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| Economy |
| World Trade Hit by Virus Sees Worst Collapse in a Generation |
| 2020-03-27 |
| [gCaptain]The global economy’s most abrupt and consequential shock in at least a generation is unfolding at ports and other hubs of international commerce as the U.S. and Europe struggle to contain the coronavirus pandemic. The Great Recession, the Sept. 11 attacks, the 1973 oil embargo — none of these modern crises constricted trade flows as quickly and as sharply as the Covid-19 disease has. Not even World War II delivered the kind of sudden economic knockout that is paralyzing global supply chains and rendering almost silent the most bustling cities in the developed world as businesses close and consumers obey orders to stay at home. |
| Posted by:Alaska Paul |
| #3 When this country gets through the pandemic, there has to be a day of reckoning with the Chicoms on their lying predatory way of dealing with us. Then we need to break our dependence on such a corrupt system for our necessities. The people who got us into this situation need to be exposed and held personally accountable. There will be a major reset in shipping as trade between China and the US will greatly decrease. The shipping companies will have to adjust or die. We are going to have to get over our so called cheap goods addiction. |
| Posted by: Alaska Paul 2020-03-27 11:22 |
| #2 The U.S. experienced an unprecedented 45% year-on-year slump in imports from China during the first two weeks of March, according to S&P Global Market Intelligence. Yes, imagine that. The American consumer is a bit put off by these contagion carrying, shithouse bat eating invaders threatening the lives of millions of Americans. Sending our manufacturing base to the poor farm via communist slave labor is one thing, but global pandemic kill-offs are yet another. |
| Posted by: Besoeker 2020-03-27 06:38 |
| #1 The entire point of gerbilism is to create the maximum number of middlemen and gummint regulators. It's the exact opposite of free trade. |
| Posted by: M. Murcek 2020-03-27 06:21 |