COVID-19 Is Being Called “Wuhan Virus” and “Chinese Coronavirus” For Two Very Big Reasons

0 | By Shah Gilani

Just because the World Health Organization (WHO) officially named the novel coronavirus “COVID-19” doesn’t mean it’s not going to be referred to as the “Wuhan Virus,” the “Chinese Coronavirus,” or other names that stamp the origin of the virus into the public lexicon.

One reason for what some observers see as politically incorrect name-calling is, in fact, pure politics.

The President of the United States, some members of his Administration, and other politicians are stamping “Made in China” all over the virus because identifying China as the virus’s place of origin stigmatizes China geopolitically, with the intention of undermining China’s increasing global influence.

Another reason the world’s going to be hearing more about the Wuhan or Chinese Virus is lawsuits are being filed blaming China for accidental or deliberate gross economic destruction.

A $20 trillion class-action lawsuit filed in the U.S. District Court for the Northern District of Texas alleges the COVID-19 virus is a biological weapon designed by China. And, by releasing it, China violated U.S. law, international laws, treaties, and norms and caused massive economic damage to U.S. individuals and businesses.

Here is why, in politics and law, sometimes names matter…

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Capital Wave Forecast: It Might Be the Time to Start Nibbling at Core, Long-Term Positions – But There Is One Caveat

0 | By Shah Gilani

We are not out of the woods by a longshot, but there’s money being put to work, selectively and tentatively, for sure, and that could mean more support for markets.

Last week, we saw net selling, mostly the result of investors exiting travel- and leisure-related stocks.

The Dow ended the week down 2.7%. The S&P was down 2.1%. And the Nasdaq Composite was off 1.53%. The good news in those losses is that they weren’t worse.

That may seem like a small consolation, but considering how volatile markets have been and how the weakening economy seems to be getting weaker, small losses, relatively speaking, in a week with horrendous economic news, is actually a positive…

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