I did not know the number you quoted ..good news..but as you said, even 1 out of 500 would still be highAccording to ABC, 38 of 70 found with the virus had no symptons..... .as they slowly test everyone on the ship.
Since the only ones tested previously had symptoms I'm thinking that roughly 80% who catch it will not be effected.
Also we have better treatment systems.
So instead of 1 in 50 dying, I'm thinking maybe one in 500.
Still a hell of a lot, and will cause huge disruption.
I did not know the number you quoted ..good news..but as you said, even 1 out of 500 would still be high
And we have not yet realised economically the losses already incurred here in oz
Our miners SP and GDP figures are not yet affected, lag plus wishful? thinking?
yes was going to post the link, interesting interview I agree with your feeling about containment, we will just have to hope these measures slow down the spread and wait for the vaccine.Yes, that is bad news, not good news. It will likely be spread by people with little or no symptoms.
In the Age today, a great interview by Elizabeth Knight with Andrew Cuthbertson of CSL.
Also on AM today, Professor Suboro was interviewed by the ABC.
They are both indicating this virus is likely to be very contagious and I get the impression they have little hope of containment. Worth listening/reading for yourself if interested.
Back to work.
With the coronavirus outbreak showing little sign of slowing, cruise lines are abandoning Asia and sending their ships to different parts of the world, including several large ships heading to Australian waters. Some have even cancelled all trips in the region until the end of the year..
Firms in China's sprawling services sector, from restaurants and hotels to shops, cinemas and travel agents, have borne the brunt of the outbreak, besides small manufacturers that were just barely profitable, economists said. "The employment situation is OK in the first quarter, but if the virus is not contained by end-March, then from the second quarter, we'll see a big round of layoffs," said Dan Wang, an analyst with the Economist Intelligence Unit (EIU).
Job losses could run as high as 4.5 million, she forecast. Private firms account for 80 per cent of urban employment.
The USD bull run is still in play. It will only get stronger before it starts a big slide down again. I would not be surprised to see it hit 62 or even below that, great for Aussie exporters, AUD POG and tourism once Covid-19 is under control.https://www.abc.net.au/news/2020-02...ivers-$250-million-hit-to-wa-tourism/11981048
WA tourism cost already estimated at $250m
So $1b overall plus students plus supplies issues coming in
Except of the usd/aud, the market is still aiming for the sky
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