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Post by kemp on Mar 10, 2020 5:07:42 GMT -5
TSX sinks 10.3%, U.S. stocks plunge most since the financial crisis ‘Monday’s stock-market meltdown comes as the new coronavirus continues to spread, raising concerns of upended corporate supply chains and prompting calls for governments to inject some fiscal stimulus into the economy. Another side-effect of the virus has been reducing the anticipated demand for oil, global prices for which are also being walloped by Saudi Arabia’s sudden decision to slash its crude prices. Although equity markets are still down for the day, their movements looked to have become less herky-jerky. The Chicago Board Options Exchange’s CBOE Volatility Index, after shooting up past 60 Monday morning, settled in to the low-to-mid 50s range in the afternoon. The sudden drop in the markets to start the trading day triggered circuit breakers in both Canada and the United States, halting trading for a short while. Such was the extent of the turmoil that it was even enough to put some politicians on alert. “What we saw this morning was the systems that support our capital markets working,” Ontario Finance Minister Rod Phillips said during the daily question period at the provincial legislature. “We continue to monitor this situation closely. COVID-19 is having an impact on the economy and be assured that we are working diligently to be aware of its impacts and to respond to them as required.”' windsorstar.com/investing/markets-snapshot-oil-wreck-bear-stocks-rouble-trouble/wcm/63d0415b-1035-4df7-ac4a-fbd8eb33c6c0/
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Post by kemp on Mar 11, 2020 8:14:40 GMT -5
Now time to put some things into perspective. The new coronavirus Covid – 19 has entered popular public conscious due to the nature of the strain to spread via respiratory fluids and the widespread, global reach, of the virus, but it has an estimated mortality rate which is actually less than the SARS epidemic of 2003, also the MERS syndrome which has killed around 34% of the roughly 2,500 confirmed cases since it was first reported in 2012 in Saudi Arabia. www.businessinsider.com.au/coronavirus-compared-to-sars-swine-flu-mers-zika-2020-3?r=US&IR=TConsidering that it’s not as deadly as some of the other strains in recent history, coronavirus has caused an unreasonable amount of mass panic. Data on some of the virus strains from the late twentieth century.
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Post by kemp on Mar 11, 2020 8:20:51 GMT -5
In fact the fatality rate in China from Corona is actually dropping. Considering the facts, it is a shame that some governments, especially those in the EU have gone to extreme measures, reminiscent of big brother fascist states, to limit the freedoms of their citizens, not to mention the damage ( hopefully short term ) to the financial markets and key industries such as tourism. I blame the reckless media as well as certain governments for needlessly creating a hysteria that has taken a life of its own. Of course social, national and economic insecurities also played their part. Imagine other more deadly strains in the future, not to mention natural and man made disasters, and it’s not hard to surmise that the easily led masses could be stirred into another, perhaps worse frenzy. This may be the real danger.
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Post by zarono on Mar 11, 2020 12:36:26 GMT -5
Things are getting---strange. Seriously though I think the real worry is the rate of infection, with a 3% death rate you get some big numbers when tens of millions of people are infected. Warm weather should slow down coronavirus significantly but then there's next year around November to be worried about.
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Post by kemp on Mar 11, 2020 15:47:57 GMT -5
Some of those people, especially the person wrapped up in yellow plastic bags, probably have mental health issues. That kid that was spayed with disinfectant, more concern over the health issues from getting doused with all those bathroom cleaning chemicals than with the virus. Unnecessary craziness. Sad, no pathetic actually.
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Post by kemp on Mar 12, 2020 8:18:01 GMT -5
'Stock Futures Plunge With Virus Fear Gripping Financial Markets' '(Bloomberg) -- U.S. stock-index futures plunged as much as 5%, triggering exchange rules that limit losses for the third time this week, after President Donald Trump’s measures to combat the spreading coronavirus further rattled financial markets. Contracts on the S&P 500 expiring in June were down the maximum 5% at 8:42 a.m. in New York, hitting a limit-down band that prevents further losses. Contracts that expire March 20 also hit the exchange-enforced lower limit. Trump late Wednesday announced a sweeping 30-day ban on travel from Europe excluding the U.K., with the Department of Homeland Security later clarifying that the restriction applies generally to foreigners who’ve been in Europe within 14 days. “Business activity is going to hit the brakes around the world and stock markets around the world are in freefall as the spread of this deadly pandemic virus has the potential to slow the global economy to a crawl,” said Chris Rupkey, chief financial economist for MUFG Union Bank. “If you’re an investor, keep a safe social distance from the stock market as prices are collapsing.” finance.yahoo.com/news/p-500-futures-june-hit-094452402.htmlNot too long ago I was actually concerned about running out of material for this thread. Man, was I wrong.
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Post by kemp on Mar 12, 2020 8:32:07 GMT -5
'Denmark shuts down all schools and universities as coronavirus cases rise' 'Denmark has announced a drastic move to control the spread of the deadly coronavirus, with all schools and universities closed and some public sector workers sent home. The Scandinavian country has seen 514 people diagnosed with coronavirus as of Wednesday (local time), which has risen 10-fold since Monday, the prime minister said the schools and universities would shut down and public sector employees with non-critical jobs would be turned away from work.' au.yahoo.com/news/denmark-shuts-down-schools-universities-as-coronavirus-cases-rise-023933168.html
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Post by darthgall on Mar 12, 2020 11:45:15 GMT -5
Now time to put some things into perspective. The new coronavirus Covid – 19 has entered popular public conscious due to the nature of the strain to spread via respiratory fluids and the widespread, global reach, of the virus, but it has an estimated mortality rate which is actually less than the SARS epidemic of 2003, also the MERS syndrome which has killed around 34% of the roughly 2,500 confirmed cases since it was first reported in 2012 in Saudi Arabia. www.businessinsider.com.au/coronavirus-compared-to-sars-swine-flu-mers-zika-2020-3?r=US&IR=TConsidering that it’s not as deadly as some of the other strains in recent history, coronavirus has caused an unreasonable amount of mass panic. Data on some of the virus strains from the late twentieth century. These seem like apples-and-oranges comparisons. According to nature, there's over 4,000 deaths from Coronavirus and that's in less than 6 months of spread. www.nature.com/articles/d41586-020-00154-wyes, the death rate is lower, but it appears coronavirus is so much more contagious that it will have far greater reach and higher deaths in terms of actual raw numbers.
