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In US
Over 3.2 million new claims.
jog on
duc
Over 3.2 million new claims.
jog on
duc
Economic implications of a SARS/Coronavirus outbreak
- Thread starter greggles
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And the stock market jumps.
More bad news more stimulus.
This is sick
Take a step back and think:
Is the stock market a welfare industry feeding on gov QE and stimulus or does it still represent in any way a barometer of real world companies producing good and services.....
Unreal
Note: i understand why it jumps and so will the asx today yet, the market is supposedly looking ahead and i do not see how that news could possibly be positive ahead
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https://www.theage.com.au/politics/...stralian-assets-20200326-p54e3z.html#comments
All part of the plan.
All part of the plan.
Oh wonderful... and needed it publicised too!
How are your ni hao~ phrases coming along?
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satellite internet provider:
Note the date: just a coincidence?
Skymesh has been running for years so not a new company
Note the date: just a coincidence?
Skymesh has been running for years so not a new company
Knobby22
Mmmmmm 2nd breakfast
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Australian company Resmed now making ventilators...in California.
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There are many ideas that float the internet without a rational basis.
The idea that it's the media that is calling for lockdowns is one. Infectious disease specialists understand how diseases spread, and they have noted how Wuhan's lockdown, a globally unprecedented event, has been successful. It's unsurprising the media should latch on to experts and refer to what has proved successful, and report this.
Our political response has been to ignore best practice and disease experts until the writing is on the wall and their earlier stance has proven wrong. The size of ok gatherings has variously fallen from 500 to 300 to 100 to 20 to 10 to 5. All this apparently on the same best medical advice from our CMO who selectively chooses advice from various expert panels.
Some here think it's the media beating up hysteria, and occasionally it's true. It's also true at time of writing that it's ok for hairdressers to operate, schools to operate as normal, weddings to max out at 5 people but funerals at 10 to name just some strange decisions.
The idea that States are different is sound, but that's a very different logic to understanding disease spread. Worse, in our context it amplifies the mixed messages which have led to public confusion. Right now we have Premiers variously saying they prefer you don't send your kids to school, but its safe to do so!
Ideas like not shutting down all industry and schools in Exmouth W.A, Dubbo NSW, or Longreach Qld, if there is no virus there are sound, but only if true. However, without testing we do not know.
There are widespread conspiracy theories that China hid this disease from the world. There is absolutely no evidence this is true. From advising WHO on 31 December 2019, and WHO immediately passing this on to all nations, South Korea by 3 January 2020 - yes, just 3 days later - had implemented quarantine and screening measures for travellers from Wuhan at their points of entry. Yet, despite full knowledge of COVID-19's high infection rate we had NSW letting passengers off cruise ships without health checks over 2 months later.
I also know little was occurring at our airports as on 7 March I collected my friend (returning from SE Asia) from Brisbane Airport. I mention the date because on 22 March I first discovered you could search flight numbers to see if anyone on a particular flight had subsequently tested positive. It turns out my friend sat in the exact same seat number as a person who did test positive and was on the same flight number the previous day. It may have been a different plane - I do not know. Clearly it was over 2 weeks ago and I have no health issues, and neither does my friend, who is an "essential services worker." Neither of us are young, so we sighed in relief.
Everyone knows the worst for us is yet to come. Some are saying we know we should have done x, y and z with the benefit of hindsight. Except that the advice of true experts in disease control is not being followed, and the obvious lessons of what has been shown to work overseas are not being adopted quickly and, in some cases, not at all.
The idea that it's the media that is calling for lockdowns is one. Infectious disease specialists understand how diseases spread, and they have noted how Wuhan's lockdown, a globally unprecedented event, has been successful. It's unsurprising the media should latch on to experts and refer to what has proved successful, and report this.
Our political response has been to ignore best practice and disease experts until the writing is on the wall and their earlier stance has proven wrong. The size of ok gatherings has variously fallen from 500 to 300 to 100 to 20 to 10 to 5. All this apparently on the same best medical advice from our CMO who selectively chooses advice from various expert panels.
Some here think it's the media beating up hysteria, and occasionally it's true. It's also true at time of writing that it's ok for hairdressers to operate, schools to operate as normal, weddings to max out at 5 people but funerals at 10 to name just some strange decisions.
The idea that States are different is sound, but that's a very different logic to understanding disease spread. Worse, in our context it amplifies the mixed messages which have led to public confusion. Right now we have Premiers variously saying they prefer you don't send your kids to school, but its safe to do so!
Ideas like not shutting down all industry and schools in Exmouth W.A, Dubbo NSW, or Longreach Qld, if there is no virus there are sound, but only if true. However, without testing we do not know.
