This is the end. We are witnessing collapse of the global economy

Discussion in 'Economics' started by orbit23, Mar 27, 2020.

  1. Picaso

    Picaso

    I don't know in the States, but in Europe they're underreporting the dead. Not due to some dark conspiracy, but because they're overrun so they only count the cases of people who die in hospitals after getting tested. In France and Spain for instance, based on yearly statistics, they have an extra couple of hundred of people dying daily at home or in care centers that are not being counted because at the moment they lack the resources to conduct full autopsies. So they expect they will have to add a couple of thousand casualties. :(

    It defies belief that the rest of the world has already 10 times more casualties than China, when we had a couple of months to prepare for this.
     
    #31     Mar 27, 2020
    David Taylor likes this.
  2. Adude81

    Adude81

    Ha. "10 times more casualties than China". NYC alone is proving how fake their reported numbers are.
     
    #32     Mar 27, 2020
  3. You have been spot on with everything you've posted from start to now. Im optimistic about the 3 months (happy to hear it). Why do think this will be done that quickly?
     
    #33     Mar 28, 2020
  4. Cuddles

    Cuddles

    Found athlon's alt account
     
    #34     Mar 28, 2020
  5. lol busted. But seriously, I argued with him for the first few weeks and finally reality set in. Very knowledgable.
     
    #35     Mar 28, 2020
  6. How's that? As of 4 pm yesterday, the NYC had 26,697 cases that resulted in 450 deaths. That's consistent with the Chinese numbers, if anything it's a little lower.

    https://www1.nyc.gov/assets/doh/downloads/pdf/imm/covid-19-daily-data-summary.pdf

    As a side note, I have noticed that NYC has removed the hospitalized and ICU numbers, broken down by age.
     
    #36     Mar 28, 2020
  7. hoffmanw

    hoffmanw

    Probably there is not enough medical resources.

    So far New York City has adequate medical resource at the present for the sick, but it will be reach the peak limit in next couple days due to growing exponential number of people seeking help in the hospital everyday. The new cases in the city have gone almost double every couple days on average.

    After all the medical resources exhaust in the next couple days, the death rate will spike dramatically. There is simply not enough resource in the city to meet the help. They will die of acute respiratory failure without the ventilators.

    Fortunately, the city has been locked down. It is sort of flatten the curve a bit. The arrival of the Navy hospital ship from Virginia on Monday and 400 army medics will increase the capacity a bit, but not a lot.
     
    #37     Mar 28, 2020
    Picaso likes this.
  8. Nobert

    Nobert

    orbit,
    it's time to choose :
    https://www.elitetrader.com/et/threads/sp500-back-to-3300-by-end-of-month.341602/

    or the end.


    Are you high ranking government officer, politician in France ?
    Do you own some private medical corporation ?
    How do you know that ?

    It looks like, any reasoning that is based on facts, gets bombarded by corona believers, exactly with conspiracy theories.

    The heat.


    @dozu888 - kudos to you.
     
    Last edited: Mar 28, 2020
    #38     Mar 28, 2020
    David Taylor and dozu888 like this.
  9. themickey

    themickey

    Approx 1.7% death rate.

    In Australia the death rate is approx 0.4% - 3583 cases with 14 deaths.
    https://www.covid19data.com.au/
     
    #39     Mar 28, 2020
  10. gaussian

    gaussian

    Yes, and if the virus is successfully staved off but they die of related pneumonia or sepsis they'll be counted as those instead of the virus. They need to rush the antibody tests so we can get better numbers. Though perhaps its better we don't know in some ways.

    This meme will never end.

    https://www.theguardian.com/world/2...ome-a-pandemic-as-it-extends-china-travel-ban

    Australia has been ahead of the curve in terms of response. The CDC has repeatedly said the heat does not kill the virus. Australia has been stockpiling and preparing their country since February. It's incredible what listening to your doctors will do!
     
    Last edited: Mar 28, 2020
    #40     Mar 28, 2020