Dumb and Dumber, page-55

https://hotcopper.com.au/threads/coronavirus.5195448/page-12?post_id=42706215

As I posted on 3 February 2020.

Reposted from Thursday morning, worth reading, I think it got lost on the focus of the great quarterly results which is understandable. It is likely to mean a flight to safe-haven assets, USD, Gold. The implications for the Australian economy are dire, given that our biggest export sectors will be hit hard if the Coronavirus continues on its projected path, commodities, tourism and education (and real estate indirectly). Add to that the continuing drought and bushfires. I am in the US right now, and when I read the following at 2:00 AM in the morning (Wednesday night your time), I could not get back to sleep, it threw me for a loop. The US markets are priced to perfection and are hugely leveraged.I have been super bullish on GOR since 2014, it's an outstanding quality asset, it is possible that it could get caught in a downdraft, so be prepared if it does. Personally, nothing would make me sell GOR, but it could be a white knuckle ride as institutions scramble for liquidity where ever they can get it.DYO research, this is not investment advice, just pure speculation and conjecture.

A very timely research papers. I have included the highlights below, you can read the entire research paper here.
https://www.macrobusiness.com.au/wp-content/uploads/2020/01/Coronavirus_Impact_012820.pdf

Harvard-educated Chinese economist & former principal for the Carlyle Group in its hedge fund arm in New York City, Victor Shih, we believe the market is grossly underestimating the potential negative knock-on effects from the coronavirus outbreak in China.

the coronavirus pandemic is already larger, in just roughly one week's time, than the SARS pandemic was over the entirety of its lifecycle

the coronavirus outbreak will likely be much worse than the SARSpandemic given SARS was contained to 3 provinces (Guangdoung, Hong Kong, &Beijing), while the coronavirus has already spread to 25 provinces [link]) - air travel within China is ~8x more today vs. where it was during the SARS outbreak. In short, Mr. Shih's view, based on his work suggesting "hundreds of thousands" of potentially infected Wuhan residents left for Shanghai & Guangdong, the number of cases being reported in these economically important provinces (66 and 207, respectively) are likely "grossly" understated, suggesting the impact to growth, globally, will be much worse than currently implied by market valuations.