Four senators sold stocks before coronavirus threat crashed market

[22lcidw]

you had this information....


There's one thing that I can tell you about this: It is much more aggressive in its transmission than anything that we have seen in recent history," he said, according to a secret recording of the remarks obtained by NPR. "It is probably more akin to the 1918 pandemic."

Except that "information" is completely inaccurate. This virus is nothing like the 1918 H1N1 virus. That virus was so devastatingly lethal that it killed 1/3 of the people infected (33% mortality rate) and had a high mortality rate for healthy people in the 20-40 age group.

It is estimated that about 500 million people or one-third of the world’s population became infected with this virus. The number of deaths was estimated to be at least 50 million worldwide with about 675,000 occurring in the United States. Mortality was high in people younger than 5 years old, 20-40 years old, and 65 years and older. The high mortality in healthy people, including those in the 20-40 year age group, was a unique feature of this pandemic.
​

CDC: History of 1918 Flu Pandemic | Pandemic Influenza (Flu) | CDC

There has never been anything even close to as deadly as the 1918 H1N1 pandemic. The mortality rate and factors of this virus are similar to other coronviruses, in that the mortality rate in the US is currently around 1% and mortality risk is high in the elderly and persons with compromised immune systems.

No, that's not what the science says and you will one day have the hindsight with this emerging pandemic like the ones you try to wrangle an apples-oranges comparison out of here.

It wasn't my comparison. Read the statement in GG's post. That's where the comparison was made. My point is these two viruses are not even comparable other than to say they are both pandemic viruses.

The Spanish flu is estimated to have had a 2.5% mortality rate.

C-19 is estimated to be around 2 percent.

Since no measures were taken to contain the Spanish flu outbreak, it infected about 1/3 of the world's population. With a 2.5% mortality rate, it knocked off somewhere between 50 and 100 million people.

A 1/3 infection rate today would mean 2.5 billion infected. 2 percent mortality means 51 million dead.

Thus the current panic.

Will those life insurance companies pay up?

 

[Bo Didleysquat]

you had this information....


There's one thing that I can tell you about this: It is much more aggressive in its transmission than anything that we have seen in recent history," he said, according to a secret recording of the remarks obtained by NPR. "It is probably more akin to the 1918 pandemic."

Except that "information" is completely inaccurate. This virus is nothing like the 1918 H1N1 virus. That virus was so devastatingly lethal that it killed 1/3 of the people infected (33% mortality rate) and had a high mortality rate for healthy people in the 20-40 age group.

It is estimated that about 500 million people or one-third of the world’s population became infected with this virus. The number of deaths was estimated to be at least 50 million worldwide with about 675,000 occurring in the United States. Mortality was high in people younger than 5 years old, 20-40 years old, and 65 years and older. The high mortality in healthy people, including those in the 20-40 year age group, was a unique feature of this pandemic.
​

CDC: History of 1918 Flu Pandemic | Pandemic Influenza (Flu) | CDC

There has never been anything even close to as deadly as the 1918 H1N1 pandemic. The mortality rate and factors of this virus are similar to other coronviruses, in that the mortality rate in the US is currently around 1% and mortality risk is high in the elderly and persons with compromised immune systems.

No, that's not what the science says and you will one day have the hindsight with this emerging pandemic like the ones you try to wrangle an apples-oranges comparison out of here.

It wasn't my comparison. Read the statement in GG's post. That's where the comparison was made. My point is these two viruses are not even comparable other than to say they are both pandemic viruses.

The Spanish flu is estimated to have had a 2.5% mortality rate.

C-19 is estimated to be around 2 percent.

Since no measures were taken to contain the Spanish flu outbreak, it infected about 1/3 of the world's population. With a 2.5% mortality rate, it knocked off somewhere between 50 and 100 million people.

A 1/3 infection rate today would mean 2.5 billion infected. 2 percent mortality means 51 million dead.

Thus the current panic.

Will those life insurance companies pay up?

Depends. If they can get the public to subsidize them perhaps.

 

[Osiris-ODS]

you had this information....


There's one thing that I can tell you about this: It is much more aggressive in its transmission than anything that we have seen in recent history," he said, according to a secret recording of the remarks obtained by NPR. "It is probably more akin to the 1918 pandemic."

