Lets talk REALITY on the Corona virus economically for once

[toomuchtime_]

Is this a virus to be feared or dismissed? The dow dropped roughly 10 percent. Eventually, one cant cover up the disconnect in the supply chain huh?

Neither. It should be respected and attacked.

There has been no major disruption of the supply chain, but there has been a shit ton of fear. And the people with the resources are loving it and pushing it along.

I hope its just fear mongering. I'll take that nine ways to sunday over a virus thats easily transmissible and a mortality rate equal to the spanish flu.

I think its more like 2% with infants and the chronically ill bearing the brunt. Still anyone can do the math. Say 20 million americans get the thing. Say 200K get it.

And if we end up quaranteening and shutting down offices even for two weeks ….. Recession just in time for the election. And Trump took Medical and Science money for his wall. There's no mystery to why the admin is scrambling.

There you go. While the rest of America is worrying about the health risk, Democrats are hoping for a catastrophe because they think it might be bad for the President.

 

[jc456]

Dude, I just heard the governor of CA is about to start announcing thousands of his people have the virus. Are you ready for the political end to turn? Ready or not. They want to destroy america. It really isn't more evidenced than this new threat to the world. they will make it about trump.

Bull$h!t.

are you saying I didn't hear the news? there was no one here when I heard it. How did you hear what I heard and how did you hear it differently?

 

[jc456]

I think the reality is that panic will cause economic damage.

We're seeing it in the markets now.

This isn't ebola or a high mortality rate disease. likely we're going to have to live with it as an emdemic pathogen unless they develop a vaccine. and, while that sounds lovely, it may also mutate, meaning, like the flu, we have to vaccinate against different strains.

Once people stop shitting all over themselves because, due to their own ignorance, they think the world is ending, things will settle back to normal. starting to look like thats gonna be a while....

well again, the reason for the stock market down turn is due to China. Most manufacturing is over there and was shut the fk down. Can't make product when the plants are closed. please don't all of you remain so stupid.

 

[Thinker101]

Fascinating, all the whiny economy "experts" come out when the market takes a hit.

sort of like all you Trump worshipers that come out after a new record high and give Trump all the credit for it

And what do you do when the market hits a record high....thank Obama?

 

[theHawk]

I think the reality is that panic will cause economic damage.

We're seeing it in the markets now.

This isn't ebola or a high mortality rate disease. likely we're going to have to live with it as an emdemic pathogen unless they develop a vaccine. and, while that sounds lovely, it may also mutate, meaning, like the flu, we have to vaccinate against different strains.

Once people stop shitting all over themselves because, due to their own ignorance, they think the world is ending, things will settle back to normal. starting to look like thats gonna be a while....

It will likely turn out just like SARS, MERS, and Zika virus. Very deadly at the beginning in third world shitholes, finds its way into e US and Europe, but eventually gets under control and goes away.

 

[LordBrownTrout]

Is this a virus to be feared or dismissed? The dow dropped roughly 10 percent. Eventually, one cant cover up the disconnect in the supply chain huh?

Neither. It should be respected and attacked.

There has been no major disruption of the supply chain, but there has been a shit ton of fear. And the people with the resources are loving it and pushing it along.

I hope its just fear mongering. I'll take that nine ways to sunday over a virus thats easily transmissible and a mortality rate equal to the spanish flu.

I think its more like 2% with infants and the chronically ill bearing the brunt. Still anyone can do the math. Say 20 million americans get the thing. Say 200K get it.

And if we end up quaranteening and shutting down offices even for two weeks ….. Recession just in time for the election. And Trump took Medical and Science money for his wall. There's no mystery to why the admin is scrambling.

Children aren't really being affected by it....so far. Im more concerned with the flu with children right now.

 

[jc456]

I think the reality is that panic will cause economic damage.

We're seeing it in the markets now.

This isn't ebola or a high mortality rate disease. likely we're going to have to live with it as an emdemic pathogen unless they develop a vaccine. and, while that sounds lovely, it may also mutate, meaning, like the flu, we have to vaccinate against different strains.

Once people stop shitting all over themselves because, due to their own ignorance, they think the world is ending, things will settle back to normal. starting to look like thats gonna be a while....

It will likely turn out just like SARS, MERS, and Zika virus. Very deadly at the beginning in third world shitholes, finds its way into e US and Europe, but eventually gets under control and goes away.

all thanks to China.

 

[Harpy Eagle]

Fascinating, all the whiny economy "experts" come out when the market takes a hit.

sort of like all you Trump worshipers that come out after a new record high and give Trump all the credit for it

And what do you do when the market hits a record high....thank Obama?

I will send you a 1000 bucks for every post you can find me doing so.

