Zero Hedge reported yesterday, that the Chinese Authorities have now quarantined fully 1/3rd of their population. A number that is larger than the entire population of the USA. 400 million people forced to stay home, in an effort to stop the spread of this deadly disease.

We haven't yet seen the economic impact of this catastrophe, but we will in the next couple of weeks. In a highly leveraged economy, like China or the US for that matter. The one critical element to keep everything working is debt payment. Every month the bills must be paid, in the parlance of the Street, the debt must be serviced.