Except that "information" is completely inaccurate. This virus is nothing like the 1918 H1N1 virus. That virus was so devastatingly lethal that it killed 1/3 of the people infected (33% mortality rate) and had a high mortality rate for healthy people in the 20-40 age group.

It is estimated that about 500 million people or one-third of the world’s population became infected with this virus. The number of deaths was estimated to be at least 50 million worldwide with about 675,000 occurring in the United States. Mortality was high in people younger than 5 years old, 20-40 years old, and 65 years and older. The high mortality in healthy people, including those in the 20-40 year age group, was a unique feature of this pandemic.
​

CDC: History of 1918 Flu Pandemic | Pandemic Influenza (Flu) | CDC

There has never been anything even close to as deadly as the 1918 H1N1 pandemic. The mortality rate and factors of this virus are similar to other coronviruses, in that the mortality rate in the US is currently around 1% and mortality risk is high in the elderly and persons with compromised immune systems.

No, that's not what the science says and you will one day have the hindsight with this emerging pandemic like the ones you try to wrangle an apples-oranges comparison out of here.

It wasn't my comparison. Read the statement in GG's post. That's where the comparison was made. My point is these two viruses are not even comparable other than to say they are both pandemic viruses.

The Spanish flu is estimated to have had a 2.5% mortality rate.

C-19 is estimated to be around 2 percent.

Since no measures were taken to contain the Spanish flu outbreak, it infected about 1/3 of the world's population. With a 2.5% mortality rate, it knocked off somewhere between 50 and 100 million people.

A 1/3 infection rate today would mean 2.5 billion infected. 2 percent mortality means 51 million dead.

Thus the current panic.

Cite the 2% please.

Is this directed at me? See WHO COVID-19 Situation Report for March 18, 2020

https://www.who.int/docs/default-so...0318-sitrep-58-covid-19.pdf?sfvrsn=20876712_2

There is a table that provides the number of cases and the number of deaths in each country, each region, and the worldwide total. You can get out a calculator and divide the number of deaths by the number of cases to arrive at the mortality rate. You can do that for each country and each region if you're so inclined.

I also have the TV on with the running ticker of cases and deaths in the U.S. and the mortality rate is consistent with the rate based on the numbers in the linked report (~1.5%)

 

[Bo Didleysquat]

Infection Rate
Another similarity is how quickly both viruses seem to spread. Spanish flu infected an estimated 1/3 of the global population. And although much remains unknown about COVID-19, the disease has spread rapidly from its origin in China in late December and now can be found on every continent except Antarctica.

Mortality Rate May Be Similar for Coronavirus (COVID-19)
The death rate of Spanish influenza was vastly greater than the average seasonal flu, Dr. Taubenberger said. The case-fatality rate is estimated to have been greater than 2.5%. This means for every 100 recognized cases, on average more than two and a half people died.

What 1918 Spanish Flu Death Toll Tells Us About COVID-19 Coronavirus Pandemic - MedicineNet Health News

So no peer-reviewed primary research papers/studies?

Infection Rate
Another similarity is how quickly both viruses seem to spread. Spanish flu infected an estimated 1/3 of the global population. And although much remains unknown about COVID-19, the disease has spread rapidly from its origin in China in late December and now can be found on every continent except Antarctica.

Mortality Rate May Be Similar for Coronavirus (COVID-19)
The death rate of Spanish influenza was vastly greater than the average seasonal flu, Dr. Taubenberger said. The case-fatality rate is estimated to have been greater than 2.5%. This means for every 100 recognized cases, on average more than two and a half people died.

What 1918 Spanish Flu Death Toll Tells Us About COVID-19 Coronavirus Pandemic - MedicineNet Health News

Peter Schelden is a writer and editor with a decade of newsgathering experience that he accumulated while working for daily newspapers and news websites in the Western United States.

Since 2016, he has written for MedicineNet on a wide variety of health and wellness topics. Health trends, emerging disease risks and novel therapies count among them.

Schelden's career in journalism has been spent in Nevada and California. He has won various press awards covering a range of news topics, from capital punishment and immigration to big game hunting and music journalism. His newswriting has made him a sought-after guest on Los Angeles radio, as well as expert panels.

