As  posted to the Peak Prosperity YouTube Channel on January 28, 2020

(Run time 8 min 30 sec)

In Update #5, with regards to the Wuhan New Coronavirus (offially “2019-ncov”), Chris Martenson suggests that the Coronavirus has all the hallmarks of a true Black Swan event. In addition to presenting a major public health risk, the Coronavirus is already doing serious economic damage.

China, the world’s second-largest economy, is essentially “closed for business” right now. The disruption to global trade the Coronavirus is likely to cause is going to be material, perhaps severe. And that will have serious negative consequences for the financial markets, which have been (and is still!) trading at the highest valuations in history.

(This is Blog Post #709)

Chris Martenson, is a former American biochemical scientist and Vice President of Science Applications International Corporation.  Currently he is an author and trend forecaster interested in macro trends regarding the economy, energy composition and the environment at his site, www.peakprosperity.com.