Tuesday, February 25, 2020

The Decline--The Virus--The World

Yonhap/EPA, via Shutterstock
Here we go------

The stock market was down over 1,000 points yesterday and is poised to continue finding a new bottom number in the days ahead. The morning numbers suggest a small bounce this morning in pre-market trading, but the outlook is not good, for the short term.

What we are seeing is the interconnectedness of the world economies which are in the early stages of being ravaged as a result of the coronavirus. 

Stock markets stabilized a day after coronavirus fears pulled them down worldwide. - The New York Times

U.S., South Korea may scale back military training over coronavirus concerns - OAN

The markets in Asia were down, probably as a result of yesterday's U.S. freefall, but the European markets stabilized. What the day brings here in the U.S. remains to be seen.

What does this mean? We live in a world that is connected--the virus is traveling, the world economies are connected, industrial production is interdependent. Being an isolated country, completely self-dependent and separated from the world is no longer possible. 

We are connected with the world and we need to understand what that means and as a country work within that paradigm for the good of both our country and the world!

-- Bob Doan, Elkridge, MD

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