Coronavirus, US economy, and global financial crisis - Navagates broker review

Navagates broker scam? How events are developing, how they affect the financial market, and what can await us in the future, report the experts at Navagates broker.

Alas, the hopes, that the coronavirus is just a new wave of hype, and it will be forgotten in a week have not been realized. The number of infected and dead from coronavirus is growing every day. Countries close borders, stop flights. Several sectors of the economy are losing. Due to the production decline in China, the economy is slowing down all over the world, the price of oil has fallen. How events are developing, how they affect the financial market, and what can await us in the future, report the experts at Navagates broker.

How the Chinese government is increasing its influence on citizens due to coronavirus

When Barack Obama was the president of the United States, the head of his office Rahm Emanuel became famous for saying: "Never let a serious crisis go to waste: this is a chance you never had before." The point is that in the time of the crisis, the windows of opportunity that were previously unavailable open, and this is not a scam, explain the experts at Navagates broker. For example, large players, who could not cope with new realities, leave the market. Or vice versa, smaller participants are washed out and open the way to the new wave of globalization. The demand for new goods and services grows, and the old popular goods completely lose their value. The trade chains and business partnerships collapse, new ones arise. Entire states are dispelled by dust, and new ones appear in their place. Instead of skipping these opportunities, it's better to use them, say experts at Navagates broker.

It seems that the Chinese authorities liked this idea, suppose the experts at Navagates broker. This can be understood by the unprecedented number of cities that are completely quarantined and by restriction the movement of transport in the country, by the decline in industrial production and other unprecedented security measures, including citizens monitoring. It is also clear from the opportunities that the Chinese government is taking from all this.

It is difficult now to judge how effective the quarantine measures have been. The Chinese government daily reports that the number of new diseases is declining, mortality is declining, and the end of the epidemic is not far off. They assure that only strict quarantine measures and self-organization of Chinese citizens were able to stop the outbreak. But since we have been dealing with China for a long time, Navagates broker experts believe that there is always a big difference between what official Beijing reports and what happens. Navagates broker review still remembers how the Chinese authorities tried to conceal information about a new dangerous virus at the beginning of the epidemic. They surrendered only when the situation became threatening. There is no reason to think that now they broadcast only the truth on the air, not the Navagates scam.

An illustration of this was an article published in the British edition The Guardian by Wong Xiying from Wuhan. The author describes herself as a pessimist who is trying to find something good in forced quarantine. Among other things, she writes a lot about local chaos and the ongoing conflicts between regional authorities and the big bumps in Beijing. She also describes several cases of true heroism and even self-sacrifice among medical professionals. This sounds much more reliable than bravura official reporting, say Navagates broker experts.

Among all the information from China, the story of how the state tightens control over citizens using smartphones deserves special attention. According to the Navagates broker review, all citizens of China were forced to install a special application on their phones that tells each of them whether to go to quarantine, whether it is possible to use public transport, go to shops and visit other public places. Navagates review explains how it works. People register in the "Alipay health code" application and receive a color code - green, yellow, or red - which indicates their status. The green marker allows you to move around the country without restrictions. A person with a yellow code will be required to stay at home for seven days. Red code indicates two-week quarantine. Moreover, people with a red code who try to break the quarantine mode are forced to return home. After the potential carrier of the virus gets home, the door is sealed outside. Their neighbors are obliged to call the hotline and let them know if someone leaves the room.

Such a marker system has already been introduced in two hundred cities, and it is planned to expand throughout the country. There is an interesting video in the NYT message, in which metro guards check each passenger's color code at the metro entrance. It would seem a useful and convenient invention. After all, acute problems require tough solutions, and what could be more serious than a pandemic? Navagates broker experts have already mentioned that in the best case, it will take six months to restore the Chinese economy after the epidemic. At worst, recovery may drag on for 2-3 years. This is a lot of money, and for China, the pandemic is a severe factor.

The analysis of the application code shows that it contains not only real-time reports, whether a person can be a virus carrier. It also shares this information with the police. Thus, Navagates reviews, the state introduces a new form of control, which may persist even after the epidemic is over. In particular, the report very vividly describes how the police controls the movement of people with the red code in Wuhan. On the one hand, this is done under a good pretext: to stop the spread of the terrible virus. On the other hand, the virus will end, and the technology will remain, and it is unlikely that it will be possible to return to the previous level of freedom.

If such measures were limited only to China, the inhabitants of the rest of the world could not worry. But just a few days ago, the Israeli Prime Minister announced the introduction of such surveillance for the same purpose - the fight against a pandemic. Israeli citizens protest, but they could not achieve the success. It seems that this genie can no longer be driven into a bottle.