Unlike you, I do not give the government credit for all good things in my life.

 

[jc456]

Is this a virus to be feared or dismissed? The dow dropped roughly 10 percent. Eventually, one cant cover up the disconnect in the supply chain huh?

Neither. It should be respected and attacked.

There has been no major disruption of the supply chain, but there has been a shit ton of fear. And the people with the resources are loving it and pushing it along.

I hope its just fear mongering. I'll take that nine ways to sunday over a virus thats easily transmissible and a mortality rate equal to the spanish flu.

I think its more like 2% with infants and the chronically ill bearing the brunt. Still anyone can do the math. Say 20 million americans get the thing. Say 200K get it.

And if we end up quaranteening and shutting down offices even for two weeks ….. Recession just in time for the election. And Trump took Medical and Science money for his wall. There's no mystery to why the admin is scrambling.

Children aren't really being affected by it....so far. Im more concerned with the flu with children right now.

CDC estimates* that, from October 1, 2019, through February 15, 2020, there have been:
29,000,000 – 41,000,000
flu illnesses

13,000,000 – 19,000,000
flu medical visits

280,000 – 500,000
flu hospitalizations

16,000 – 41,000
flu deaths

 

[Thinker101]

Fascinating, all the whiny economy "experts" come out when the market takes a hit.

sort of like all you Trump worshipers that come out after a new record high and give Trump all the credit for it

And what do you do when the market hits a record high....thank Obama?

I will send you a 1000 bucks for every post you can find me doing so.

Unlike you, I do not give the government credit for all good things in my life.

Well, if I recall, we already played that game. You don't send to a P.O. box. Soooo....you could cut the bravado bs, I also doubt if you could afford $1000.

 

[CowboyTed]

If the United States has a real outbreak, is that going to hurt us?

ANSWER-------->oh yes, absolutely, no doubt about it.

Is this virus going to hurt us economically, even without an outbreak in the USA?

Answer----------> Yes, our supply lines are tied to everyone, and everyone. New auto sales in China are down 92% since the outbreak, so our global company's are going to take a huge hit. May not like it, but facts are better than speculation, so plan accordingly.

Who is to blame?

ANSWER--------> REALLY, seriously? The human condition is to blame, unless you tie this virus to a country that purposely constructed it, then released it, for the purpose of screwing you, then look at your body and ask it what is up with this!

When will it end?

Either when a vaccine is released in 12 to 24 months, or when you realize that just like everything else in life, our survival from death, illness, or sickness, revolves around the PROFIT that someone can make from devising a solution. Those seeking BILLIONS, are feverishly working as I post, to save your lives. Those being forced to make nickels, are just taking their sweet a** time, as being first means absolutely nothing to them. Those seeking BILLIONS, may come in 4 months in advance of your death. Was it worth it to you and your family if you survive?

Is this political?

ANSWER-----------> Does a bear sh** in the woods? Of course it is!

Who was it that created the famous saying---------->never let a crisis go to waste!

Do any of the DNC phonies for President have massive healthcare knowledge? Does Donald J trump have any?

Of course not! The only thing we have is the best pharma industry in the world, and the race is on if they can beat this virus before you die; if you are one of the ones who WOULD die from its' effects. Does anyone on this board believe the odds are anywhere near good the solution is going to come from China, Venezuela, Cuba, or Russia? If any of you do, please post you will REFUSE to take an antidote from the USA, just on MORAL purposes, cause the USA sucks!

Now, I believe big pharma in the USA is screwing us, period! I believe the protection of big pharma by the government which forces us to pay more is anti American, and anti freedom of choice. We can NOT be held hostage by big pharma to SUBSIDIZE through price control, the solution to the worlds problems, just like our military can NOT create peace in the world through nation building and police action.

I believe the world has to PAY ITS FAIRSHARE for drugs that we come up with, just like it has to pay its FAIRSHARE for our protection of military force on their behave.

If we avoid this outbreak because of OUR pharma industry, enjoy it while you can, because with BERNARD, a solution would be faaaaaaaaar behind that which is coming. You might have to wait for China, or Cuba, or maybe Venezuela to fix it, and good luck with that!

Corona is going to cost American lives? Yeah, probably be. To deny that would make me a liar.

But who you do YOU want in the race to save your life, if you are one of those who might die? Want our crooked CAPITALISTIC people who come in 1st always, or want the SOCIALISTIC people who come in 2 to 3 years after, and only when they can steal the technology from us!

If, for political reasons, you have a hard time answering that question, then ask your family, who would have to go on without you!

The drug being tested at the moment is Remdesivir from Gilead Sciences.

