Get ready. The Markets are down -865 as I write this.
The Coronavirus is in Italy. Northern Italy, and everything in places like the city of Milan are shut. there is no food on the market shelves. Just like a hurricane scenario in SE Texas.
Say what you want, Italy ain't a 3rd world nation.
Trouble is, they are not sure how long everything will be shut down.
It has spread to South Korea.
Investors are concerned about a worldwide economic slowdown.
And China's facilities and plants are at a standstill. How stuff do we get from China to make stuff here? Just to make stuff.
And don't say, well, it needs to be made here, simply enough, we don't have enough people to make it either fast enough or quick enough to be needed here. And even so, make it here, it might make every day items increase 2000% percentage points.
You don't understand how much everyday stuff is made there, such as ingredients for prescription medications. And then shipped here to be made.
And this is from a source, who knows, the virus is not always showing up in the tests when first run, never mind they show the symptoms.
It might not be widespread here, but you might need to get a few extra items next time you're at the store, just in case we're all quarantined.. .
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