*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. 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. t.co/C1Tt5LlXEH
— Michael Nicoletos (@mnicoletos) February 17, 2020
— Trading Economics (@tEconomics) February 17, 2020
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." t.co/pi70F7tQss
— Chris Carolan (@spiralcal) February 17, 2020
A market that never discounts any reality by force of constant intervention is by definition an artificial bubble.
Central banks have made a mockery of price discovery and the free flow of capital.
All markets are now are a central bank policy chase operation.
— Sven Henrich (@NorthmanTrader) February 17, 2020
- 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.