The situation is very fluid.
Sales at luxury goods stores, once the largest category, collapsed by 86% since their peak in 2013-2014.
Madrid area hospitals were forced into wartime-triage, denying care to the elderly in order to give the young a better chance.
“We are preparing for the possibility of further reductions to our schedules as the virus spreads.”
The charts are brutal.
Everyone is trying to figure out how to get around the sudden hurdles.
The coronavirus is just the latest in a long series of issues successfully brushed off as irrelevant because all that mattered was that stocks went up.
At first the protests and now the coronavirus collide with the World’s Most Expensive Property Market.
It’s not only Chinese tourists, business travelers, and property buyers who’re not showing up, but also travelers from all over the world who’ve gotten second thoughts about sitting on a plane.
These days, markets forgive and forget anything except the suspension of share buybacks. Shares dive.