There are widespread conspiracy theories that China hid this disease from the world. There is absolutely no evidence this is true. From advising WHO on 31 December 2019, and WHO immediately passing this on to all nations, South Korea by 3 January 2020 - yes, just 3 days later - had implemented quarantine and screening measures for travellers from Wuhan at their points of entry. Yet, despite full knowledge of COVID-19's high infection rate we had NSW letting passengers off cruise ships without health checks over 2 months later.
I also know little was occurring at our airports as on 7 March I collected my friend (returning from SE Asia) from Brisbane Airport. I mention the date because on 22 March I first discovered you could search flight numbers to see if anyone on a particular flight had subsequently tested positive. It turns out my friend sat in the exact same seat number as a person who did test positive and was on the same flight number the previous day. It may have been a different plane - I do not know. Clearly it was over 2 weeks ago and I have no health issues, and neither does my friend, who is an "essential services worker." Neither of us are young, so we sighed in relief.
Everyone knows the worst for us is yet to come. Some are saying we know we should have done x, y and z with the benefit of hindsight. Except that the advice of true experts in disease control is not being followed, and the obvious lessons of what has been shown to work overseas are not being adopted quickly and, in some cases, not at all.
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Have see multiple reports of Doctors being jailed and evidence destroyed.?
There's this tweet from WHO almost a week later in the attached image.
Heads should roll for this.
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The stock market is a gambling den, keep that in mind at all times. It will never follow any logic. Trade what you see not what you believe should happen.
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The world is turning upside down: i fully agree with @rederob
Not kidding: 100%
Let's see if my corner of a paper napkin prediction of 1000 death here by the 9/04 hold
If that prediction made by@qldfrog in 2 minutes looking at 4 graphs of available web sites hold, we will know for sure that our politicians murdered 500 people at least.
These include both parties as scomo and the state premiers are both adopting lagging policies.
The only scary thing in Rob post is that it seems he lives in the same state as me
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That sums it up pretty well Q Frog.
I can see the market making huge gains in the short term. Speculation and gambling on sharp movements is very profitable.
I suggest that most investors are now focusing on making money in the stock markets rather than the actual real world companies.
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Very true, so true that I try to limit my discretionary trading and rely on systems instead
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Clearly every fund that is invested in the markets has dropped like a stone. And by definition all the funds are heavily invested in stock markets rather than cash.
Still it would have been interesting to see which if any of the big fund managers reevaluated their positions from late January onwards . By then the explosion of the CORVID 19 in China and the subsequent lockdown was in place. That event alone should have raised concern about global growth.
And there was clear evidence that the virus was also in other countries by the end of January.
But the markets never fully reflected those risks did it even as the evidence unfolded ?
https://www.theguardian.com/science...ls-rises-to-41-as-france-confirms-three-cases
https://www.nasdaq.com/articles/stock-market-news-for-jan-24-2020-2020-01-24
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Coronavirus: 'Act early to save more than 30 million lives'
More than 30 million lives around the world could be saved during the coronavirus pandemic if countries act quickly, a report from Imperial College London researchers suggests.
The ideal strategy is to introduce widespread testing and strict social distancing measures rapidly.
Acting early could reduce mortality by as much as 95%, the report finds.
https://www.bbc.com/news/health-52055546
More than 30 million lives around the world could be saved during the coronavirus pandemic if countries act quickly, a report from Imperial College London researchers suggests.
The ideal strategy is to introduce widespread testing and strict social distancing measures rapidly.
Acting early could reduce mortality by as much as 95%, the report finds.
https://www.bbc.com/news/health-52055546
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China controls its internal affairs with an iron fist. But you have confused this with China meeting its international obligations and reporting an "unknown" disease when they realised they had something very different on their hands.
As to the WHO tweet, read it carefully and compare it with all its other advice. Note also that the WHO issued the same advice in relation to South Korea in January, so it was hardly playing favourites. The WHO did not say it was unnecessary to adopt public health measures in relation to travel and that's why South Korea adopted point of entry testing when they did.
Remember that it was not until well into February that the highly infectious nature of COVID-19 became apparent. Early advice was probably conditioned on the fact that previous corona viruses like SARS and MERS were not easily contractable.
Anyhow, if you are going to suggest heads should roll, why not attach that sentiment to our authorities that still do not appreciate that many lives can be saved by adopting measures which have got this virus under control elsewhere?
[Late edit - see @basilio's link above.]
[Late edit 2 - there is no truth to the rumour that the SWAT team which has surrounded @qldfrog's sanctuary in search of a napkin with treasonous information will be destroyed.]
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BBC response to the lockdown ?
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This vid is probably more suitable for general exhibition.
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Wasn't that an official advice from Doctor WHO?
Knobby22
Mmmmmm 2nd breakfast
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That was actually creepy.
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I should have said OVERNIGHT.
Trump can now say he leads China in something.
The issue will be if US markets react tonight our time to a clear failure of policy to quash COVID-19 spread. By then there will be even more damning statistics.
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