Food Chain Disruptions

[errolanderson]

George Orwell’s 1984 may be taking on a ‘whole new meaning’ . . . .

With a gradual spread of coronavirus globally, food chains will be impacted. There is already a small Italian town in lockdown. And countries like Sweden importing 90 percent of their food from Southern Europe are at serious exposure. There may be a race to fill freezers.

To me, a food distribution problem will be a tipping stone for markets and economies. Central bankers can’t manipulate this situation. Gold is now rocketing on investor fear. Stock markets again saw record highs this week oblivious of food chain risks and impact on the economy (IMO). To say investors are blind and greedy is a huge understatement.

Now data released yesterday shows U.S. PMI manufacturing in decline and contraction (recession), with weakness in service industry. This weakness began long before coronavirus (IMO), now this . .. The USD took a heavy hit yesterday on newfound reality yesterday.

So where do markets go now?. . . . next week? . . . next month?

[ajl]

Right now the hope and prayer is for prevent plant to keep us from having huge unmanageable surpluses in NA of ag commodities. I think this will materialize. The Dakota's will not plant all the forecast corn and there will even be prevent plant around Edmonton here with a combination of lots of snow, unharvested crops and empty bank accounts making too wet to seed attractive. A slowdown in the US is likely this year combined with global economy being in permanent recession. However, shorting the US market will continue to be perilous because where is all the new central bank cash around the world going to go? Markets the past couple of weeks have had to absorb all the new cash from the PBOC which resulted in some calls that I sold getting exercised so no short side gains there.

[errolanderson]

Right now the hope and prayer is for prevent plant to keep us from having huge unmanageable surpluses in NA of ag commodities. I think this will materialize. The Dakota's will not plant all the forecast corn and there will even be prevent plant around Edmonton here with a combination of lots of snow, unharvested crops and empty bank accounts making too wet to seed attractive. A slowdown in the US is likely this year combined with global economy being in permanent recession. However, shorting the US market will continue to be perilous because where is all the new central bank cash around the world going to go? Markets the past couple of weeks have had to absorb all the new cash from the PBOC which resulted in some calls that I sold getting exercised so no short side gains there.

ajl, we have been in new economic waters for several years now with central banks shielding investors from reality. Markets were already heading into debt crisis mode before corona, now this . . . . Food chain disruptions are inevitable. The question now is; what will be inflationary? . . . what will be deflationary? This will depend on demand, which will depend on transportation and Human Resources.

Have been in contact with Italian economist this morning. In his view, fallout will hit Italy hard within 2 months. Sweden contacts are concerned.

I was told ‘point blank’ this week; stocks markets can’t come down . . . What a bubble and bubble talk . . . .

[biglentil]

ajl, we have been in new economic waters for several years now with central banks shielding investors from reality. Markets were already heading into debt crisis mode before corona, now this . . . . Food chain disruptions are inevitable. The question now is; what will be inflationary? . . . what will be deflationary? This will depend on demand, which will depend on transportation and Human Resources.

Have been in contact with Italian economist this morning. In his view, fallout will hit Italy hard within 2 months. Sweden contacts are concerned.

I was told ‘point blank’ this week; stocks markets can’t come down . . . What a bubble and bubble talk . . . .

Strong Language Caution
https://mobile.twitter.com/KarluskaP/status/1230714279155757056 https://mobile.twitter.com/KarluskaP/status/1230714279155757056

[jazz]

Have been in contact with Italian economist this morning. In his view, fallout will hit Italy hard within 2 months. Sweden contacts are concerned.

We have known for quite a while that Italy will be the catalyst to bring down the EU, Spain in there too and there is fresh talk of France exiting just like UK did. With Germany trying to prop itself up on Chinese trade they too are wading into uncertain waters.

The whole system may unravel but I am betting the US is still standing after it all. Canada is road kill, our only saving grace is due to security, Trump take us over.

[Guest]

strong language caution
https://mobile.twitter.com/karluskap/status/1230714279155757056 https://mobile.twitter.com/karluskap/status/1230714279155757056

everyone , listen to this !!!!!!!!!!!

[furrowtickler]

George Orwell’s 1984 may be taking on a ‘whole new meaning’ . . . .

With a gradual spread of coronavirus globally, food chains will be impacted. There is already a small Italian town in lockdown. And countries like Sweden importing 90 percent of their food from Southern Europe are at serious exposure. There may be a race to fill freezers.

To me, a food distribution problem will be a tipping stone for markets and economies. Central bankers can’t manipulate this situation. Gold is now rocketing on investor fear. Stock markets again saw record highs this week oblivious of food chain risks and impact on the economy (IMO). To say investors are blind and greedy is a huge understatement.

Now data released yesterday shows U.S. PMI manufacturing in decline and contraction (recession), with weakness in service industry. This weakness began long before coronavirus (IMO), now this . .. The USD took a heavy hit yesterday on newfound reality yesterday.

So where do markets go now?. . . . next week? . . . next month?

Just wait till they try to shut down fossil fuels ..... this is just the tip of the “iceberg” .
Those big ocean ships and trains don’t run on unicorn piss .
Sweden the climate champion and other food importing nations will be screwed .....but hey they will get what they wish for

[jazz]

everyone , listen to this !!!!!!!!!!!

What is he exactly taking about? Trump? US resurgence? Rewriting global economics? Trade? End of central bank shenanigans?

[macdon02]

everyone , listen to this !!!!!!!!!!!

He's not saying anything other then the end is here. I suspect he's selling physical gold, not buying. Giant red flag is display of emotion. Trying to get everyone on board is a sales pitch. If it ever comes across that you are missing the boat, chances are your missing nothing but getting fleeced. He's selling fear. "It's not what you don't know that'll kill you, it's what you know for an absolute fact that'll do it"

[malleefarmer]

The man who died in Veneto, for example, did not meet the main risk factors for the virus when he was diagnosed with pneumonia two weeks ago: he hadn’t traveled to China or come into contact with anyone who did. Therefore, the ill man wasn’t originally tested for the virus.

Internet of course but seems legit has to be a Chinese link somewere inadvertently

Australia were I live hot and dry viruses struggle but not so northern aust were climate way different