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*** OFFICIAL *** COVID-19 CoronaVirus Thread. Fresh epidemic fears as child pneumonia cases surge in Europe after China outbreak. NOW in USA (14 Viewers)

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I’ll defer to Neil Ferguson, epidemiologist I quoted above at 1% best guess. Still high.
I expect that he and others in the field will be revising their best guesses down with some frequency over the next year or so. More optimism than hard proof, of course.

 
I searched for that quote and it only shows up on Reddit and your link is to 3 hours of BBC radio.  I would love to hear him say all that stuff as I don't believe what is on some reddit thread.  
Having to leave the office now ... but there is a link to Ferguson's (with many others) research here in this thread. Icon posted a bunch of links in one post earlier today ... Ferguson's research is affiliated with Imperial College in London, UK. You can search that college name, with Ferguson's name and "coronavirus" and get a copy of the research.

 
Yeah, maybe I’m being an optimist but IF the virus breaks out of contain and spreads all over there are 2 things I’m optimistic about here:

1) That quality of care rises substantially here, driving down mortality rates as people get access to better conditions fighting pneumonia.
2)Experience only helps. By the time it would get here, a game plan of how to fight it gets more and more complete. What anti-virals work, what warning signs to get on quickly, CDC is learning more and more with each case.

 
***HotTakeAlert***
 

On another note, can China maybe learn from this and shut down these idiotic wet markets and crappy food handling of exotic animals? How many pandemics (every 10 years we get an Asian X Flu straight outta China) have to start there before they get a clue? And it isn’t a 3rd world or tons of people thing as these aren’t starting in India, Bangladesh, Indonesia, Brazil. People need to not shy away from ‘cultural differences must be respected!!!’ and this stuff needs a proper shaming. Maybe the economic impact will finally do it to get their crap together. 

—-Annoyed in America 

 
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Has anyone checked on North Korea since this thing started?  I can't imagine there being any good news out of that country once this hits them.  They haven't reported any cases but I also realize that Glorious Leader won't be telling anyone if there are.  

 
China reports once per day for the Hybei province, around 6:30-7:00pm EST

They report the rest of the mainland once per day roughly an hour later. 7:30-8:00pm EST

 
According to BNO news:

The reason for the sharp increase is because Hubei province is now including clinically diagnosed cases in the number of confirmed cases. This means those cases are not laboratory confirmed. They say other provinces are doing the same.

 
23:30:   14,840 new cases, including clinically diagnosed cases, and 242 new deaths in Hubei province, China.
It's apparently a change in reporting procedures, including cases that should have been included all along.

 
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http://wjw.hubei.gov.cn/fbjd/dtyw/202002/t20200213_2025581.shtml

Link is bogged down, but some detail:

From 02:00 to 24:00 on February 12, 2020, Hubei Province newly added 14,840 new cases of pneumonia (including 13332 clinically diagnosed cases) , of which: 13436 cases in Wuhan, 37 cases in Huangshi, 26 cases in Shiyan, and 13 cases in Xiangyang. Cases, 26 in Yichang, 321 in Jingzhou, 231 in Jingmen, 204 in Ezhou, 123 in Xiaogan, 264 in Huanggang, 9 in Xianning, 31 in Suizhou, 26 in Enshi, 20 in Xiantao There were 69 cases in Tianmen City and 4 cases in Qianjiang City. There were 242 new deaths (including 135 clinically diagnosed cases) in the province , including: 216 in Wuhan, 3 in Huangshi, 1 in Xiangyang, 3 in Yichang, 2 in Jingzhou, 2 in Ezhou, and Xiaogan There were 4 cases in Huangshi City, 4 cases in Huanggang City, 1 case in Xianning City, 2 cases in Suizhou City, 1 case in Enshi Prefecture, and 3 cases in Xiantao City. 802 new hospital discharges (including 423 clinically diagnosed cases) , including: 538 in Wuhan, 17 in Huangshi, 11 in Shiyan, 6 in Xiangyang, 10 in Yichang, 22 in Jingzhou, and 11 in Jingmen 23 in Ezhou, 28 in Xiaogan, 89 in Huanggang, 19 in Xianning, 11 in Suizhou, 10 in Enshi, 5 in Xiantao, 1 in Tianmen, and 1 in Shennongjia Forest District.

