Subtract their immense debts and they have negative net worth, and therefore the market value of their stock is zero.
Source – oftwominds.com
– “…Everyone expecting the financial markets to magically return to January 2020 levels once the pandemic dies down is delusional. All the dominoes of crashing market valuations, crashing incomes, crashing profits and soaring defaults will take down all the fantasy-based valuations of bubblicious assets: stocks, bonds, real estate, bat guano, you name it….The global financial system has already lost $100 trillion in market value, and therefore it’s already insolvent”
The Covid-19 Dominoes Fall: The World Is Insolvent – By Charles Hugh Smith
Subtract their immense debts and they have negative net worth, and therefore the market value of their stock is zero.
To understand why the financial dominoes toppled by the Covid-19 pandemic lead to global insolvency, let’s start with a household example. The point of this exercise is to distinguish between the market value of assets and net worth, which is what’s left after debts are…
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The Most Revolutionary Act 
Do not listen to conspiracy theories or factoids. It is serious. 86 percent of the people, who already heve the virus in the USA, do not know they have it. It can kill babies and toddlers as well. If you value your loved ones hunger down, and help slow down the deadly virus’s transmission.
How dangerous is a coronavirus infection?
Usually coronavirus illnesses are fairly mild, affecting just the upper airway. But the new virus, as well as both SARS and MERS, are different.
Those three types of betacoronaviruses can latch onto proteins studding the outside of lung cells, and penetrate much deeper into the airway than cold-causing coronaviruses, says Anthony Fauci, director of the U.S. National Institute of Allergy and Infectious Diseases in Bethesda, M.D. The 2019 version is “a disease that causes more lung disease than sniffles,” Fauci says.
Damage to the lungs can make the viruses deadly. In 2003 and 2004, SARS killed nearly 10 percent of the 8,096 people in 29 countries who fell ill. A total of 774 people died, according to the World Health Organization.
MERS is even more deadly, claiming about 30 percent of people it infects. Unlike SARS, outbreaks of that virus are still simmering, Fauci says. Since 2012, MERS has caused 2,494 confirmed cases in 27 countries and killed 858 people.
MERS can spread from person to person, and some “superspreaders” have passed the virus on to many others. Most famously, 186 people contracted MERS after one businessman unwittingly brought the virus to South Korea in 2015 and spread it to others. Another superspreader who caught MERS from that man passed the virus to 82 people over just two days while being treated in a hospital
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Thanks for the detailed information, Gene. I think a lot of people are becoming quite concerned about the economic impact of COVID-19, especially as governments order the shutdown of “hospitality” type businesses.
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