In this report, I look at how the stock markets have been and continue to be in meltdown mode since the beginning of the week (Monday, February 24, 2020) as investors and speculators come to the realisation that the crisis emanating from China could have a huge impact on the world economy and consequently the financial markets.
This morning as I made this report the Dow futures was down about 400 points despite President Trump's announcement last night that he had put VP Pence in charge of managing the crisis.
Today I will also reference "The Fifth Risk" by Michael Lewis and "The Energy Non-Crisis" by Lindsey Williams.
"Trump spent the past 2 years slashing the government agencies responsible for handling the coronavirus outbreak": https://www.businessinsider.com/trump-cuts-programs-responsible-for-fighting-coronavirus-2020-2?r=US&IR=T
A list of my recent videos about the crisis:
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Recently the municipal government of Shenzhen and Hangzhou declared the emergency law which enables both governments to confiscate citizen's property. It's not only the problem of an epidemic. What's waiting for us next?
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