#120313
Re: Farmas USA
Coronavirus Outbreak: 5 Positives No One Is Talking About
Bret Jensen The Biotech Forum
We Are Not Europe!
The first thing we should be grateful for is we are not Europe, where the outbreak is much, much worse. Italy alone has more than 10 times the confirmed cases than that of the U.S. and has had nearly 200 confirmed deaths from the virus as of this morning.
Part of the reason for this is our country severely restricted all travel to and from China on January 31st for which the administration was called xenophobic, racist and overreacting by a good part of the press and DNC leadership. Hindsight being 20/20, this action probably at least delayed the outbreak here in the States if not mitigated it significantly.
The situation in Europe also could get much worse if Turkey follows through on its threats to no longer prevent the four million Syrian refugees living in their country from trying to get to the European Union. In addition, the Federal Reserve already cut rates by 50 basis points and still has some room to cut more, if necessary. Most of European sovereign debt already has negative rates, so their central bank has less "ammo" it can deploy.