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Big League Economics

Coronavirus Stock Market Tank is Biggest Since 2008

The plunge was fueled by new reports of the virus spreading globally.

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The stock market has been sent reeling for a second straight day amidst reports of a growing Coronavirus pandemic, with the loss in stock value being the greatest two-day decline since the financial crash of 2008.

The S&P 500 index declined by more than 3% on Tuesday, closely followed by the Dow and NASDAQ. The decline in stock prices seems primarily fueled by new reports of the Chinese Coronavirus’ global spread. The disease is beginning to enter widespread circulation in countries such as Iran and Italy, the latter of which has been hardest hit by the viral disease in any country outside of Asia.

Trump administration officials are reassuring the public about the containment of the viral disease, hoping to shore up the decline in stock prices by encouraging discounted investment in the market.

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Markets plunged immediately when officials of the Center for Disease Control were quoted as saying a genuine spread of the pandemic to the United States was “inevitable.” The governmental agency then went on the walk back the claims.

The coronavirus has directly affected the American economy by putting an effective freeze on imports from China, shutting down trade and exchange of goods in the pandemic’s epicenter. The implications of the disease on the American economy have led some commentators to question the wisdom of closely linking American markets to the authoritarian Communist nation, where the response to the disease has been heavily criticized for a lack of transparency.

As the virus appears to be picking up steam globally, it may seem that health officials are finally getting the better of the epidemic in China. New diagnoses of Coronavirus in China have decreased significantly over the past week.

The human suffering caused by the disease obviously remains the most pressing issue at hand. The economic implications will prove less lasting, and the decline in stock prices may present an opportunity for financial investment.

Big League Economics

Goldman Sachs Claims Forcing Americans to Wear Masks Would Save U.S. Economy $1 Trillion

Multinational corporations want Americans to submit to the virus regime.

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Corporate titan Goldman Sachs has produced research that contends the U.S. economy would save five percent of GDP, or $1 trillion, due to a national mask mandate using federal force to make people wear masks.

“If a face mask mandate meaningfully lowers coronavirus infections, it could be valuable not only from a public health perspective but also from an economic perspective because it could substitute for renewed lockdowns that would otherwise hit GDP,” the researchers wrote.

Goldman’s analysts claim that forcing people to wear masks at the federal level would impact states like Florida and Texas, where masks are not mandatory, and “meaningfully” increase mask usage nationwide. Even though the mandate would be grossly unconstitutional, Goldman apparently believes that the ends justify the means.

They estimate that a mask mandate would increase mask usage overall by 15 percent and cut the daily growth of new coronavirus cases by between .6% and 1%. Goldman is fueling the false dichotomy where the public must to accept either a strict mask mandate or a Draconian shutdown of society. They claim that the next lockdown would take an additional $1 trillion out of the economy.

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Former Vice President Joe Biden, who is attempting to unseat President Trump in November, has stated that he would use federal power to force Americans to wear masks.

“Yes, I would—from an executive standpoint, yes, I would . . . I would do everything possible to make it a requirement that people had to wear masks in public,” Biden mumbled last week.

The stage has been set for round two of the coronavirus panic to cripple society, even though the establishment has been encouraging Black Lives Matter pogroms against white people simultaneously.

Big League Politics has reported on the so-called experts as they have kept the fear propaganda going despite the immense hypocrisy:

The Centers for Disease Control and Prevention (CDC) are continuing their fear-mongering about the coronavirus pandemic, desperately trying to dissuade Americans from living their lives.

“Right now, communities are experiencing different levels of transmission occurring, as they gradually ease up onto the community mitigation efforts and gradually reopen,” the CDC’s deputy director for infectious diseases, Jay Butler, said to reporters during a press briefing on Friday.

“If cases begin to go up again, particularly if they go up dramatically, it’s important to recognize that more mitigation efforts such as what were implemented back in March may be needed again,” he added.

Butler emphasized that the “pandemic is not over” and urged localities to re-institute Draconian shutdown policies based on “what is happening within the community regarding disease transmission.”

The CDC has displayed an extreme amount of incompetence throughout the pandemic, which has destroyed their credibility and made them into a national laughingstock.

The establishment will never allow normalcy to return. The Orwellian nightmare, enabled by COVID-19 hysteria, is here to stay.

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