by Karl Denninger
Market-Ticker.org
First and foremost, the screech owls are still ruling the day. Doom sells, in short.
This doesn’t mean that this virus isn’t bad news. It is. It is especially bad news if you live in a turd-world nation or a part of a nation that is turd world.
Let me define turd world nation: Any place that does not have “White Man Sanitation” and in which there are moderate or high densities of people on a transient or (much worse) all-the-time basis.
Iran has a problem with the virus near Qom. Big shock — not. Iran is full of squat toilets and Qom is a pilgrimage site so it is also full of people in close proximity. Oops.