Could Coronavirus be The Pin that Pops The Everything Bubble ?!
Everyone was waiting for a black swan. This is it.
No one saw it coming, and it will (probably) trigger the worst economic depression in history — the epitome of a black swan event.
Even now that it's here still, few even see it because the infected are only in the thousands now, and people don't understand exponential growth. Every year 5-20% of people get the flu. This virus has the same contagious level as the flu or worse. 5-20% of the world is about to get a 'flu' that 5% of people die from.
China's economy is plummeting, and the country is still feeling the pain of the trade war with America. An outbreak of a new and deadly virus is the last thing The Chinese economy needed.
The Wuhan coronavirus — which has killed 56 people and infected nearly 2000 so far — has already roiled Chinese markets and thrown plans for the upcoming Lunar New Year holiday into chaos for millions of Chinese.
If Beijing does not succeed in containing the disease rapidly, it will cause more pain for a country that was already trying to ward off a severe recession by trying to encourage more consumer spending. An epidemic could have the opposite effect.
