And by the same logic we can ignore homicide. Comparing the eighth leading cause of death to a novel infection that has just begun its run will always make it sound minor, but as dark as it sounds we are built for flu. Our health systems and supply chains have already factored it in, for non-pandemic years. The problem is trend lines and system capacity. Each individual (otherwise healthy and not elderly) faces a pretty limited risk, but stressing our systems well beyond their capacity is incredibly damaging. A bad flu season already taxes our health system and the new infection is additive, not a replacement.
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The problem is exactly as you inadvertently pointed out, based on how many are infected. If you’re over 60 a cavalier attitude isn’t exactly what’s called for. Also if this flu ever infected as many people as the common flu it would be a disaster, so again being nonchalant and begging for “perspective” would only encourage the spread since so many of us are effectively carriers. I think a little urgency is exactly what is called for to protect everyone until an effective vaccine can be mass produced.
Further, the economic hit being taken has nothing to do with people screaming “EMERGENCY” “we’re all gonna die”. But it does perfectly demonstrate how a “Few” cancelled events, flights, cruises and curtailed travel can heavily impact our delicate economy.
Even though quarantine was successful for China It’ll take then a while to get factories back up to speed, same for Italy and others. Some companies like airlines and cruise lines will not come back from this. What happens when they officially close their doors and lay off 100’s of employees we have yet to see.
If this turns even a few percentages worse we’ll wish we had screamed for more stringent measures.
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This is exactly how I’m rolling. No pun intended.
I’ve rolled this way for years. I’m not a “prepper”. I used to live very rural, and needed to keep at least a month’s supplies on hand at all times in case of a bad snowstorm, floods, ice storm, hurricane, impassable roads, etc. I’ve been involuntarily holed up for a couple weeks a few times, so I always just kept supplies.
I really hope that by buying all this stuff, people may calm down, see the risks for what they are and help each other. This situation is truly terrifying to people and I respect that.
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socialism for the rich again
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We can safely assume that the Fox talking heads are already trying to find ways to blame this all on fear of Bernie and the coming Democratic wave.
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When you’re a petroleum principality that depends on oil being upwards of $80+ a barrel…
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None of those numbers mean anything about his policies, any more than do the historic highs reached by the Dow during his presidency. Almost every stock is still overvalued, thanks to at least four years of irrational speculation.
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hey! we need to protect the cruise ship industry. without cruise ships, what will we do when the ice caps melt!?
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Launch Elon Musk into space?
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at least four years of irrational speculation.
That is the cutest “Thanks, Obama” that I have read in at least three years.
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Why wait?
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I visited Wikipedia’s list of Biggest Dow Jones Movements and marked it up by president.
I suspect this list will be very out of date very soon. Anyone wanna lay bets on whether or not Trump will displace Reagan in the largest-percentage-loss leaderboard?
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“point gains” and “point losses” are meaningless
the point values generally go up year after year but the percentage fluctuations stay the same
a list sorted by point values will always put recent history at the top
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I think he would already be there, except for the “circuit breakers” that were put in place to prevent a redux of Reagan’s crash. If there is ever a drop of 20% in a single session, trading is halted for the day.
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It’s not meant to be about Obama at all. He hasn’t been president since the very beginning of 2017, and I believe the markets began irrationally reacting to the Trump presidency at election time in 2016.
Here is a radical concept: Let’s actually make it a strategic goal to become completely independent of Russian and Arabian oil – Including our financial market exposure.
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By fracking the hell out of every wilderness area in sight?
Thanks, Obama.
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