If this were no worse than a normal flu, Italian hospitals would not be piling corpses like firewood and you wouldn't hear of so many Iranian leaders dying in a week. https://twitter.com/mitchellvii/status/1237791597770743808 …
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I'd argue the markets are adjusting more to the oil/gas war then the are the virus. Combined that's causing panic.
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My understanding is that there's only one small pocket of Italy that the healthcare system is being overwhelmed, no?
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I don't believe we have a new reality. Humanity has had novel virus outbreaks before & will again. Nature is beautiful & terrible. We are not in charge. We need to take sensible precautions and this particular outbreak will end. Don't believe any one who claims to know the course
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A 21% market rout in a matter of weeks before there is mass cases (relative to other outbreaks) is panic. If you think it is rational then it's a matter of perspective that can't be decided in either direction. (I am not sure all is great in Italy during regular flu seson.)
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Nothing rational about it at all. It’s a temporary thing even at it’s worst just like H1N1 was in 2009/10. And stocking up on TP and bottled water is not normal prepping, it’s panic buying based on media fueled over reactions
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