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Economic implications of a SARS/Coronavirus outbreak

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Bloomberg - Are you a robot?

www.bloomberg.com



"Real-estate companies are seeing clear evidence of New Yorkers and Londoners ditching city centers for suburbs as the pandemic changes the way people live and work.



IWG Plc, which operates Regus-branded serviced offices in cities around the world, has seen a “a strong pick-up in demand” for suburban space versus major cities, especially in places reliant on commuting. While deals for its downtown New York offices have collapsed by 30% since the virus outbreak earlier this year, activity in southern Connecticut has surged more than 40%, according to a statement Tuesday.



Across the pond, U.K. housebuilder Crest Nicholson Holdings Plc’s expected slump in full-year profit may not be as bad as previously flagged, partly thanks to developments in southern England outside of London, it said in a quarterly update. A “structural change to the balance of office and home working” featured strongly in customers’ buying decisions, it said".
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You're a few months behind the times there bloomberg.
 
Well if the multinationals think the game is over with the removal of Trump, I would think it has just sharpened the game, so at least the last four years and tarrifs haven't been for nothing.
The Chinese have obviously realised the game is up and will be spending a lot more on R & D IMO. So the U.S companies will have to pick up their game or it will be them that lose.
If Xi is correct and doubles China's economy in 5 years years, then if that equates to a doubling of the trade imbalance with the U.S, it will make for an interesting next U.S election.
The corona virus has certainly brought all this to a head, which in reality is a good thing, at least everyone is on the same page and can't bemoan the fact of not knowing.
Just my opinion.
Interesting article on the state of play in China.

Bloomberg - Are you a robot?

www.bloomberg.com
From the article:

Xi has previously used the trade expo to reiterate China’s commitment to economic openness and the global trading order. During the first event in 2018, Xi announced a plan to set up a Nasdaq-style stock board in Shanghai, in an apparent bid to encourage internal innovation and reduce reliance on U.S. technology. The Star board has since emerged as the main listing venue for China’s leading tech companies, with Ant scheduled to make its debut there this week before the IPO was pulled.

Xi’s speech on Wednesday evening in Asia would be hours after polls close in the U.S. While he usually avoids overt references to the U.S. or its leaders, he took a veiled swipe at President Donald Trump’s “America First” policies at last year’s expo, saying “we need to tear down walls, not to erect walls.” Democrat Joe Biden, a past proponent of engagement with Beijing, has adopted a more critical tone during the campaign and pledged to enlist allies to a more coordinated effort to check China’s rise.
China has been seeking to use the import expo to showcase its demand potential for quality goods and services and bring in foreign direct investment. Multibillion-dollar purchase deals have been signed at previous trade fairs, although many haven’t materialized. The coronavirus pandemic has made it difficult to honor some of the contracts signed last year.
 
Quick breakdown of u.s gdp with effects:

555555.jpg

There's obviously a typo - 2nd last box should be 2020.
 
It was more a dig at another member that was utterly convinced that sweden had solved everything and everyone else should just be copying them ;)


Anyways, european companies are now starting to get the jitters:

435435643.jpg


I'm kind of surprised that they even ordered them in the first place. They clearly spoke to absolutely nobody RE: what's going to happen with the virus & europe's winter. Even children know that winter is a far, far, FAR more infectious environment than summer.

Unless they're up to some other play that I'm not privy to, ordering jets looks like utter lunacy.
 
sptrawler said:
There is obviously more to this virus, than they are letting on.
Click to expand...
Fully agree but not in the way you mean, there is no real medical scientific issue there.so few people die of it it should be laughable.but the way the government goes to "protect" us is unsettling.
That thread should be renamed the economic implication of the covid19 reaction.it is different in that all this mess can be either blamed onto someone, stopped or carried on at will.
"We" decide a fake vaccine is released with 75pc protection aka a placebo,make it mandatory et voila, miracle, all is good, the australian icu are relieved and the economy reopen,people can check again voting ballots or travel again,...how to put that into your market charting
 
qldfrog said:
Fully agree but not in the way you mean, there is no real medical scientific issue there.so few people die of it it should be laughable.but the way the government goes to "protect" us is unsettling.
That thread should be renamed the economic implication of the covid19 reaction.it is different in that all this mess can be either blamed onto someone, stopped or carried on at will.
"We" decide a fake vaccine is released with 75pc protection aka a placebo,make it mandatory et voila, miracle, all is good, the australian icu are relieved and the economy reopen,people can check again voting ballots or travel again,...how to put that into your market charting
Click to expand...
We have said this since the beginning, the truth will come out eventually, whatever it is. :xyxthumbs
 
Infection rate rapidly escalating in US. Hospitalizations and deaths following . Little if any chance of changes in public policy practices before the end of January. At some stage the impact on hospitals and public health will be critical. Effect on economic situation ? :2twocents
 
Depends on the part of the economy.

The northern hemisphere shuts down a LOT in winter anyway on account of the snow. I suspect the cold's going to mean far more deaths though.

Ski resorts etc can pencil in a lost season.
 
Junior said:
Leading causes of death in the US, in 2020 (so far). Winter hasn't even begun yet.

View attachment 114260
Click to expand...
death with covid or death from covid.....also you will not unexpectedly find a surge of cancer death next year all caused by Covid...lockdowns and scare tactics, this is happening right now everywhere, undiagnosed and treated too late, will they be added as covid death?
anyway, this, GW , Trump election frauds, the reset is there...buy more FB shares
 
6984.jpg

Oil consumption is loooow and the world has capacity to produce/supply at a rate far higher than is being burnt at the moment, so all the storage tanks are brimmed whilst vanishingly little is actually being pumped.
 
No need for fuel or a new car, if you are in lockdown, gives all the manufacturers breathing space to re adjust for BEVs.
No demand, no production, very little loss.
Re tool and readjust for a n expected ramp up in demand, for a different product.
Just my opinion.
 
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