After earning a Master's degree in English literature in 2007, Schelden now teaches college writing and critical thinking in Orange County, California


Severe Outcomes Among Patients with Coronavirus Disease 2019 (COVID-19


Coronavirus Disease 2019 (COVID-19)


Shortage of personal protective equipment endangering health workers worldwide


Home

 

[Bo Didleysquat]

Except that "information" is completely inaccurate. This virus is nothing like the 1918 H1N1 virus. That virus was so devastatingly lethal that it killed 1/3 of the people infected (33% mortality rate) and had a high mortality rate for healthy people in the 20-40 age group.

It is estimated that about 500 million people or one-third of the world’s population became infected with this virus. The number of deaths was estimated to be at least 50 million worldwide with about 675,000 occurring in the United States. Mortality was high in people younger than 5 years old, 20-40 years old, and 65 years and older. The high mortality in healthy people, including those in the 20-40 year age group, was a unique feature of this pandemic.
​

CDC: History of 1918 Flu Pandemic | Pandemic Influenza (Flu) | CDC

There has never been anything even close to as deadly as the 1918 H1N1 pandemic. The mortality rate and factors of this virus are similar to other coronviruses, in that the mortality rate in the US is currently around 1% and mortality risk is high in the elderly and persons with compromised immune systems.

No, that's not what the science says and you will one day have the hindsight with this emerging pandemic like the ones you try to wrangle an apples-oranges comparison out of here.

It wasn't my comparison. Read the statement in GG's post. That's where the comparison was made. My point is these two viruses are not even comparable other than to say they are both pandemic viruses.

The Spanish flu is estimated to have had a 2.5% mortality rate.

C-19 is estimated to be around 2 percent.

Since no measures were taken to contain the Spanish flu outbreak, it infected about 1/3 of the world's population. With a 2.5% mortality rate, it knocked off somewhere between 50 and 100 million people.

A 1/3 infection rate today would mean 2.5 billion infected. 2 percent mortality means 51 million dead.

Thus the current panic.

Cite the 2% please.

Is this directed at me? See WHO COVID-19 Situation Report for March 18, 2020

https://www.who.int/docs/default-so...0318-sitrep-58-covid-19.pdf?sfvrsn=20876712_2

There is a table that provides the number of cases and the number of deaths in each country, each region, and the worldwide total. You can get out a calculator and divide the number of deaths by the number of cases to arrive at the mortality rate. You can do that for each country and each region if you're so inclined.

I also have the TV on with the running ticker of cases and deaths in the U.S. and the mortality rate is consistent with the rate based on the numbers in the linked report (~1.5%)

Do you feel picked on? Yeah, "emerging" pandemic. Numbers all over the place. We'll see.

 

[g5000]

Infection Rate
Another similarity is how quickly both viruses seem to spread. Spanish flu infected an estimated 1/3 of the global population. And although much remains unknown about COVID-19, the disease has spread rapidly from its origin in China in late December and now can be found on every continent except Antarctica.

Mortality Rate May Be Similar for Coronavirus (COVID-19)
The death rate of Spanish influenza was vastly greater than the average seasonal flu, Dr. Taubenberger said. The case-fatality rate is estimated to have been greater than 2.5%. This means for every 100 recognized cases, on average more than two and a half people died.

What 1918 Spanish Flu Death Toll Tells Us About COVID-19 Coronavirus Pandemic - MedicineNet Health News

So no peer-reviewed primary research papers/studies?

Infection Rate
Another similarity is how quickly both viruses seem to spread. Spanish flu infected an estimated 1/3 of the global population. And although much remains unknown about COVID-19, the disease has spread rapidly from its origin in China in late December and now can be found on every continent except Antarctica.

Mortality Rate May Be Similar for Coronavirus (COVID-19)
The death rate of Spanish influenza was vastly greater than the average seasonal flu, Dr. Taubenberger said. The case-fatality rate is estimated to have been greater than 2.5%. This means for every 100 recognized cases, on average more than two and a half people died.

What 1918 Spanish Flu Death Toll Tells Us About COVID-19 Coronavirus Pandemic - MedicineNet Health News

Peter Schelden is a writer and editor with a decade of newsgathering experience that he accumulated while working for daily newspapers and news websites in the Western United States.