Small problem with your theory, this was developed on top research done by NIH and with the support of NIH through Development and Testing... Modern Drug development is not a singular approach but involving multiple teams, NIH (a department Trump is budget cutting) does a lot of the underlying Med Research... Cambridge does UK, there are loads of universities in EU doing it as well, list around the world is endless. They then peer review and publish there results, for free. The system is open cause the best research is open, transparent, reviewed and the accepted.

Private Industry then leverages this research to commercialise this research. In fairness they can't publish there results, that is the companies IP. That doesn't make them evil, it just the way things are done. Agriculture is the same...

Trump Proposes Significant Cuts to NIH for 2021 Budget

 

[White 6]

Dude, I just heard the governor of CA is about to start announcing thousands of his people have the virus. Are you ready for the political end to turn? Ready or not. They want to destroy america. It really isn't more evidenced than this new threat to the world. they will make it about trump.

Bull$h!t.

are you saying I didn't hear the news? there was no one here when I heard it. How did you hear what I heard and how did you hear it differently?

Guess I missed the part about somebody wanting to destroy America. I probably changed changed channel to something more educational like reruns of Andy and Barney, since the Three Stooges wasn't on.

 

[Harpy Eagle]

Fascinating, all the whiny economy "experts" come out when the market takes a hit.

sort of like all you Trump worshipers that come out after a new record high and give Trump all the credit for it

And what do you do when the market hits a record high....thank Obama?

I will send you a 1000 bucks for every post you can find me doing so.

Unlike you, I do not give the government credit for all good things in my life.

Well, if I recall, we already played that game. You don't send to a P.O. box. Soooo....you could cut the bravado bs, I also doubt if you could afford $1000.

I have no problems with PO Boxes. This is just your pathetic attempt to run like a puss because you know such a post does not exist

 

[CowboyTed]

I think the reality is that panic will cause economic damage.

We're seeing it in the markets now.

This isn't ebola or a high mortality rate disease. likely we're going to have to live with it as an emdemic pathogen unless they develop a vaccine. and, while that sounds lovely, it may also mutate, meaning, like the flu, we have to vaccinate against different strains.

Once people stop shitting all over themselves because, due to their own ignorance, they think the world is ending, things will settle back to normal. starting to look like thats gonna be a while....

Lets start we don't know how this virus is how it long it incubates before it shows...

|t is at least 20 times more deadly than the flu. The CDC estimates that as many as 56,000 people die from the flu or flu-like illness each year. Then if this is as contagious as the flu(we don't know but think it is a least that much) that means 1 million people dying in the US. That is bad but not world ending, it would be a recession as there would be a servre drop in GDP.

There is also the Health System... No Health System in the world is ready for this if there whole country gets infected. To recover you need an ICU bed and pretty intensive treatment. China could do this and also locked down whole regions, this was done by a very big government and authoritarian rule.

 

[White 6]

Dude, I just heard the governor of CA is about to start announcing thousands of his people have the virus. Are you ready for the political end to turn? Ready or not. They want to destroy america. It really isn't more evidenced than this new threat to the world. they will make it about trump.

Bull$h!t.

are you saying I didn't hear the news? there was no one here when I heard it. How did you hear what I heard and how did you hear it differently?

Guess I missed the part about somebody wanting to destroy America. I probably changed changed channel to something more educational like reruns of Andy and Barney, since the Three Stooges wasn't on.

Just heard that any further announcement or government information put out by any federal government organization, regarding Coron Virus will have to be cleared by Mike Pence. Guess we are going back to top down management and information control. Good luck everybody.

 

[Fueri]

I think the reality is that panic will cause economic damage.

We're seeing it in the markets now.

This isn't ebola or a high mortality rate disease. likely we're going to have to live with it as an emdemic pathogen unless they develop a vaccine. and, while that sounds lovely, it may also mutate, meaning, like the flu, we have to vaccinate against different strains.

Once people stop shitting all over themselves because, due to their own ignorance, they think the world is ending, things will settle back to normal. starting to look like thats gonna be a while....

well again, the reason for the stock market down turn is due to China. Most manufacturing is over there and was shut the fk down. Can't make product when the plants are closed. please don't all of you remain so stupid.

This tumble has little, if anything to do with profits. there is a lot more going on here than manufacturing in China.

before calling others stupid you might want to get some understanding on how stocks are actually valued, FFS, as well as understanding that there are multiple factors in play here.

Some industries are getting hit directly. Casinos, airlines, etc., THOSE stocks are getting clobbered as a direct result of this in the belief that people will stay away, so those hits have a direct relationship to actual stock value. Those losses cannot be recovered by, for instance, ramping up production when the dust clears, which is what will happen in manufacturing, where they will claw some of this back.

