Coronavirus is the Black Swan Feared by Markets

As posted to the Peak Prosperity YouTube Channel on January 28, 2020

(Run time 8 min 30 sec)

In Update #5, with regards to the Wuhan New Coronavirus (offially “2019-ncov”), Chris Martenson suggests that the Coronavirus has all the hallmarks of a true Black Swan event. In addition to presenting a major public health risk, the Coronavirus is already doing serious economic damage.

China, the world’s second-largest economy, is essentially “closed for business” right now. The disruption to global trade the Coronavirus is likely to cause is going to be material, perhaps severe. And that will have serious negative consequences for the financial markets, which have been (and is still!) trading at the highest valuations in history.

(This is Blog Post #709)

Chris Martenson, is a former American biochemical scientist and Vice President of Science Applications International Corporation. Currently he is an author and trend forecaster interested in macro trends regarding the economy, energy composition and the environment at his site, www.peakprosperity.com.

About the Author: Roger Rossmeisl, CPA

Roger Rossmeisl, CPA, brings over 40 years of experience helping small business owners who have outgrown their current CPA firm and larger companies seeking responsive, cost-effective solutions they’re not receiving from their current CPA Firm. He goes beyond tax compliance, explaining the “why” behind the numbers and their impact on cash flow and other decision making. An avid follower of federal monetary policy, Roger adds insight into how government actions affect business and wealth. With a niche in franchised new vehicle dealerships, he has served over 100 franchise stores and groups through decades of evolving IRS rules and legislation.

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