We might look at these stories and think bad news. The market sees more printing!

*NINTENDO IS LIKELY TO SUFFER GLOBAL SWITCH SHORTAGES FROM VIRUS
*THAILAND CUTS 2020GDP GROWTH ESTIMATE TO RANGE OF 1.5% TO 2.5%
*SINGAPORE LOWERS 2020GDP GROWTH EST. RANGE TO -0.5% TO 1.5%

You (and I) might look at these stories and think bad news.

The mkt sees more printing!

— Jim Bianco (@biancoresearch) February 17, 2020

Japan is #3 GDP in the world, it just printed -6.9% QoQ SaaR GDP growth, and this is PRE-Corona. And unfortunately it, along with Singapore, is being hit hardest by Corona (ex-China). And it's an important exporter for Tech & Machinery. This is a major problem. https://t.co/LCGV9U4CF4

— Dr. Chris Dark (@Darky999) February 17, 2020

The question is, can an economy which needs 9 units of credit to create 1 unit of GDP tolerate 25% discount in asset prices? #China #Evergrande slashes prices of new flats by 25% as coronavirus leaves developers struggling with plunging house sales. https://t.co/C1Tt5LlXEH

— Michael Nicoletos (@mnicoletos) February 17, 2020

#China House Price Index year-on-year at 6.3% https://t.co/L60DXiFuDL pic.twitter.com/xvvtJoHxDQ

— TRADING ECONOMICS (@tEconomics) February 17, 2020

True story.
In the crash of 1987, the clearing firms went to the options market makers in the pits whose accounts were underwater and said, "Keep trading." https://t.co/pi70F7tQss

— Chris Carolan $=1/∞ (@spiralcal) February 17, 2020

https://twitter.com/NorthmanTrader/status/1229362051799232515

Coronavirus could impact 5 million companies worldwide

• A special briefing issued by global business research firm Dun & Bradstreet analyzed the Chinese provinces most impacted by the virus, and found they are intricately linked to the global business network.
• Almost half (49%) of the companies with subsidiaries in impacted regions are headquartered in Hong Kong, while the U.S. accounts for 19%, Japan 12% and Germany 5%.
• Dun & Bradstreet researchers found that at least 51,000 companies worldwide, 163 of which are in the Fortune 1000, have one or more direct or “tier 1” suppliers in the impacted region.