Fed warns virus poses 'new risk' to global growth, markets | Metals Mine

  • Fed warns virus poses 'new risk' to global growth, markets

    From bnnbloomberg.ca

    The Federal Reserve Board said that the coronavirus outbreak presented a “new risk” to the economic outlook for the U.S. and warned of disruptions in global markets. “Because of the size of the Chinese economy, significant distress in China could spill over to U.S. and global markets through a retrenchment of risk appetite, U.S. dollar appreciation, and declines in trade and commodity prices,” the U.S. central bank wrote in its semi-annual report to Congress released on Friday in Washington. “The effects of the coronavirus in China have presented a new risk to the outlook.” The coronavirus has claimed ... (full story)

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Foxikus
Feb 8, 2020 8:42am
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Quoting ogbrugger
Foxikus dont believe them, the gov are keeping this on the low down, They lied about this from the very start man, do the maths, only 100 infected at the " start " but all hospitals where full? with only 100 cases? such obvious lies from the chineese dude, i would be very worried now that we know its being covered up, the true severity. no big banks will be able to save this water fall when things get bad, this aint even the start boys... when China shuts down the whole global economy basically goes into a mini rescission , and with things...
Trust me, no government in the world tells its citizens the truth, they just say what suits, what they don't mask, adjust as needed. whether it is America, China, Russia or Germany. in this, all governments behave in the same way
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ogbrugger
Feb 8, 2020 6:46am
Permalink
Foxikus dont believe them, the gov are keeping this on the low down, They lied about this from the very start man, do the maths, only 100 infected at the " start " but all hospitals where full? with only 100 cases? such obvious lies from the chineese dude, i would be very worried now that we know its being covered up, the true severity. no big banks will be able to save this water fall when things get bad, this aint even the start boys... when China shuts down the whole global economy basically goes into a mini rescission , and with things getting worse, it looks like it really is about to start this week.
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noza
Feb 7, 2020 10:44pm
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After everyone on selling then big banks will take stop loss with spikes then running on bull... Trade safe guys.
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Foxikus
Feb 8, 2020 6:35am
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https://twitter.com/Tssomas/status/1225809838963396608


virus survives 9 days without a host, but be calm, apparently nothing happens, such a lighter flu
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flockofpips
Feb 8, 2020 8:35am
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Quoting Manudatinh
{quote} It just popped up when he was dropping! LOL
These are people we hate in forex... Rumor carriers they make fundamental so difficult sometimes
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renkotop
Feb 8, 2020 7:28am
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Quoting afevir
I have heard that they will expand the quarantine to 100 million Chinese
afevir, Where did you hear that?
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Bones
Feb 9, 2020 3:23pm
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thats true ,it's mainly because it spread's by water droplets and they stay in the air longer in colder weather. also you're likely to be more healthy in warmer weather generally.

Quoting Breza
Hopefully, spring and warmer weather will reduce the epidemic, at least this is the case with the common flu.
Attached Image
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afevir
Feb 8, 2020 7:09am — Edited
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Do you think this is deodorant?
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RossEdwards
Feb 9, 2020 7:45am
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Since the best informed professional international epidemiological advice suggests that the data at this point is still just too incomplete, fast-changing and unreliable to fully project how serious this virus is, its very difficult to assess the risk it represents both to China and other major economies,
Given that the Chinese are the ones with most data, what impacted me as an analyst was to see the extent to which the PRC are going to slow its progress. Locking down 50-100mio people with all its social economic and political consequences doesn't come easy to a regime notorious for denial. Unless they think is really serious, then why have they taken such draconian measures.
I confess that single metric makes me quite cautious about writing down Coronavirus as another SARS, and about where this is going and what the market consequences will be.
Just a Thought.
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sadeghi
Feb 8, 2020 12:28pm
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guys, don't let them play your emotions, there is nothing new, they wanna another crash and then they will be bullish after you be fooled.
china is gonna restart economic activities at 10feb.don't be easily impressed.
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afevir
Feb 8, 2020 5:14am
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I have heard that they will expand the quarantine to 100 million Chinese

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afevir
Feb 8, 2020 6:52am — Edited
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just look at how the market fell after the Chinese lunar year party, if we know it was the beginning, let's calculate how far it can fall

We are all seeing how airplanes spray with products for the virus, etc ... that is because the virus permeates things, which is a danger even for the products we buy imported from China, if it remains on the objects who will buy them ? imports will fall sharply
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Breza
Feb 8, 2020 3:26pm
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Hopefully, spring and warmer weather will reduce the epidemic, at least this is the case with the common flu.
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Manudatinh
Feb 8, 2020 7:53am
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Quoting renkotop
{quote} afevir, Where did you hear that?
It just popped up when he was dropping! LOL
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ogbrugger
Feb 7, 2020 9:53pm
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Hope everyone is holding Shorts on the S&P over the weekend.. gonna be a big blood bath on monday / next week. now the fed is giving the warning, will be a hugeeee sell off
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