The Coming Supply Crunch

As a general rule, the most successful man in life is the man who has the best information

by Richard (Rick) Mills
Ahead of the Herd

As I write and you read, the world economy is getting pummeled, one blow after another, by demand destruction, as economies grind to a screeching halt due to unprecedented restrictions on economic and social activity owing to the relentless spread of the covid-19 coronavirus.

Since the virus began spreading its spiky particles across the globe, starting in the central Chinese city of Wuhan, then migrating via airplane travel to other Asian countries, Europe and North America, mines have closed, factories shut down, office buildings abandoned, storefront shops, restaurants and bars all locked and boarded up.

As of this writing, the number of coronavirus cases worldwide had surpassed 1.3 million, the grim death tally running over 73,000.

In the United States, the national health emergency threatens to further overwhelm its already over-taxed medical system, as front-line health workers, forced to work without proper protective equipment, risk their lives and an increasing number fall victim to the respiratory disease.

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