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PaisleyPattern saysItaly is now close to 2000 in only a few weeks.
Italy is different from the US or China.
Italy has open borders.
Italy has an unusually large elderly population.
Italy seems to have flu issues in other years as well:
https://www.thelocal.it/20180119/italy-worst-flu-season-in-14-years
2018 was an unusually bad year everywhere, even in the US, but nobody made a big deal about it:
https://www.breitbart.com/politics/2018/10/02/flu-season-arrives-after-highest-death-rate-in-four-decades-80000-estimated/
PaisleyPattern says3/ the extreme reactions by governments, especially the United States, now, to try to control it.
In an overly litigious society, one should not be surprised at an over reaction.
What I've been saying.... https://www.nbcnews.com/health/health-news/social-distancing-could-have-devastating-effect-people-depression-n1157871
Gonna kill more through our reaction. But hey.... old people.
My hope is that the containment will work quickly and paired with the warmer weather we can lift it sometime in April. The growth rate in the US is by far not what Italy had, despite alarmist articles.
Has there been evidence though that it will slow with warmer weather? Not saying it won't, I just don't know.
Has there been evidence though that it will slow with warmer weather? Not saying it won't, I just don't know.
mell saysMy hope is that the containment will work quickly and paired with the warmer weather we can lift it sometime in April. The growth rate in the US is by far not what Italy had, despite alarmist articles.
Has there been evidence though that it will slow with warmer weather? Not saying it won't, I just don't know. If things go back to "normal" in June and the numbers ramp up, it's going to be hard to tell. And then does everyone hunker down again? If the economy takes a quarter off, I really don't see what the government can do. It will be a disaster.
I'm not worried about the growth rate here in the states for CV-19 besides the coastal cities (LA, SF, NYC, MIAMI, etc) and Chicago and Houston. I know there are other large cities, but the US is no where near as densely populated as Italy. Throw in open borders, age and a higher smoking rate and Italy is a bad place for this virus to be.
50% of Americans will contract the virus (150m people) as it's very communicable. This is on a par with the common cold (Rhinovirus) of which there are about 200 strains and which the majority of Americans will get 2-4 per year.
70% of Germany will contract it (58M people). This is the next most relevant industrial economy to be effected.
Peak-virus is expected over the next eight weeks, declining thereafter.
The virus appears to be concentrated in a band between 30-50 degrees north latitude, meaning that like the common cold and flu, it prefers cold weather. The coming summer in the northern hemisphere should help. This is to say that the virus is likely seasonal.
Of those impacted 80% will be early-stage, 15% mid-stage and 5% critical-stage. Early-stage symptoms are like the common cold and mid-stage symptoms are like the flu; these are stay at home for two weeks and rest. 5% will be critical and highly weighted towards the elderly.
Mortality rate on average of up to 2%, heavily weight towards the elderly and immunocompromised; meaning up to 3m people (150m*.02). In the US about 3m/yr die mostly due to old age and disease, those two being highly correlated (as a percent very few from accidents). There will be significant overlap, so this does not mean 3m new deaths from the virus, it means elderly people dying sooner due to respiratory issues. This may however stress the healthcare system.
There is a debate as to how to address the virus pre-vaccine. The US is tending towards quarantine. The UK is tending towards allowing it to spread so that the population can develop a natural immunity. Quarantine is likely to be ineffective and result in significant economic damage but will slow the rate of transmission giving the healthcare system more time to deal with the case load.
China’s economy has been largely impacted which has affected raw materials and the global supply chain. It may take up to six months for it to recover.
Global GDP growth rate will be the lowest in 30 years at around 2%.
S&P 500 will see a negative growth rate of -15% to -20% for 2020 overall.
There will be economic damage from the virus itself, but the real damage is driven mostly by market psychology. Viruses have been with us forever. Stock markets should fully recover in the 2nd half of the year.
In the past week there has been a conflating of the impact of the virus with the developing oil price war between KSA and Russia. While reduced energy prices are generally good for industrial economies, the US is now a large energy exporter, so there has been a negative impact on the valuation of the domestic energy sector. This will continue for some time as the Russians are attempting to economically squeeze the American shale producers and the Saudi’s are caught in the middle and do not want to further cede market share to Russia or the US.
