Wednesday, March 11, 2020
Monday, March 9, 2020
Monday situation summary 3/9/20
The CDC basically urged people 60 and over to become hermits at home to avoid infection with SARS-CoV-2. High blood pressure appears to be the one thing most who die of the virus have in common.
The COVID-19 outbreak in Italy is killing off parents and grandparents at an alarming level because the healthcare system, though quite advanced up north, is overwhelmed by the disease outbreak. Reports say many patients die in hospital untreated, just as in China in the early days of the epidemic there, because of inadequate infrastructure and doctors for so many patients. The quarantine has been extended now to the entire country. That is not being done to make Donald Trump look bad.
Stock market losses today were sizable. The decline in the S&P 500 made the top 20 list for daily percentage losses. The stock market is a confidence game, and valuation has grown to outrageous levels and stayed there for a couple of years already, so it has been vulnerable to a confidence shock. People just didn't believe it was. The virus hysteria is undercutting that confidence.
The price of oil plunged as OPEC failed to agree to production cuts. Expect big trouble for the economy as a result, which was already in decline, which is why OPEC wanted the cuts. Declining demand. Max von Sydow died to mark the occasion. Hint: He played Joubert.
People are afraid to fly and some flights are nearly empty. It's a good thing, too, because a study from China is out indicating infected persons can infect others in enclosed, air conditioned spaces like buses, even after they've disembarked. One person infected 11 this way. This also happened in Japan you will recall, where a bus driver was infected by tourists from Wuhan on his bus.
US cases of COVID-19 soared to 654 from the 15 President Trump said back in February were headed to zero. Can't make this go away with the Power of Positive Thinking.
Labels:
COVID-19 2020,
Donald Trump 2020,
Energy 2020,
Hysteria,
Italy,
News Summaries,
Norman Vincent Peale,
OPEC,
SPX,
Wuhan flu
Saturday, March 7, 2020
Friday, March 6, 2020
There is reason to think this epidemic might result in just 100,000 deaths or so in the US at the very worst
And probably a lot fewer.
The US is too robust compared with places like China and Iran to descend into their chaos, but South Korea's can-do spirit in the face of this epidemic reminds me of nothing so much as Yankee ingenuity. If the bureaucracy in the US can be tamed, we may well have an experience similar to South Korea's.
Wednesday, March 4, 2020
Tuesday, March 3, 2020
Monday, March 2, 2020
Sunday, March 1, 2020
Saturday, February 29, 2020
If you want to know how COVID-19 is going to go, watch South Korea, they are doing just about everything right
Update 5/12/25:
COVID-19 deaths per million of population in South Korea stand at 694 vs. 3,727 in the United States.
Friday, February 28, 2020
Thursday, February 27, 2020
Wednesday, February 26, 2020
Tuesday, February 25, 2020
Trump promised to appoint only the best people, this one totally botches death rate from flu
The global death rate from coronavirus at this hour stands at 3.36%, 33x higher than for ordinary flu.
Monday, February 24, 2020
Rush Limbaugh is a fool and an imbecile, says coronavirus epidemic is just the common cold, kills fewer than the flu
Here:
The coronavirus is the common cold, folks. ... The survival rate of this is 98%! You have to read very deeply to find
that number, that 2% of the people get the coronavirus die. That’s less
than the flu, folks.
The maximum survival rate from the Spanish flu pandemic 100 years ago was 96.6% when at least 17 million died globally. The death rate was 3.4%. Coronavirus death rate on the Chinese mainland is nearly that right now.
Labels:
China,
COVID-19 2020,
Donald Trump 2020,
Rush Limbaugh 2020,
Spanish flu
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