Most people are aware the Wuhan coronavirus has become an economic contagion within China. However, the scale of the contraction is only now being quantified and the data doesn’t match the visible reality.
When evaluating the data showing drops in exports from China is worthwhile to consider the lack of visible supply-chain disruption formerly predicted by global economic “analysts”.  According to Reuters; to the extent data can be gathered from within a closed communist system; total exports from China dropped 17.2% in January and February.

The lack of factory production has cut the estimated growth rate within China by half.  However, is that a cause?  – or – Is that a cover?  For decades corporations have moved to a supply chain process known as Just-In-Time (JIT) inventory.
If Chinese component manufactured goods were part of a critical corporate supply chain, and with more than 30-days of source disruption quantified, there would be impacts by now. Where are the crippled customers?  There are no measurable, demonstrable, citations for missing component parts making downstream finished goods impossible.  There are lots of anticipatory declarations, but no shortage has materialized.
(more…)

Earlier today Vice President Mike Pence and the COVID-19 task force held a press briefing to update the media on the latest developments. VP Pence notes tests delivered to the cruise ship “Grand Princess”, anchored and holding off the coast of California, have resulted in 21 persons testing positive (19 were crew members).
Additionally, in a private-public contract agreement, private medical testing companies Quest Diagnostics and Lab-Corp will be assisting the government with rapid test manufacture and distribution.  [CDC Website Here]

.
The White House Coronavirus Task Force includes: Vice President Mike Pence; Ambassador Debbie Brix, White House Corona Virus Response Coordinator; Secretary Alex Azar, Department of Health and Human Services; Dr. Robert Redfield, Director, Centers for Disease Control and Prevention; Dr. Anne Schuchat, Principal Deputy Director, Centers for Disease Control and Prevention; Dr. Stephen Hahn, Commissioner of Food and Drugs, Food and Drug Administration; Dr. Anthony Fauci, Director, National Institute of Allergy and Infectious Diseases.
(more…)