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Note: This report was originally published on March 29th onValue Investor's Edge, a Seeking Alpha subscription service. Nothing has been changed from the original version.
Overview
As I write, the US has just overtaken China for the most reported cases of Coronavirus. Several US states are on lockdown, and here in California, we are preparing for an indefinite period of time.
Medium-term economic activity will suffer and a short-term global contraction has already hit with potentially long-term consequences for the world at large.