Technically the market generally has been looking for a reason to reset after the longest bull market in history.
There is NO systemic risk. No one is even talking about that. Governments are intervening in the markets to stabilize them, and the private banking sector is very well capitalized. It feels more like 9/11 than it does like 2008.
50% of Americans will contract the virus (150m people) as it's very communicable.
Not sure about the 50%, but it's possible if the virus is really super-infectious. People have to go out and get food and bring it home, etc.
Also unclear: several sites say that the virus is spread mostly by asymptomatic people. How though? If they are not coughing, it is just about what they touch? Or does mere breathing spread it?
As of March 15 Sunday, the WHO reported 10 critical cases presently in the USA, and 69 have died so far.
I hope things settle down soon, but media and liberals are spreading panic.
Facebook people who are bleeding heart Trump haters talk about the lack of tests, scary deaths in China and Italy, and generally blame Trump for being “inept”.
I saw a news story yesterday “Another Corona virus victim has died in Santa Clara. It was a woman in her 80’s.”
After my stint in Florida, I heard about people over 80 dying of pneumonia all the time, and I also saw it kill people I knew, long before this type of viral pneumonia arrived.
The rate of increase in the US and Canada seems to have slowed in the last few days:
6 mar 100 new cases
7 mar 116 new cases 1.16 of old
8 mar 121 new cases 1.04 of old
9 mar 178 new cases 1.47 of old
10 mar 290 new cases 1.63 of old
11 mar 247 new cases 0.85 of old
12 mar 426 new cases 1.72 of old
13 mar 567 new cases 1.33 of old
14 mar 718 new cases 1.26 of old
15 mar 806 new cases 1.22 of old
https://coronavirus.1point3acres.com/en
Not all cases are actually sick people, rather likely to be sick and capable of spreading it.
The rate of increase in the US and Canada seems to have slowed in the last few days:
6 mar 100 new cases
7 mar 116 new cases 1.16 of old
8 mar 121 new cases 1.04 of old
9 mar 178 new cases 1.47 of old
10 mar 290 new cases 1.63 of old
11 mar 247 new cases 0.85 of old
12 mar 426 new cases 1.72 of old
13 mar 567 new cases 1.33 of old
14 mar 718 new cases 1.26 of old
15 mar 806 new cases 1.22 of old
https://coronavirus.1point3acres.com/en
Explain how china only has a few thousand deaths with a multi month head start on us
Patrick saysThe rate of increase in the US and Canada seems to have slowed in the last few days:
6 mar 100 new cases
7 mar 116 new cases 1.16 of old
8 mar 121 new cases 1.04 of old
9 mar 178 new cases 1.47 of old
10 mar 290 new cases 1.63 of old
11 mar 247 new cases 0.85 of old
12 mar 426 new cases 1.72 of old
13 mar 567 new cases 1.33 of old
14 mar 718 new cases 1.26 of old
15 mar 806 new cases 1.22 of old
https://coronavirus.1point3acres.com/en
We should all question the data from CV. the people being tested are probably the most sick. Therefore most likely many many times more people have it already.
This also means the deathrate is probably a fraction of the 2% estimate.
I'm still suggesting we wont get to 1% of average flu deaths in US. >35 dea...
No one can, unless the higher ups know the Chinese are full on completely making the data up and that this actually is a true killer. The reaction doesn't fit the numbers as you mention. The super sick get tested and most people think they have a cough and cold and just get some rest and never get tested or visit the doc.
Explain how china only has a few thousand deaths with a multi month head start on us
but I expect it to remain between 15%-30% growth til it significantly levels off from the lockdowns.
mell saysLooks like we may hit 1100 new infections today.
What's your source ?
China totally locked down a metro area of 16 million people. Only letting them out for 5 minutes a day. And the govt delivered food to them. I don't think we other wise have accurate info. That's why we need our own.
Perhaps, Marcus, if you love those policies so much, you should fly yourself to Wuhan or North Korea, and leave the rest of us alone.
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