world, if stopping the long-term production would be an unsuspected economic catastrophe.

Let us also add the spread of the virus and the way in which cases are being found on different continents, this leads to intensification of the control of goods and the movement of people, I do not see it as a bad thing, but if it lasts too long it will not Being healthy for freight costs and people's quarantine time does not help their productivity.

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Thanks for your thoughts, surely one day or another, the cure will be invented (and tested). But this seems to take quite a long time. Now we can only watch how deep it will go (the despair/crisis or whatever we call it). Just check stock indexes of yesterday...

Stock markets are afraid and have reason to have it.
I hope that the vaccine and the treatment will develop fast enough so that the effects of the epidemic are controlled a little, if work is not accelerated in this sense, I think it will do a strong damage to the global economy.

Yes it is most probable that it will...