“Fear is the mind-killer.” Or in this case the economy-killer.
China killed its manufacturing sector temporarily. Leads to the above. People see empty shelves and availability dates on Amazon that are months out and suddenly it’s real to them. So consumers stop spending at a time when corps and businesses are stuffed to the gills with debt.
By the time China gets its factories ramped back up there will be lots fewer businesses ordering lots less stuff because consumer demand is in the toilet which has driven a true retail and wholesale apocalypse.
Everyone now has debt service problems.
So layoffs, lower demand again, downward spiral.
This will blow up the derivatives market, which in turn will blow up the banks.
I’ve been looking for this. The dominos are now falling.
If you’re not prepped now you ain’t gonna get there.
Good luck everyone.