Since 2016, he has written for MedicineNet on a wide variety of health and wellness topics. Health trends, emerging disease risks and novel therapies count among them.

Schelden's career in journalism has been spent in Nevada and California. He has won various press awards covering a range of news topics, from capital punishment and immigration to big game hunting and music journalism. His newswriting has made him a sought-after guest on Los Angeles radio, as well as expert panels.

After earning a Master's degree in English literature in 2007, Schelden now teaches college writing and critical thinking in Orange County, California


Severe Outcomes Among Patients with Coronavirus Disease 2019 (COVID-19


Coronavirus Disease 2019 (COVID-19)


Shortage of personal protective equipment endangering health workers worldwide


Home

Exactly how is a REPORTER a medical authority on the coronavirus?

Your first link is not "peer-reviewed".

Nor is your second.

Nor is your third.

Nor is your fourth.

And not one of those links contradicts a thing I have said. That's probably why you didn't quote from them.

You're batting .000! Well done.

 

[Bo Didleysquat]

Infection Rate
Another similarity is how quickly both viruses seem to spread. Spanish flu infected an estimated 1/3 of the global population. And although much remains unknown about COVID-19, the disease has spread rapidly from its origin in China in late December and now can be found on every continent except Antarctica.

Mortality Rate May Be Similar for Coronavirus (COVID-19)
The death rate of Spanish influenza was vastly greater than the average seasonal flu, Dr. Taubenberger said. The case-fatality rate is estimated to have been greater than 2.5%. This means for every 100 recognized cases, on average more than two and a half people died.

What 1918 Spanish Flu Death Toll Tells Us About COVID-19 Coronavirus Pandemic - MedicineNet Health News

So no peer-reviewed primary research papers/studies?

Infection Rate
Another similarity is how quickly both viruses seem to spread. Spanish flu infected an estimated 1/3 of the global population. And although much remains unknown about COVID-19, the disease has spread rapidly from its origin in China in late December and now can be found on every continent except Antarctica.

Mortality Rate May Be Similar for Coronavirus (COVID-19)
The death rate of Spanish influenza was vastly greater than the average seasonal flu, Dr. Taubenberger said. The case-fatality rate is estimated to have been greater than 2.5%. This means for every 100 recognized cases, on average more than two and a half people died.

What 1918 Spanish Flu Death Toll Tells Us About COVID-19 Coronavirus Pandemic - MedicineNet Health News

Peter Schelden is a writer and editor with a decade of newsgathering experience that he accumulated while working for daily newspapers and news websites in the Western United States.

Since 2016, he has written for MedicineNet on a wide variety of health and wellness topics. Health trends, emerging disease risks and novel therapies count among them.

Schelden's career in journalism has been spent in Nevada and California. He has won various press awards covering a range of news topics, from capital punishment and immigration to big game hunting and music journalism. His newswriting has made him a sought-after guest on Los Angeles radio, as well as expert panels.

After earning a Master's degree in English literature in 2007, Schelden now teaches college writing and critical thinking in Orange County, California


Severe Outcomes Among Patients with Coronavirus Disease 2019 (COVID-19


Coronavirus Disease 2019 (COVID-19)


Shortage of personal protective equipment endangering health workers worldwide


Home

Exactly how is a REPORTER a medical authority on the coronavirus?

Your first link is not "peer-reviewed".

Nor is your second.

Nor is your third.

Nor is your fourth.

And not one of those links contradicts a thing I have said. That's probably why you didn't quote from them.

You're batting .000! Well done.

That was your reporter shoog, check your media article. Ignore the WHO and the CDC, I don't mind, especially if you can't trace back to primary peer-reviewed research journals.

 

[Lakhota]

Senator Dumped Up to $1.6 Million of Stock After Reassuring Public About Coronavirus Preparedness

Intelligence Chair Richard Burr’s selloff came around the time he was receiving daily briefings on the health threat.

Soon after he offered public assurances that the government was ready to battle the coronavirus, the powerful chairman of the Senate Intelligence Committee, Richard Burr, sold off a significant percentage of his stocks, unloading between $582,029 and $1.56 million of his holdings on Feb. 13 in 29 separate transactions.

