Seems like an overreaction, but healthy for people who are long.
Interesting take: “Flu worse than corona.”
https://www.reddit.com/r/wallstreetbets/comments/fau9wo/flu_...
Interesting take: “Flu worse than corona.”
https://www.reddit.com/r/wallstreetbets/comments/fau9wo/flu_...
Current death rate is a joke compared to what it will be once hospitals become swamped.
Social distancing measures may prevent that outcome but will devastate the economy even further.
Look behind the surface level information.
it would be nice if we could encourage low-consequence social distancing now, instead of being mindlessly told not to "panic". we'd have more leeway to keep running the parts of the economy that require social contact.
One of the possibility would be that the virus might much more virulent on Asians (I assume the Diamond Princess passengers are mostly white).
The new virus could have been the same and wipe double digits of the Chinese population so the central government went all in as soon as they heard of it.
Worst if Medical personals were infected and unknowingly transmit the virus.
We still don’t have the full picture, but this is looking to be much milder than originally feared.
China — and this is not meant to give them a pass on all sorts of errors and shortcomings — took fairly dramatic measures and were well equipped.
My concern with this virus compared to SARS is that it spreads much easier, making the problem one of infrastructure and capacity to deal with a large number of cases all at once. E.g., how quickly can we ramp up to deal with a potential outbreak at scale in terms of ventilator beds, etc.
And if not for this, then the next one. Coronavirus has raised a lot of questions about our preparedness and strategy for coping with a pandemic — and personally it feels like we’re sleepwalking a bit here in the West.
Compounding that is the US government's response, which has been quite weak so far.
One more issue is that apparently testing is not adequate, there have been numerous cases where someone tested negative several times only to test positive after a while. This means that containment processes in the western world will not work, no one is willing to blockade a huge region like China did.
In the end, we could end up in a situation where China understood the issue and acted decisively to stop the spread while the western world does half measures and ends up having a huge pandemic on their hands.