Yes the nCoV-2019 virus is scary however it is 10,000-miles away and China is trying to put the tooth paste back into the tube. Part of this effort is closing down regions and at this typing one shipping port. As we watch from afar as more regions, cities, ports, manufactures, Starbucks, McDonalds, etc. shut down how will that affect the WORLDS economy?
Watch PM's going forward. Gold is up ~$50- already this month. It closed $1,574- today. Once it rises and stays above $1,600- the game is afoot Watson! The highest gold price I have seen in my lifetime was in August 2011 at $1,800- an ounce. Silver is seeing a similar Bull run. May 2011 ~$37- today just short of $18- and ounce.
Then looking worldwide; in 2017 China exported $2.097T worth of goods. What happens to the world if 25, 50, or a higher percent of exports from China are curtailed? Wally world may go out of business. Dollar Stores will be come Ten Dollar Stores. LOL...You get the idea.
Then think locally. How many of the local manufactures around your AO rely on Chinese steel, car parts, clothing, et cetera to produce what ever they are selling here in the USofA? Being a plant manager or CEO of a company, I would start the planning process for laying off workers. Heck, the largest expense any company has is payroll.
I hope you can see the chain reaction from the first nCoV sneeze in WuHan, China to the day the you and millions of others round the globe receive their pink slip.
Start now planning for the inevitable folks. If you can pay down those credit cards. Start planning a 2020 victory garden. If you have the space and your local laws allow it, start raising chickens. A dozen can keep two people in eggs daily with a few extra to sell. If you have space, raising rabbits is very easy. If you live in a rural area, have a couple neighbors get together and raise pigs. 180 pounds of pig could keep two adults in protein for 6-months. Add to the pigs a milking cow and you will have 2 to 3-gallons of milk a day.
It is up to the AP readership to keep and eye on PM prices, the stock market, shortages on the shelves, et cetera and adjust to meet the canary dying in the coal mines. Start the planning process today and come up with a list of the "what ifs". Once that is done, then make plans to meet each "what if" and act today. Do not be the person who just watches but never acts. Remember, normalcy bias will get you and your love-ones killed.
On that pleasant note, 73 & God Bless Brothers & Sisters.
