E Ten Plagues

As of Friday, most markets are continuing their downturn over the plague of Covid-19 as new large and small outbreaks hit in more countries. There are locusts devouring east African crops. California and Australia suffered hail and firestorms. China suffered huge livestock deaths from swine flu. Rivers turned blood-red in Malawi and Indonesia last year. The slaughter of the first-born may be next, which means my husband, my daughter and me. We must free our slaves, if we have any.

China has again shifted its reporting criteria after an outbreak in prisons. As discussed below, a huge outbreak has hit South Korea. Israel and Lebanon each reported their first infections. 

“Something doesn't smell right.” Under that header, on Friday, BofA Global Research spelled out that global, and Asian growth momentum fell over US trade policy last year, well before the virus hit, and it was deeper and more persistent “than most pundits believe” (except BofA's that is.) It cited bad news from Chile to Germany, from China to emerging markets, all of which went into slowdown mode in 2019 over trade and tech wars. Job openings even fell in... Trumplandia, the USA, in Dec. and Jan.

Flying High

 *The latest risks in Boeing 737-Max planes is grit and debris in fuel tanks and a malfunctioning warning light, both which will further delay the Max's return to the air. I have a stock for that, and in case you haven't guessed, it is not Boeing (BA) itself. (I made my account manager for my US portfolio sell Boeing, easy to do as he's my son the Certified Financial Analyst.)

The winner is already showing take-off capacity as its earnings and revenues have been rising in the current year, which in this case ends March 31. The stock is from Montreal and makes flight simulators, devices used to train pilots. There is a huge backlog in pilot training for the Max, but delays will make it easier for our company to get ready for the relaunch, now likely to be late this year. It has a sideline in training medical personnel.

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Vivian Lewis 1 month ago Author's comment

to some extent that was also the case for Moses. But I am not going to do biblical prophesy. today I am writing about my first relatives in lockdown, my neice's parents in Turin. this thing is not reall a joke any more and the stock market is showing its fear Monday

Gary Anderson 1 month ago Contributor's comment

It is absolutely a fear because apparently people without symptoms are infecting people which means cities could be cut off the world over.

Gary Anderson 1 month ago Contributor's comment

Fascinating article. According to DNA I am not a firstborn son, but as an adopted son I am first adopted. Hopefully the plagues will back off but they certainly are a major threat to world prosperity, being amplified by the Genius in Chief's trade war and general worldwide slowing.