Originally Posted by
pontificator
Italians who bought up early should be able to ride this out to a point. Their death rate has gone exponential by the looks of things, is doubling every 48 hours now.
Now, onto the worldwide stock markets, they are being driven by sentiment and fear. As a result the markets are going down, quickly. Furthermore, OPEC and Russia appear to have entered a production war. With the Corona virus depressing demand due to shutdown factories, the price of oil has fallen significantly. However, there is more at play there, by continuing to produce oil in this climate both OPEC and Russia can keep the price depressed. If this is maintained, then all US oil shale producers will go bankrupt shortly; only months at best.
So, a comment by the adviser to Fore was that when the Share-markets fell past a certain point, they would never recover. I suspect we are not that far away from that happening. By reckoning on the dates concerned, I believe Fore probably circled back from about 2021 or 2023, either way, the States was done; and probably everywhere else.