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Goldman Sachs warns over coronavirus supply-chain inventory risk from China

Goldman Sachs is warning that the coronavirus outbreak in China will have a larger drag on 2nd quarter growth and that the “risks are clearly skewed on the downside”:

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The risk is what happens to manufacturing around the world, including the U.S., when inventories run out:

A “non-linear” drop means like when you fall off a cliff:

Companies are already seeing this happen:

Long term, this may shift manufacturing away from China (and hopefully to the U.S.):

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With new hot spots in Iran, Italy and South Korea, is it already a pandemic? From Vox:

TL;DR? Yes, it’s a pandemic . . . but don’t panic. Yet:

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Oh, and keep your eyes on the Olympics:

To be continued. . .

***

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