I don't think we should compare bank crisis of 2008 - 2010 with the health crisis 2020 even though both at the end of the day results in a financial crisis that requires government intervention. Both have a completely different psychological impact if we just allowed it to run its course sort'uv speak...survival of the fittest...right ? Don't forget the fact that several of the world leaders (including Pres. Trump) had trade relationship problems with China prior to the Covid-19 outbreak. In fact, they (including Pres. Trump) stated on live TV that this is a "Chinese Virus"...not our problem and if/when it hits our country...we'll be able to manage it. Heck, the flu has more deaths...many world leaders stated that fact and its true. What they didn't state was that their hospitals are not prepared to deal with Covid-19 patients and those transmitting the disease are not educated enough to prevent further transmission of the disease. Yet, as you stated...the ship has sailed regardless if we like it or not. We're now dealing with it regardless to how many people say we're too late, over-reacted, not the right way, not enough money thrown at it but the one fact that will not change... Currently, many hospitals in North America are not equipped to deal with this virus. I know enough about virus to know the problem is in the method of spread...the young people stating its not serious or over-rated. Thus, you need to remember, 30% of those that are sick...they're under 65 years of age and the fastest growing group of illness are 20 - 34 years old. I have two family members working in the hospital systems in the U.S...in two different states. One in the ER and another in Oncology. What's ironic is that most Covid-19 positive individuals will not need hospitalization. Yet, we can not handle those that will become ill and need medical help from a professional...that's scary to think about. Seriously, preparation to use local football fields and Navy Military ships along with travel warnings to NOT travel. Both my relatives have Facetime with me showing what's it like in their hospitals to show that hospitals do not have enough equipment (e.g. ventilators) to deal with Covid-19 effects and the quarantine of the patients. Seriously, when you see Pres. Trump on national TV stating they are preparing to use football fields near local hospitals, Navy hospital ships and Oil tankers... There's a problem...a big problem that they're preparing for. Seriously, its scary to see that they don't have enough equipment to deal with this. Not enough ICU's, not enough ventilators and many other stuff that there are available drive-thru's to do testing...many don't know about such. Remember, I'm talking about United States and Canada. These are not 3rd world countries. These are suppose to be the countries with the best available medicine. Really, at my relative's hospital...8 people in the ICU for the same illness (Covid-19) and only 5 have a ventilator while the other 3 are struggling to breath with their relatives trying to encourage them to stay alive. Wow. Now imagine someone saying this is an over-reaction ...its offensive...its insulting. Similar to the NBA basketball player (young guy from France name Rudy Gobert) going around touching mics at news conferences and touching his teammates in the face...in a jokingly way while saying its an over-reaction. Later, one of those teammates becomes infected. The idiot Rudy Gobert than tested positive for the Covid-19 several days later including infecting one of his teammates. Worst, the money making machine like the NBA closed its doors and soon the NHL follow suit. They did that because they quickly recognize that people (young athletes) need to be forced to take this seriously because you don't want to become a petri dish for the Covid-19 nor put their players among those fans doing the same...infecting others while enjoying the game. I'm sorry, no matter how sick I would become and if I was his teammate...I'll be looking for Rudy to give him a beat-down. Once again...not enough emphasis...the problem is that the supply has not caught up with the demand. We're struggling to deal with the few that become hospitalized or needs testing. Currently, Covid-19 stats...the fear is that when someone gets sick...about 80% will be OK on their own but they should not be allowed to go around infecting others that may not be so lucky or already have another unrelated problem (e.g. diabetes, heart problems, colon cancer, immune system problem, severe cold or the flu)...about 20% will not be lucky...a few % will die. That's the fact...you gotta shut things down because too many people out there think its no big deal. Its over-rated and do not care if they infect others. I've learned a lot about Pandemics in college...had two years of study in it and unfortunately became severely ill from the pneumonia that most people do not know there's a vaccine for the pneumonia. An illness that kills any age regardless to your health condition prior to the illness. You have doctors treating Corona Virus patients and then must go treat another patient like surgery. Hospitals telling doctors to "reuse your protective medical masks". Seriously, my relatives have been wearing the same medical face mask for 2 weeks while working in a country with possibly the best healthcare ? That's absolutely ridiculous for such to be occurring in the U.S...no excuse for countries like the U.S. and Canada. Back to my own ignorance when I became ill from a different infection called the pneumonia. Seriously, how many people know they can get a pneumonia shot just like a seasonal flu shot ? My own ignorance about such almost killed me...I'm strong in my late 40's. 2% body fact...works out 5 days a week. Former athlete. I thought it was just a bad cold...eat some hot soup, take some cough syrup and bed rest. The ironic aspect is that I thought I was smart enough to get my Flu shot a few months prior to that fall of 2016 and thought that was the only thing I needed to be concerned about and there were no travel warnings about such when I was on vacation in Europe. Never again is now my motto regardless to the name of the illness. Therefore, when that vaccine is developed for Covid-19...I will be first in line to get that vaccine shot. 10 years from now if there's another outbreak of Covid-19...there will be a completely different reaction and it'll be treated like the flu via private companies having secure contracts with the government to mass produce equipment like ventilators. Don't forget what the young people said about HIV when it first started...I remember that too. They said Only GAY people get it...don't worry about it. wrbtrader
Haven't heard reports of people , well, you know. And hope I don't But seems inevitable considering the financial and social stress
This is the most intelligent and accurate post on the forum re coronavirus, thoughtful and completely correct. Kudos! Folks, assume the worst and don't minimize. Look at Italy and extrapolate. Millions may die. I'm staying 100% housebound for at least 8 weeks.