As the head of the intelligence committee, Burr, a North Carolina Republican, has access to the government’s most highly classified information about threats to America’s security. His committee was receiving daily coronavirus briefings around this time, according to a Reuters story.

A week after Burr’s sales, the stock market began a sharp decline and has lost about 30% since.

On Thursday, Burr came under fire after NPR obtained a secret recording from Feb. 27, in which the lawmaker gave a VIP group at an exclusive social club a much more dire preview of the economic impact of the coronavirus than what he had told the public.

More: Senator Dumped Up to $1.6 Million of Stock After Reassuring Public About Coronavirus Preparedness

Shame on Senator Burr. I thought he was better than that. I could better understand his selloff if he had been honest with the public about what he knew from his daily classified briefings. What do you think?

 

[AzogtheDefiler]

Intelligence Chair Richard Burr’s selloff came around the time he was receiving daily briefings on the health threat.

Soon after he offered public assurances that the government was ready to battle the coronavirus, the powerful chairman of the Senate Intelligence Committee, Richard Burr, sold off a significant percentage of his stocks, unloading between $582,029 and $1.56 million of his holdings on Feb. 13 in 29 separate transactions.

As the head of the intelligence committee, Burr, a North Carolina Republican, has access to the government’s most highly classified information about threats to America’s security. His committee was receiving daily coronavirus briefings around this time, according to a Reuters story.

A week after Burr’s sales, the stock market began a sharp decline and has lost about 30% since.

On Thursday, Burr came under fire after NPR obtained a secret recording from Feb. 27, in which the lawmaker gave a VIP group at an exclusive social club a much more dire preview of the economic impact of the coronavirus than what he had told the public.

More: Senator Dumped Up to $1.6 Million of Stock After Reassuring Public About Coronavirus Preparedness

Shame on Senator Burr. I thought he was better than that. What do you think?

I think he just saved himself $1.6 mil.

 

[Oddball]

Good thing he wasn't laundering money through shady Chinese and Latvian banks, or he'd really be in the shit.

 

[Lakhota]

Senator Richard Burr Warned Of Coronavirus Effects In Private Meeting - Intelligence Chairman Raised Virus Alarms Weeks Ago, Secret Recording Shows

So, Burr let the fat cats know what was coming while the rest of us were being treated like mushrooms...kept in the dark and fed bullshit.

I apologize for duplicating your thread. I did a USMB-wide search for "Burr" - but his name was not mentioned in the thread title.

 

[Harpy Eagle]

Senator Richard Burr Warned Of Coronavirus Effects In Private Meeting - Intelligence Chairman Raised Virus Alarms Weeks Ago, Secret Recording Shows

So, Burr let the fat cats know what was coming while the rest of us were being treated like mushrooms...kept in the dark and fed bullshit.

I apologize for duplicating your thread. I did a USMB-wide search for "Burr" - but his name was not mentioned in the thread title.

Yeah, I was being too sly for my own good. It is all good!

 

[Lakhota]

Senator Richard Burr Warned Of Coronavirus Effects In Private Meeting - Intelligence Chairman Raised Virus Alarms Weeks Ago, Secret Recording Shows

So, Burr let the fat cats know what was coming while the rest of us were being treated like mushrooms...kept in the dark and fed bullshit.

I apologize for duplicating your thread. I did a USMB-wide search for "Burr" - but his name was not mentioned in the thread title.

Yeah, I was being too sly for my own good. It is all good!

I think good and definitive thread titles are important. I've learned that lesson from newspapers and Internet articles.

 

[Harpy Eagle]

Intelligence Chair Richard Burr’s selloff came around the time he was receiving daily briefings on the health threat.

Soon after he offered public assurances that the government was ready to battle the coronavirus, the powerful chairman of the Senate Intelligence Committee, Richard Burr, sold off a significant percentage of his stocks, unloading between $582,029 and $1.56 million of his holdings on Feb. 13 in 29 separate transactions.

As the head of the intelligence committee, Burr, a North Carolina Republican, has access to the government’s most highly classified information about threats to America’s security. His committee was receiving daily coronavirus briefings around this time, according to a Reuters story.

A week after Burr’s sales, the stock market began a sharp decline and has lost about 30% since.