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Post by zarono on Mar 12, 2020 12:25:48 GMT -5
Lots of good info in Dr. john Campbell's videos.
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Post by kemp on Mar 13, 2020 4:33:07 GMT -5
These seem like apples-and-oranges comparisons. According to nature, there's over 4,000 deaths from Coronavirus and that's in less than 6 months of spread. www.nature.com/articles/d41586-020-00154-wyes, the death rate is lower, but it appears coronavirus is so much more contagious that it will have far greater reach and higher deaths in terms of actual raw numbers. Yes, it is a bit of an apples and oranges comparison, it is serious, that is true, but we did not see the same measures as we are seeing now enacted by past governments, nor the same level of growing media fueled hysteria, and yet we survived all the previous outbreaks. Hate to come off as insensitive, but over 4000 deaths worldwide is just a drop in the population ocean of billions, what about the flue season death tolls every year. The long term damage to our economy will not be calculated until much later as a result of this medieval style hysteria. It is not just about cancelled events, investors, tourism and entertainment, but how this might effect vital supply and trade chains that people depend upon, that is, food, services, utilities, medicine and so on. I certainly don't want to see the draconian style policies that I am seeing now in Italy where the armed services are turned upon their own people. From the article you posted 'China’s outbreak seems to be slowing, with the daily number of new cases dropping' www.health.com/condition/cold-flu-sinus/how-many-people-die-of-the-flu-every-year
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Post by kemp on Mar 13, 2020 4:53:58 GMT -5
'This Is How Many People Die From the Flu Each Year, According to the CDC' 'Overall, the CDC estimates that 12,000 and 61,000 deaths annually since 2010 can be blamed on the flu. Globally, the World Health Organization (WHO) estimates that the flu kills 290,000 to 650,000 people per year.' 'The fact that people are more concerned about COVID-19 than the flu virus is no surprise, says Dr. Adalja. “Anytime there is a new emerging infectious disease that is shrouded in mystery with a lot of unknowns, it captivates people in a way that a regular virus that people deal with on a yearly basis won’t,” he says.' www.health.com/condition/cold-flu-sinus/how-many-people-die-of-the-flu-every-yearMuch of what we are seeing is a cultural phenomenon. Unfortunately, people and governments are prone to overreaction, and I think that this one will be a very costly one. I shudder to think what the state of the economy will be in months to come. 'The War of the Worlds (1938 radio drama)' en.wikipedia.org/wiki/The_War_of_the_Worlds_(1938_radio_drama)The radio drama caused panic amongst a portion of its listeners in 1938. Ridiculous, but imagine how much easier to create panic based on a new viral outbreak. My opinion is that this is as much a cultural phenomenon as it is a real concern that needs to be measured in a more sober and responsible way.
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Post by kemp on Mar 13, 2020 5:00:13 GMT -5
Lots of good info in Dr. john Campbell's videos. Thanks, very informative ( even if I don't agree with certain parts, 'alarming levels of inaction ' ) and I have noticed that there are other videos of interest by Dr John Campbell that I might look at later.
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Post by kemp on Mar 13, 2020 18:47:01 GMT -5
The EU have criticized Trump’s travel ban on European countries, but the irony is that the union is locking down their own EU citizens. www.bbc.com/news/world-us-canada-51857462Seems like the travel ban is restricted to most of the EU nations of Europe. Of course, Norway and Switzerland are non EU members.
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Post by mindboggled on Mar 14, 2020 0:34:24 GMT -5
Things are getting---strange. Seriously though I think the real worry is the rate of infection, with a 3% death rate you get some big numbers when tens of millions of people are infected. Warm weather should slow down coronavirus significantly but then there's next year around November to be worried about. That kid will develop some form of cancer down the line from getting that shit sprayed all over him. It's shocking to see just how stupid the general populace really is.
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Post by kemp on Mar 14, 2020 8:15:48 GMT -5
‘Italy is in a nationwide lockdown because of the coronavirus. Here are the rules its 60 million citizens now have to follow.’ www.businessinsider.com.au/coroanvirus-italy-lockdown-nationwide-rules-2020-3?r=US&IR=TBasically, Italians are facing restrictions on all aspects of life, travel is allowed with police permission, limited opening hours for shops and restaurants, major gatherings are on hold, ‘Italians who want to travel must get police permission. Public transport and airports are continuing to operate, but only essential travel is allowed, the BBC reported. Permissible travel – including flights – includes a valid work- or family-related reason that cannot otherwise be postponed. According to Sky News, train travellers must sign police forms attesting to their reasons, and cars are being stopped for police checks.’ Look at this gestapo BS. I think this is what they call a police state. Europe, no thanks. Don’t ever allow governments to take your freedoms away or what happened to them could happen to you, and worse .
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