Our society has become very complicated; Our supply chain is very complicated. So when you shut down big cities in China like they are currently doing, It could lead to economic collapse.
And obviously, when you look at how our economies are intertwined, and how they are depending on each other, It becomes pretty scary pretty quickly. When you have a situation in which the banks are very fragile and they take so big risks, any type of black swan event such as for example this coronavirus outbreak could be devastating to the banking sector both in China and in America. Our economies do not work in silos, they are all interdependent, so when something happens in one country it always affects everyone else, especially when it is a big country with a big economy such as China.
Whether you live in China or anywhere in the world, your life will be affected by this coronavirus, because all economies today work by supply chain, our world is extremely complicated, we are using economies of scale .