On Thursday, Burr came under fire after NPR obtained a secret recording from Feb. 27, in which the lawmaker gave a VIP group at an exclusive social club a much more dire preview of the economic impact of the coronavirus than what he had told the public.

More: Senator Dumped Up to $1.6 Million of Stock After Reassuring Public About Coronavirus Preparedness

Shame on Senator Burr. I thought he was better than that. What do you think?

I think he just saved himself $1.6 mil.

Like I said, insider trading. He knew what was coming and told nobody but his rich buddies, who I bet also dumped a bunch of stocks.

But you are cool with it, he is a Repub and nobody is more faithful than you these days.

 

[Harpy Eagle]

Senator Richard Burr Warned Of Coronavirus Effects In Private Meeting - Intelligence Chairman Raised Virus Alarms Weeks Ago, Secret Recording Shows

So, Burr let the fat cats know what was coming while the rest of us were being treated like mushrooms...kept in the dark and fed bullshit.

I apologize for duplicating your thread. I did a USMB-wide search for "Burr" - but his name was not mentioned in the thread title.

Yeah, I was being too sly for my own good. It is all good!

I think good and definitive thread titles are important. I've learned that lesson from newspapers and Internet articles.

you are correct, I will strive to do better in the future.

 

[AzogtheDefiler]

Intelligence Chair Richard Burr’s selloff came around the time he was receiving daily briefings on the health threat.

Soon after he offered public assurances that the government was ready to battle the coronavirus, the powerful chairman of the Senate Intelligence Committee, Richard Burr, sold off a significant percentage of his stocks, unloading between $582,029 and $1.56 million of his holdings on Feb. 13 in 29 separate transactions.

As the head of the intelligence committee, Burr, a North Carolina Republican, has access to the government’s most highly classified information about threats to America’s security. His committee was receiving daily coronavirus briefings around this time, according to a Reuters story.

A week after Burr’s sales, the stock market began a sharp decline and has lost about 30% since.

On Thursday, Burr came under fire after NPR obtained a secret recording from Feb. 27, in which the lawmaker gave a VIP group at an exclusive social club a much more dire preview of the economic impact of the coronavirus than what he had told the public.

More: Senator Dumped Up to $1.6 Million of Stock After Reassuring Public About Coronavirus Preparedness

Shame on Senator Burr. I thought he was better than that. What do you think?

I think he just saved himself $1.6 mil.

Like I said, insider trading. He knew what was coming and told nobody but his rich buddies, who I bet also dumped a bunch of stocks.

But you are cool with it, he is a Repub and nobody is more faithful than you these days.

??? For the 10000000th time, I do not and have never belonged to a political party. Your dementia sucks.

 

[Harpy Eagle]

??? For the 10000000th time, I do not and have never belonged to a political party. Your dementia sucks.

Yet you are loyal to the death for one...weird.

 

[White 6]

Senator Richard Burr Warned Of Coronavirus Effects In Private Meeting - Intelligence Chairman Raised Virus Alarms Weeks Ago, Secret Recording Shows

So, Burr let the fat cats know what was coming while the rest of us were being treated like mushrooms...kept in the dark and fed bullshit.

Smart move personally, though typically sleazy fat cat GOP insider move to tell public the Capital Hill Gang the straight stuff, while supporting the rosy lying party line of the president, as he sold like crazy himself, based on information only his position could give him.

 

[AzogtheDefiler]

??? For the 10000000th time, I do not and have never belonged to a political party. Your dementia sucks.

Yet you are loyal to the death for one...weird.

Loyalty is for dogs. We have discussed this how many times!? I am loyal to my family and friends. Never a political party or a politician. Ask Tom Brady about loyalty.

 

[Harpy Eagle]

??? For the 10000000th time, I do not and have never belonged to a political party. Your dementia sucks.

Yet you are loyal to the death for one...weird.

Loyalty is for dogs. We have discussed this how many times!? I am loyal to my family and friends. Never a political party or a politician. Ask Tom Brady about loyalty.

You say those words, yet you would not say a bad thing about a Repub right now if someone put a gun to your head.

This guy used information he had as the Head of the Intel committee to enrich himself, all the while keeping the true danger from the public...and you are cool with it.