Coronavirus growing exponentially outside of ChinaThe growth rate of infections is now exponential outside of China. South Korea, Italy, and Iran are seeing the highest increase in infections. It’s out of control in South Korea. Commerce in Northern Italy is effectively shut down. Japan, Singapore and Hong Kong still are losing the battle. And of course China continues to be a complete mess.
At this rate within the next 7 days this will no longer be primarily a China problem but truly a global problem with Asia and Europe in a full pandemic. And does anyone have any doubt this virus is already entrenched in Africa. When will this be out of control in North America?
Oil prices are being set up to get crushed this coming week with further declines in the subsequent weeks as global commerce shrinks significantly. Energy companies need to go into survival mode. JMHO. GLTA. I’ve been spot on so far. Don’t doubt me now.