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Old February 27th, 2020, 08:21 AM
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Default Power Grab + Economic Destruction By Leadership Using The Coronavirus Pandemic?

Power Grab + Economic Destruction By Leadership Using The Coronavirus Pandemic?

Excerpt: Earnings growth for U.S. companies will be stagnant in 2020 as a result of the coronavirus, according to Goldman Sachs.

The Wall Street firm revised its earnings estimate for the year to $165 per share from $174 per share, representing 0% growth in 2020. That is a dramatic move from the consensus. Forecasts still expect earnings to climb 7% this year.

“US companies will generate no earnings growth in 2020,” Goldman Sachs chief U.S. equity strategist David Kostin said in a note to clients on Thursday. “We have updated our earnings model to incorporate the likelihood that the virus becomes widespread.”

- cnbc.com

With the slow down in production for the supply chain, products will become fewer, making them more desired and more expensive. Also with this virus, people will stay indoors more and not want to be in large population centers... even not wanting to go to work.

It's interesting that many of our supply chains; such as Amazon and Walmart sell products online and deliver directly to the consumer, making it easier for people to not want to leave their home. This in-home lifestyle has been made available for sometime now and it appears that that will payoff for those companies who offer these direct to home-consumer options.

On another note if products become more expensive and the US dollar continues to weaken (less purchasing power) then things could get worse as people go broke simply trying to buy basic food stuffs in an inflated market.

Also note less availability of food and other basic items that there will be much less donated to help the needy and the homeless. Those people will become desperate and crime rates among the low income sectors and those who have even less will certainly go up.

UPDATE 03/16/20:

Millions Of Americans Can Lose Their Jobs With Cornavirus Disaster

IMF Ready To Loan 1 Trillion

What a perfect scenario for the IMF to offer loans. This is a common theme.

Retail Stores Closing

Companies Ending Production Of Products

Could US Supply Chain Be Monopolized By Three Companies During Coronavirus Episode?

Excerpt: Cramer pondered the possibility of the already dominant Amazon-Walmart-Costco trifecta being the only games in town. “If it comes out that those are the three, can you imagine what it means for this country to just have three retailers?”

As many smaller retailers and mom-and-pop shops struggle to keep their doors open, Amazon, Walmart and Costco are thriving on a surge in demand from consumers who need the essentials to run their homes.

- cnbc.com

The realty of Coronavirus being a bio-weapon---> Is The Coronavirus A Man-Made Bio-Weapon?
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