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Flashermac

Markets fall as virus spreads around the world

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It's not the crash. If it was the markets would have dropped continually till the government shut it down. What could happen is the 'slow drip'. It trends down for a while. That's worse than a crash in some respects. 

What this could do is trigger the real one at some point especially as it heads into the summer. This happens along with some economic stat not looking good and it could get dicey. 

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What we have not heard much about is how this virus may affect North Korea. They do the most trade with China and can't afford to shut down the border of they starve. If the virus hits North Korea to any significance it could bring down the regime. Hyperbolic statement? Perhaps but they are already badly managed and have very little infrastructure to fight it. It hits NK hard enough, its a wrap. 

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Coronavirus: Could North Korea handle a Covid-19 outbreak?

...

North Korea claims its public health system is world-class. But international experts say it is appalling, with some hospitals even lacking electricity and running water.

Outside the capital, Pyongyang, there are no medical facilities to speak of, and there have been concerns that virus cases may be going undetected in rural areas.

On paper, North Korea provides free universal healthcare to its people at government-operated centres, but the system is said to favour the elite.

In NK News' "Ask a North Korean" feature, defector Tae-il Shim said that citizens had better treatment in the 1970s and 1980s under Kim Il-sung, the nation's founder.

"North Korean unpreparedness to deal with a pandemic could undermine regime rule and create internal instability," said Kevin Shepard, a defence policy analyst, in an article on NK News.

In 2019, North Korea was ranked amongst the worst in the world in terms of preparedness for a disease outbreak, according to the Global Health Security Index published by US-based Johns Hopkins University.

Doubts have also been raised about North Korea's ability to test for the virus - even though state media have reported on factories producing test kits, facial masks and disinfectants.

Furthermore, sanctions have restricted North Korea's ability to obtain advanced medical equipment.

Even North Korean leader Kim Jong-un admitted late last year that high-quality medical equipment was "badly needed" in the country.

...

https://www.bbc.com/news/world-asia-51624624

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