The Fed has done all they can this week. I'd expect a gap down on Sunday night. I think it will be good for shorts. All sharp bounces have been followed by sharp sells, and more the latter than the former. So we are still stair-stepping down. (And they are huge steps!)
Is it ? I d guess someone writing the best post on the topic would be more serious with numbers. 2% bodyfat ? Few percents of people infected will die ? Dying is known to be often ugly, u can focus on those dying while having contracted the new coronavirus or on those who commit suicide or die from lack of (medical) care while suffering of other ailments ( physical or psychological) economic and lack of freedom concerns will take a toll on the population health as well ,that have been pushed aside while government choses to divert ressources to the coronavirus and completely close down many other services. Than public opinion amd government policies might be different Besides someone posted yesterday fatality rates in Italy by age and it was very low for younger folks 0 to 0.4% from 0 to 30 or 40 y o)probably much lower in reality as most asymptomatic or midly sick younger folks apparently arent tested. It sounds more propaganda than serious news to try and convince young people they should change their way of life because the risks they themselves incur from that new virus
You failed to answer the two very specific questions I asked, are you incapable of answering them or are they just too inconvenient for you? At this point your projection is more telling than anything else.
Re Ask the questions I'll see if I can answer them!!! BAD DAY like most people around the world, no more Gym, Swimming, Pub, Cinema, eating in anywhere for the next 3ish months I expect, because massive over reactions and media blowing a bad situation into end of world fantasy, being made worse by snowflakes. Locked in next weekend maybe!!
There are the odd blip, 1 or 2 here and there, where a 25year old or even a young child has died and the media has blown it up to nobody is safe and 1 person got re infected OMG it can come back again and again so you don't want to catch it, just all nutty BS!! Had it 3 - 4 days, feeling iffy, mild breathing pain, kinda tired, had way way worse, 5 of my mates got it off me, all doing fine, no 1 tested, so not in the figures. Got a mate, same age as me 49, not as fit but no real issues, self isolated, not left the house in 12days, SCARED shitless, thinks we should all be locked down, madness.
Not in Italy nor know any health professionals there. My numbers were from Washington and Illinois. Not propaganda. FACTS from health professionals. Also, I didn't think I was talking to young people here. I assumed those I was talking to are over 40. Besides, I have my own children to be concerned about and their grandparents too. Once again, no propaganda in my message posts - President Trump (e.g. football fields, Navy Medical Ships, Oil Tankers), not enough ventilators, Rudy Gobert, Chinese Virus, Trade War with China, Pneumonia, crowed Florida beaches...really...which is propaganda. Please be specific. Thanks. If someone doesn't want to protect themself...that's their choice and they get no pity from me when they later become ill or infect someone that can not fight off the Covid-19 as well as they did. The sad part, most that are asymptomatic...they do not even know that when they do not self isolate...they are infecting others. Talk to Rudy about it...he's the typical example or go to Florida for the March spring break...same theme. Reality, its too late...what's done is done. Too many cry babies and I said the exact same thing to those at college saying similar like statements when they reacted about HIV when it first started. Not propaganda...just FACTS. P.S. I already stated I was ignorant to believe that I was healthy and in great shape. Didn't think something like a cold could do me in when in reality it wasn't a cold...it was the pneumonia. Here's another fact about these bacteria or virus infections...more facts taught in medical books...there will be a 2nd wave after new cases are on the decline or stop. China has recently announced they have not had any new cases of Covid-19 and are in fact preparing for the 2nd wave. I bet they'll be better prepare to handle that 2nd wave in comparison to the 1st wave. Here's another FACT...countries that reacted in late December 2019 via stopping the community transfer, aggressive inspections / testing and such...they are doing very well today in comparison to Europe and North America. I believe (heard on the news) they are ramping up their travel restrictions now to prevent Europeans and North Americans from entering their countries...the wheel goes round n round. wrbtrader