Other stocks will have to adjust earnings, yes, however what is also happening is that people have no idea how far the ripples will reach and are avoiding risk, pulling their money and sticking it in the bond market until they can figure out WTF is going on. That is a panic component, and not in any way related to actual output or earnings, nor manufacturing in China.

This is a buy opportunity. If this was due to manufacturing in China, as you state, and an actual, measurable impact on stock value, it wouldn't be.

 

[Fueri]

I think the reality is that panic will cause economic damage.

We're seeing it in the markets now.

This isn't ebola or a high mortality rate disease. likely we're going to have to live with it as an emdemic pathogen unless they develop a vaccine. and, while that sounds lovely, it may also mutate, meaning, like the flu, we have to vaccinate against different strains.

Once people stop shitting all over themselves because, due to their own ignorance, they think the world is ending, things will settle back to normal. starting to look like thats gonna be a while....

Lets start we don't know how this virus is how it long it incubates before it shows...

|t is at least 20 times more deadly than the flu. The CDC estimates that as many as 56,000 people die from the flu or flu-like illness each year. Then if this is as contagious as the flu(we don't know but think it is a least that much) that means 1 million people dying in the US. That is bad but not world ending, it would be a recession as there would be a servre drop in GDP.

There is also the Health System... No Health System in the world is ready for this if there whole country gets infected. To recover you need an ICU bed and pretty intensive treatment. China could do this and also locked down whole regions, this was done by a very big government and authoritarian rule.

never said it wasn't an issue. It is, in fact, IMO going to be way more widespread than a lot of people seem to think due to how it spreads. I do not think we stop it. I think it possibly becomes endemic and something we have to learn to live with, actually.

Mortality rate is about 3%, and like a lot of things, most dangerous to at-risk categories.

It will be a year or more before this blows over and people adjust, but it will, and they will.

 

[bendog]

I think the reality is that panic will cause economic damage.

We're seeing it in the markets now.

This isn't ebola or a high mortality rate disease. likely we're going to have to live with it as an emdemic pathogen unless they develop a vaccine. and, while that sounds lovely, it may also mutate, meaning, like the flu, we have to vaccinate against different strains.

Once people stop shitting all over themselves because, due to their own ignorance, they think the world is ending, things will settle back to normal. starting to look like thats gonna be a while....

I dunno. There can be a political price. It's fact that Trump took money from CDC and Healthcare to pay for his wall. He said that was the "security emergency." If my infant or elderly parent dies, and I can be persuaded that there could have been better care in terms of breathing support and fever reduction ….. One of Trump's major weakness has always been his support for HC. So it's easy to see why he's shitting on everyone near him over this.

Something like 8K minimum die each year from the flu. But statistics aren't really personal

 

[Fueri]

I think the reality is that panic will cause economic damage.

We're seeing it in the markets now.

This isn't ebola or a high mortality rate disease. likely we're going to have to live with it as an emdemic pathogen unless they develop a vaccine. and, while that sounds lovely, it may also mutate, meaning, like the flu, we have to vaccinate against different strains.

Once people stop shitting all over themselves because, due to their own ignorance, they think the world is ending, things will settle back to normal. starting to look like thats gonna be a while....

It will likely turn out just like SARS, MERS, and Zika virus. Very deadly at the beginning in third world shitholes, finds its way into e US and Europe, but eventually gets under control and goes away.

we can hope for that, but we'll have to see. this one may be around a while.

I do think, however, like most things we'll figure out how to deal with it over time and improve treatments for it. that, of course, depends on whether or not it sticks around and there is a reason to develop those treatments, or it is stamped out and we're just rid of it..

we'll see, I guess...

 

[Fueri]

I think the reality is that panic will cause economic damage.

We're seeing it in the markets now.

This isn't ebola or a high mortality rate disease. likely we're going to have to live with it as an emdemic pathogen unless they develop a vaccine. and, while that sounds lovely, it may also mutate, meaning, like the flu, we have to vaccinate against different strains.

Once people stop shitting all over themselves because, due to their own ignorance, they think the world is ending, things will settle back to normal. starting to look like thats gonna be a while....

I dunno. There can be a political price. It's fact that Trump took money from CDC and Healthcare to pay for his wall. He said that was the "security emergency." If my infant or elderly parent dies, and I can be persuaded that there could have been better care in terms of breathing support and fever reduction ….. One of Trump's major weakness has always been his support for HC. So it's easy to see why he's shitting on everyone near him over this.

Something like 8K minimum die each year from the flu. But statistics aren't really personal

I agree with you. If this blows up and we have a serious number of deaths here, Trump will be blamed, whether or not those funds would have made any difference or not.