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This will bring the economy to a standstill. DOW is going below 20k, maybe 15k. There is not going to be any good news for at least a month to stop the daily 500-1000 point drops. Event cancellations are just getting started. Businesses in many industries beyond travel are facing drastic drops in revenues. Wait til you start to see large corporations temporarily shutting down operations and/or issuing mass layoffs.
Already another bad day on the Dow
Market Summary > Dow Jones Industrial Average
INDEXDJX: .DJI
23,383.48 −1,634.68 (6.53%)
Mar 11, 3:17 PM EDT
I'm not saying folks need to panic, but they need to take this virus seriously
Do you know how many Americans died from the swine flu when Obama was President?
Look it up.
Swine Flu (H1N1) mortality rate (.03%)
Coronavirus mortality rate (3.4%)!!!
Listen to the Doctors NOT Trump. Need massive testing NOW with quarantines for those testing positive to see scale of US infection. Should've been done when first case in America (like South Korea did). Cat may be out of the bag... White house has no plan. I help take care of my elderly mom...we are practicing social isolation now to minimize risk. Getting worried...
It’s partly because Italy was overwhelmed. You only have so many health care resources. No doubt people are dying of other conditions too at higher rates because of covid19. That’s why we need to slow the spread here, so we can cope and not get overwhelmed.
We will be overwhelmed. We don't have the medical beds or ventilators to cover the need that is going to arise here. Italy today is the United States in a few weeks.
New England Journal of Medicine (more reliable than Fake News hysterics)
If one assumes that the number of asymptomatic or minimally symptomatic cases is several times as high as the number of reported cases, the case fatality rate may be considerably less than 1%. This suggests that the overall clinical consequences of Covid-19 may ultimately be more akin to those of a severe seasonal influenza (which has a case fatality rate of approximately 0.1%) or a pandemic influenza (similar to those in 1957 and 1968) rather than a disease similar to SARS or MERS, which have had case fatality rates of 9 to 10% and 36%, respectively.
But doesn't that apply to the normal flu as well? I assume that many more people are infected each year, but don't know it because their immune system is strong and easily kills the flu virus.
Almost everything that can be done to slow the spread of this virus is being done. The next steps will be quarantining entire cities and other large sections of the United States. And banning non-essential travel.
Nobody should be going on a vacation right now. That's for sure.
The thing is, so you quarantine a city/county/country for what months, then what? Lift the quarantine and what if the virus just gets reintroduced again, then what, quarantine for months again? Or you hope the vaccine is finally approved and ready to go? What about all those anti-vaxxers out there, that won't get the vaccine?
Remember, supposedly up to 20% of people that get infected with this new coronavirus are totally asymptomatic, meaning the entire time they are infected, could be weeks, they have NO fever and NO cough whatsoever, but continue to shed the virus, infecting new people.
Do you make everyone continually get tested every week and carry around their test results wherever they go?
We will be overwhelmed. We don't have the medical beds or ventilators to cover the need that is going to arise here. Italy today is the United States in a few weeks.
And just think about all those "affordable" housing project developments everywhere. For those of you who do not know what that is, it's when they tear down an entire city block and then build one or two 5 to 6 story buildings with retail on the first floor and residential from the second on up. It's a big boom here in the San Francisco Bay Area because it makes land lords and property owners "recession proof". Just takes one person in each one of those buildings to come down with coronavirus and before we know it the entire building community will come down with it as well. For those living in one of these such buildings, you better hope and pray that they designed it to where the entire building isn't sharing the same ventilation system. But since these are only geared towards big profit with little overhead, chances are, they saved a few bucks and went the cheap route, central ventilation shared throughout the entire building.
It’s partly because Italy was overwhelmed. You only have so many health care resources. No doubt people are dying of other conditions too at higher rates because of covid19. That’s why we need to slow the spread here, so we can cope and not get overwhelmed.
Yup so it is a very serious concern that just doesn't disappear. We have to contain the virus...that's what all the health experts have been saying on the media.
Your theory about why the death rate is high might be true but no health expert anywhere in the world has proposed it so I think it might be you trying to figure out how to make the virus less serious.
Our own health experts are saying Italy's situation is real...and can happen here if we don't contain it.
Here experts said we should close all schools for 2-3 weeks because young people are the least affected by Corona, often not showing any symptoms due to their strong immune system. Yet, that also makes kids sneaky, potent distributors of the virus, from one child to the other, and from there to parents and other adults.
And just think about all those "affordable" housing project developments everywhere. For those of you who do not know what that is, it's when they tear down an entire city block and then build one or two 5 to 6 story buildings with retail on the first floor and residential from the second on up. It's a big boom here in the San Francisco Bay Area because it makes land lords and property owners "recession proof". Just takes one person in each one of those buildings and before we know it the entire building community will come down with it. For those living in one of these such buildings, better pray that they designed it to where the entire building isn't sharing the same ventilation system.
Why go after the affodable house situation. In Westchester New York - one lawyer has shut down a community.
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