GE said:
From the BNO Newsroom twitter link.
Potentially good news is rate of increase of confirmed cases is decreasing. Now just 19% and hasn't been above 22% in 5 days. Need that trend to continue. Based on the efforts to contain hopefully it slows way down.
It could also be that they have stopped counting or the healthcare workers just can't get to everyone. Yes, a lock down can be effective but how long and at what cost?
Y'all are missing the big picture.....it's the economy that is going to suffer the most.
Ever walk around a Home Depot or Lowe's and calculate what percent of the products on the shelves are from China? What about Wal-Mart or Target? Bed Bath and Beyond, Best Buy, Apple Store, etc? How does Tesla, BMW, VW sell cars that aren't built or missing critical components and electronics? How much revenue are airlines going to miss out on for the routes to and from China? How about the banks around the world that have Chinese Yuan as assets? What about all of the derivative contracts between banks based on "sure fire" China GDP over 5% Those are just some of the big boys off the top of my head, what about all of the retail stores across America that rely on cheap Chinese goods? As a commercial retail landlord, do you feel confident about all those triple net leases?
This is like pouring sand into a car transmission....it may run for a little bit but ultimately it locks up.