Chinese virus in Europe and general lessons

In mid-March 2020, the World Health Organization announced a pandemic. The Covid-19 virus escaped out of control. The exact number of cases is not known to anyone. The number of deaths from the new virus goes to thousands of people, and skeptics say that at least 5% of humanity will die out. But the center of the epidemic was not in Wuhan, China, writes Navagates forex. The center of the outbreak is in Europe, and more precisely - in the north of Italy, in Milan. It is unclear how it happened. The most prevalent version is the Milan seasonal sales, which traditionally attract by fashionistas from all over the world, including China. The rest of the European countries also suffered: one after another, the countries of Europe closed their borders and introduced quarantine measures inside.

There are several useful lessons that Europeans can learn from the Chinese. The first one is that trade chains are very fragile. If humanity continues to exist, in a couple of centuries, historians will be wondering how we have not noticed that the whole civilization is built on an incredibly complex and very unstable logistics system. It finally began to come to humanity that all the chains of uninterrupted production and timely delivery are as strong as their weakest link. And a huge number of these links are in China. If you doubt it, advises Navagates forex, go to the nearest Apple store and ask for a couple of branded headphones. Moreover, these supply chains never collapse gradually: they collapse unexpectedly, without warning.

Another lesson that coronavirus can help us to learn is the unexpected toxicity of social networks. On February 19, a group of 27 medical specialists published a letter to the Navagates forex, in which they expressed their indignation at the rumors around the origin of the coronavirus. Scientists angrily denied speculation that the Covid-19 virus is of artificial origin. Nevertheless, hundreds of stories are traveling on social media that the virus was invented by the CIA and then finalized at the Institute of Virology in China. Another popular legend describes a laboratory employee in Wuhan who worked with bats, became infected by them, and then infected all colleagues. The culinary traditions of China did not escape condemnation - among the possible origin of the virus is the Wuhan Central Market, where they sell meat from various exotic animals. Why are these legends much more popular than the scientifically grounded opinion of scientists? People just like these junk stories, Navagates forex explains, and social media is happy to distribute these stories, as they can increase user engagement. This is how the thirst for popularity prevails over common sense, and previously respected editions publish conspiracy theories. 

Finally, the paralysis and failure of most governments and political leaders are unusual. In the times of the bipolar world and the Cold War between the USSR and the USA, the whole world was afraid of nuclear war, as well as the use of another WMD. Countries created reserves of materials and equipment for the case of disaster, conducted civil training. Thirty years have passed since then, and the person in power has changed several times. Alas, the lack of fear has led to the abolition of such training, says Navagates forex. Moreover, even the possibility of such massive disasters has faded from the consciousness of people. In most European countries, governments have shrugged off reports of an epidemic in China, believing that this certainly does not concern them. Even US President Donald Trump spoke out that the coronavirus is a Navagates scam. However, as the disease spread, it became clear that this is not true. It's time to find experts who know what is going on and can explain this to citizens. But the time was lost.

What happens when the world around us is unsafe, and what exactly has to be done in this case? Panic begins. The population buys the essential goods; business shortens staff, taking assets out of circulation. The financial markets reacted to the pandemic in the first line. Stock indices fell to the levels that last appeared in 1997, according to reviews. Traders announced another black Monday. Forex market players began to sell foreign currency assets - even reserve currencies, which are considered the most stable. Gold has risen in price. Treasury bonds rose. A new heyday began in the cryptocurrency market.

Of course, such a sharp decline is not justified even with the epidemic of coronavirus. Therefore, three days later, a rollback came. The market, which shrugged by a quarter in three days of panic, grew by more than 9% in one day, returning to the 2008 figures. The rollback was mainly due to news from the United States, which can be found on reviews. President Trump announced massive, broadband support for the economy and vast purchases of oil to government reserves. Traders reacted instantly. Indices rose, gold fell, the dollar strengthened, and interest to treasury bonds declined. Investors got a respite. How long it last is unclear. But it is already clear that we are dealing with a global crisis. Perhaps it is not as large as in 2008, but significant enough to shake up the global economy.

Comments ()

  1. Lukasz Read 02.04.2020
    The more I dive in trading the more I realize that brokers ARE useful, of course, Nava Gates in particular, but they cannot do everything for you, you gotta be smart and inventive on your own, or else you will just lose all your money anyway.
    1. Zakariah Bernard 11.04.2020
      My thought is that if you've lost your money because of a bad broker, you have only yourself to blame. Don't be lazy next time and do your research first, to see which brokers are good (I'd recommend Nava Gates btw) and which arent.
      1. Will Davey 17.04.2020
        I don't really trust broker reviews that I read online, prefer to verify everything with my own eyes and experience; tried Nava Gates and they are good, you can rely on them.
        1. Rhys Ballard 23.04.2020
          I'm beginning to have these thoughts about maybe starting a trading activity… it seems interesting and I could really use some side income sources. The question is, who do I work with, I mean brokers; was looking at Nava Gates for a while now. What's up with them?