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I am totally confused by the lack of response to the Corona-virus in the United States. 1. It transmits before patients become aware that they are sick 2. 5 million people left Wuhan (chinese new year migration) before the city was quarantined 3. China is taking drastic measures
4. Chinese New Year has been extended 3 days. Economically alone, this is a HUGE deal. Huge supply disruptions. Huge demand disruptions. Crazy.
The general populace here is desensitized to the succession of "world-ending" calamities we've been hyped. Killer bees, SARS, Global cooling (70s), global warming (yes it's real), Ebola, AIDS/HIV (terrible but not extinction event) and so on. I'm missing lots of examples...
Agree completely with this reasoning. We are desensitized. - SARS didn't transmit before symptoms manifested, unlike this virus. China was less well connected with the world then. - Ebola is fluid contact only - Avian bird flu is bird to human only - HIV is fluid only
There were some huge sell offs in certain stocks in the morning but I think the market is now pricing in a high probability the virus will be contained.
Agreed, DJIA down 400 points is assuming the virus is contained.
Ya, this is insane. We're obviously stopping our trip to China. The economic impact on this is going to be bigger than anyone thinks.
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