Page 19 - Lock Downs News Today : Breaking News, Live Updates & Top Stories | Vimarsana

On the prestigious prom nad. this is one thing that will never change here. how many limousines does it take to improve the state of the world? >> besides the war there's economic issues on the agenda. interest rates, lock downs in china, inflation, the possibilities of recession. >> over the years in winter, i have used just about every analogy and metaphor you can think of. for skiing in the global economy. the mountain is in a dreadful condition. and arguably the global economy is exactly the same. like the global economic system, this snow is not fit for the purpose of building a snow man....

Are we on the brink of a recession? >> i don't think a recession is inevitable at this point but it's the case there are risks of a downturn have risen in the past few months. that's because we have gotten very unlucky in a number of ways. besides the fact inflation was already high through most of last year. there had been a hope that supply chain knots would unwind themselves and things would normalize. the red hot demand could be met by providers ramping up production. building more cars and appliances and everything else. that's not happened. beyond that, we have kind of been hit by one un...

To get out of the lock downs. it is not stopping covid. china needs cheaper oil, natural gas, natural resources like nickel and the like. everything that goes into electric vehicle batteries. they are doing this in part starting to spread you need to lower your gross estimates for the globe. is it out of the realm of thinking? >> you are screwing up the supply chain of locking down the whole city. >> to that extent that is short lived but what they can do is trying to get economists around the globe to lower the growth expectations and lower the expectations for high energy prices and high com...

And there's still more variants going around. >> it's hard to figure out the expectations these days. this morning i was i had breakfast at a diner in new york and i was the only customer in the crowded diner wearing a mask. and sometimes it almost felt like folks were looking at me like hey weird o, what are you doing. talk about the expectations. last year, your article you talk about that you are supposed to have a hot vax summer. instead we had a new variant that led to new lock downs and mandates. what about now? is this vibe the new normal? >> i think that it's not. i think that eventual...

Month. she said they're having to rely on the we chat community groups to do the bulk buy. it's hit and miss whether the deliveries are made. and initially the government obviously shut down the delivery apps because they thought that it was the delivery drivers spreading covid. now it's a case of these drivers getting covid themselves. and they're being shipped off to quarantine centers. she said it went from shock to anger, to now utter hopelessness. she says there's no end in sight. and as to when this is going to resolve itself. >> we are talking about shanghai. 25 million people. the econ...