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| Hudini...from your unique perspective, thoughts on the new Chinese corona virus (Page 40/146) |
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MadMark
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FEB 24, 05:07 PM
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| quote | Originally posted by maryjane:
It's already having an effect on the global economy..just not very much on the consumer end yet.
It works both ways tho. It's helping to keep global gasoline prices down, but also is causing layoffs all over the upstream side of O&G.
Causing big swings in the weekly S&P 500. (3M tho, is NOT a 'buy'..one of the worst performing stocks on the S&P)
Manufacturing around the world is running a shortage of certain raw materials and parts for final assembly.
Big layoffs have not hit N. America yet, but they may if the virus remains active in China for much longer. |
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The US stock markets dropped drastically today. Will that continue or will it bounce back again? Up to this time it seems that the US stock market is pretty resilient.
That doesn't mean that we won't feel an economic pinch though. But, will our economic policies allow us to ride out this storm better than the rest of the world? I think it will. America is resilient and is not locked into one path to success.
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LitebulbwithaFiero
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FEB 24, 05:16 PM
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MidEngineManiac
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FEB 24, 05:25 PM
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The problem I am seeing with the spread is nobody really seems to know an accurate incubation period. I've read anywhere from a few days to 6 weeks.
I've read all kinds of conflicting stuff on asymptomatic cases too.
So combining all the stuff that nobody really knows (or isn't telling ) it's possible this thing started spreading around the holidays (and all that travel) via people who don't know they even have it, or passed it off as a cold or the sniffles.
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MadMark
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FEB 24, 06:00 PM
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I don't think anyone really can be considered outside of the possibility of coming in contact with someone who has the virus. Heck about a week ago I was at the huge Farm Show in Louisville KY. Could some of the people at the show have come from China? Probably, since there was all kinds of machinery from many different countries, including China.
Right now I am not too worried about the people in Detroit. I live in a fairly rural part of Michigan. Certainly not as isolated as maryjane, but small town USA at the least of it.
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blackrams
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FEB 24, 06:06 PM
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| quote | Originally posted by maryjane:
Globally, the CV caused airline downturn is expected to cost around $29 billion in 2020.
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Read today that all the countries sharing borders with Italy have placed armed military and police at the crossings.
Stock market here was down about 900 points all based on the effect CV is going to have on manufacturing and the big corporations.
Until this virus is controlled, stocks will continue to fall. Just my opinion.
Might be a good time to move from the market to gold or silver....
Rams
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MidEngineManiac
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FEB 24, 06:28 PM
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| quote | Originally posted by blackrams:
Read today that all the countries sharing borders with Italy have placed armed military and police at the crossings.
Stock market here was down about 900 points all based on the effect CV is going to have on manufacturing and the big corporations.
Until this virus is controlled, stocks will continue to fall. Just my opinion.
Might be a good time to move from the market to gold or silver....
Rams |
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Simply going on the reactions of governments should be clue enough that we aren't getting near the truth on this.
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steve308
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FEB 24, 06:33 PM
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We do have a very large military presence in South Korea that like any military base(s) people rotate world wide on a daily basis. I'm wondering if my youngest brother and his family are going to make their scheduled transfer back to the states mid march.
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MadMark
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FEB 24, 08:17 PM
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Wow, I just saw a live news cast of Dr. Marc Seigel on Fox News. He sounded like one of MEM's links. He talked to one of the heads of Homeland Security, and he would not rule out the idea that the virus came from that lab in China. He also said we will find a lot more people with the virus in the US.
He is usually cautioning people to not get too excited. But, here he was implying that this was going to be a huge problem in the US.
This was on Tucker Carlson. And so Tucker continued on with more heated rhetoric on this virus with more guests.
Not sure what to think. Is this just Fox News trying to up their ratings, or is this a serious attempt to cover a tough subject.
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MidEngineManiac
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FEB 24, 08:45 PM
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All anybody needs to do is look at the 1st hand reports and video from Wuhan then ask themselves is this a normal reaction to an outbreak of a virus.
When is the last time you ever heard of quarantine done by sealing people in the homes with plywood? Or hauling in portable incinerators to deal with the dead?
About never.
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maryjane
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FEB 24, 10:58 PM
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| quote | All anybody needs to do is look at the 1st hand reports and video from Wuhan then ask themselves is this a normal reaction to an outbreak of a virus.
When is the last time you ever heard of quarantine done by sealing people in the homes with plywood? Or hauling in portable incinerators to deal with the dead?
About never |
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Think about what you just typed MeM.
That's like saying 'When was the last time you ever heard of anyone taking a lot of precautions before a flight to land on the moon?"
About never.
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