The Atlantis Report
Premiered Mar 11, 2020
The economy is on the verge of another mega-recession/depression. The Dow Crashes Into Bear Market. This is the fastest drawdown from a peak into a bear market in history. Around the world, factories have gone offline, schools have been suspended, and entire cities have been locked down. The stock market and the economy are going down like the titanic. This is now about the economy. The world economy is not slowing down. It has literally come to a screeching halt.
Manufacturers in China report operating at 50 percent capacity, with 56 percent of normal staff. Supply disruptions are already occurring at the ground level. Almost 75% of companies have reported supply chain disruptions, according to a new survey released by the Institute for Supply Management (ISM). The real exposure is companies with no real assets to weather this storm. So much debt, so much just in time cash flow. Companies that have been around for decades but can't survive a two-month revenue interruption. Tourism industry worldwide collapsing.
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