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DavoMagic

17,025 Posts.

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23/03/20

23:28

Post #: 43657584
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Originally posted by thorburn: ↑

If global growth is -10% or thereabouts in the second quarter, and probably the rest of the year, China has two major problems. It's markets are drying up and it still have a huge number of displaced unemployed. If they are honest and don't fiddle the books (I'm joking of course) China could have it's first offical quarterly GDP under 3%. More likely and realistically it's the other side of 0%

No one will get an advantage out of this. In the end the cost of this pandemic will be incalculable and China too is to pay a heavy price.

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China only has one problem and one enemy which is the same enemy of all of us, the common enemy, the banks and elite of USA, market futures back up to protect them just kills main street even more and marks the hole long term deeper
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