https://www.cnn.com/asia/live-news/coronavirus-outbreak-02-05-20-intl-hnk/index.html The number of confirmed cases of Wuhan coronavirus in China increased to 28,018, by the end of day Wednesday, according to the National Health Commission. That number reflects an increase of 3,694 cases from the previous day. The coronavirus outbreak has killed more than 560 people worldwide, the majority of which are in China, and infected more than 28,000 people in over 25 countries.
country has 1 billion people 30,000 isn't a whole lot infected. the common flu or annual flue is fatal too..usually the death is from elderly gettnig the flu and didn't have a flue vaccine. and it's flu season the flu may not be 100% fatal. if the flue is 100% fatal after 5 days after infected,then I worry.
Man, what's important ain't how many people are infected. It's the rate at which these people can spread the virus to others. 30,000 can easily spread to 240,000 or more in a matter of days. Check out the following graph. From 300 to 24,000 in just 2 weeks.
Just read this article on updates. https://www.cnbc.com/2020/02/06/coronavirus-latest-updates-china-hubei.html First we have Australia saying that the financial hit will be very significant. Since China is their number one trading partner it makes sense, but I think the US market in general is underestimating the impact. The second interesting point was about 200 cases in Beijing. Half of those are attributed to group gatherings, so those have been cancelled. But if you already have 200 cases in a city that doesn't have any restrictions, then could the virus have already gotten out in the general population and over the next few days and weeks thousands of more infections will be realized? I'm starting to think that even if the US doesn't experience an outbreak, the hit to China will be felt globally, and although a money problem the FED can attempt to paper over, the real economy of broken supply chains and goods that are actually necessary don't get delivered will cause an impact that you can't paper over.
Its all about the city that is shut down and zero productivity. Plus, the psychological scare could usually be a much bigger problem than an actual viral threat. Its kind of like the market. As you're saying, its all the people who are scared of missing out which is driving prices higher, and not any fundamental reason.
Drudge had a post about the seemingly inaccurate count provided by the Chinese govt ... actually 154,000 infections and 25,000 deaths .... https://www.taiwannews.com.tw/en/news/3871594
I suspect the government is confirmed cases that then die,where as that data is likely suspected cases that go untreated and deaths which government will claim are unrelated. 10% death rate with most untreated sounds low but guess that's what we are dealing with when it goes wild
An alarming interview if what's said is true. It's long - almost an hour but you may skip the first 3-4 minutes & some stuff in between. It's very likely that the new corona virus is a bio weapon developed in the West and unleashed on China as a revenge for US losing the trade war. As most can see for themselves, China is treating the outbreak as a bio weapon attack, not a new flu virus. Reminds me of a very good 1995 movie "Outbreak".