The coronavirus is over 10x deadlier than the usual flu according to early estimates.
https://www.cnbc.com/2020/02/03/the-flu-has-already-killed-1...
That said, the serious complication rate is higher than the flu.
The r0 is much higher than the flu.
The disease is spread asymptomatically.
Nobody is ready if the disease does take hold and spreads widely.
Markets are/will continue to take a massive shit.
Correct.
> less than the usual flu
I'm pretty sure that's wrong. From a quick Google the best I could find was an Atlantic article saying the rate is typically around 0.1%. https://www.theatlantic.com/health/archive/2020/02/covid-vac...
So it seems prudent to reiterate that the only causes for social disruption & need to prep would be to have unjustified panic and run at stores like the behavior seen in Italy.
the fatality rate increases with age, up to ~15% for >80. i don't know about you but i have older people in my family that i'm very concerned about.
Age is very significant for mortality rate: 0-9: 0%, ..., 60-69: 3.6%, 70-79: 8.0%, 80+: 14.8%. Also the regional breakdown is apparently a useful approximation of what happens when the healthcare system is overwhelmed (Hubei 2.9%) vs not (other Chinese provinces 0.4%). Also 81% patients reported mild symptoms.
If those beds start to fill up... people that might otherwise be helped through the worst might be in trouble.
https://www.lastampa.it/cronaca/2020/02/27/news/coronavirus-...