The World Is Shutting Down Due To Coronavirus, Global Economy in Freefall

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The world is shutting down t.co/2qXmIiWV8C

— Matt Thompson, CFA (@dynamicvol) February 23, 2020

supply chain disruptions coming to america. also could see product shortages pic.twitter.com/HzUvsDHZ9o

— Alastair Williamson (@StockBoardAsset) February 23, 2020

covid-19 could shock investors back into a macro matters environment – considering the gap between s&p500 price and 2020 eps estimates are dangerously wide pic.twitter.com/JpNOYXsZpz

— Alastair Williamson (@StockBoardAsset) February 23, 2020

👇👇 t.co/kZQNpruJFJ

— Richard Field (@tyillc) February 23, 2020

"Chinese medical experts on the front line of the battle to contain the outbreak warned that recovered patients may still carry the virus and be contagious."t.co/npFenxrlEv

— Michael Krieger (@LibertyBlitz) February 23, 2020

China braces for inevitable big hit to economy from virus, says Xi t.co/c6cyIMXAEZ

— FXHedge (@Fxhedgers) February 23, 2020

"It Will Be Really, Really Bad": China Faces Financial Armageddon With 85% Of Businesses Set To Run Out Of Cash In 3 Months t.co/LoIAkndZQF

— FreeZerohedge (@freezerohedge) February 23, 2020

TRUMP SAYS CORONAVIRUS IN U.S. IS 'UNDER CONTROL'

*but*

ONLY THREE U.S. STATES HAVE CAPACITY TO TEST FOR CORONAVIRUS – SOURCE

— *Walter Bloomberg (@DeItaOne) February 23, 2020

Getting wiped out.

The free fall in the venture capital barometer still ongoing.

Now down 51% in only 8 months!

Two of its components look even worse in the last 3 months:

– Deal counts -40%
– Early financings -54%

Still mid-cycle, bulls? pic.twitter.com/ksO4KTFMql

— Otavio (Tavi) Costa (@TaviCosta) February 23, 2020

Global stocks lost $470bn in mkt cap this wk as coronavirus impact is beginning to unfold in weaker hard data & all amidst growing trepidation about buying a stock mkt already up 3%+ ytd even as tail risks continue to swirl. Global mkt cap now $87.6tn, equal to 102% of global GDP pic.twitter.com/EhTZJHdgQV

— Holger Zschaepitz (@Schuldensuehner) February 23, 2020

Meanwhile the supply chain issues seem to be getting serious. I think in the coming weeks China might have to make a decision between aggressive quarantine and a progressing supply chain collapse like the one described in a paper I submitted a couple days ago. Remember the supply chain is global too. These articles give a bit of an idea of the problems at hand.

The Virus Is Interrupting Supply Chains From Watches to Lobsters

World Economy Shudders as Coronavirus Threatens Global Supply Chains

Nissan, Honda delay restart of some China plants due to coronavirus

not really supply chain but… Coronavirus Epidemic Puts Some Global Airlines on the Brink

I really wonder if its sustainable for the world to fight the spread of the virus with such aggressive tactics.

If only the WHO didn’t tell the world not to shut down transport links with China a month ago.