Setting aside the newly added "clinically diagnosed cases", it looks like ~1500 new cases under the old method.

:tinfoilhat: wonder if the change in counting method is to somewhat hide the spike in deaths, bring the death rate back down to ~2%.

 
shader said:
2/7 - 277

2/10 - 394

2/11 - 430
2/7 - 277

2/10 - 394

2/11 - 430

2/12 - 490

Updating death toll a bit as another group of people on the ship caught it.
 

 
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03:10:   44 new cases in Japan. They were found on the “Diamond Princess” cruise ship off Yokohama, raising the ship’s total to 218.

 
03:10:   44 new cases in Japan. They were found on the “Diamond Princess” cruise ship off Yokohama, raising the ship’s total to 218.
Yeah I updated numbers above. Might make sense to split cruise ship numbers off.  Feeling too lazy for that at the moment

 
sxsw coming up March 13-22 in Austin. Huge conference comprised of Internet, film, and music. Well over 100k, and similar scale to Mobile World Congress. Today’s news can’t be comforting to organizers. Still a few weeks until a decision would need to be made. 
Seems like apples/oranges to me.  MWC very global, most attendees from outside the US and many from China. SXSW very different demographically I assume.

i am at a very large trade show in Amsterdam right now (80,000+ attendees). Only one major vendor pulled out, plus about 50 small Chinese vendors no one’s ever heard of. Business as usual otherwise, plus lots of hand sanitizer and lots of posters encouraging hand washing. 

 
Wonder what the anti vax contingent thinks of all this.  Will be an interesting test case if one gets out and this thing is now just folded in with the seasonal flu. 

 
Had a talk with a friend yday who works for a major transportation company who said that migrant workers in China have not yet returned to work, in some cases as few as 10% showed up which is pretty bad news for manufacturing, transport and all supply chain related activities. Lots of "think tank" activities going on to try to game out potential future scenarios

 
Can someone explain to me how the stock market is NOT going to get totally crushed in the coming months?  China is basically shut down, which affects nearly every single thing in the global supply chain.  I imagine we’re getting to the end of depleted reserves for all sorts of supplies and goods.  Once companies no longer have stuff to sell, the global economy takes a massive hit.  Even just a few months seems like a big deal.

Am I missing something?  I have friends dumping money into the stock market right now, but that seems totally nuts to me.

And BTW, I’m on the side of “we should take this thing seriously but it’s not a sky falling situation”, but I still think the fact of China shutting down will have major and widespread impacts. 

 
Can someone explain to me how the stock market is NOT going to get totally crushed in the coming months?  China is basically shut down, which affects nearly every single thing in the global supply chain.  I imagine we’re getting to the end of depleted reserves for all sorts of supplies and goods.  Once companies no longer have stuff to sell, the global economy takes a massive hit.  Even just a few months seems like a big deal.

Am I missing something?  I have friends dumping money into the stock market right now, but that seems totally nuts to me.

And BTW, I’m on the side of “we should take this thing seriously but it’s not a sky falling situation”, but I still think the fact of China shutting down will have major and widespread impacts. 
The companies that matter are still working.

 
Can someone explain to me how the stock market is NOT going to get totally crushed in the coming months?  China is basically shut down, which affects nearly every single thing in the global supply chain.  I imagine we’re getting to the end of depleted reserves for all sorts of supplies and goods.  Once companies no longer have stuff to sell, the global economy takes a massive hit.  Even just a few months seems like a big deal.

Am I missing something?  I have friends dumping money into the stock market right now, but that seems totally nuts to me.

And BTW, I’m on the side of “we should take this thing seriously but it’s not a sky falling situation”, but I still think the fact of China shutting down will have major and widespread impacts. 
I’ve said it before in the stock thread—our markets are primed to go boom or bust as our markets refuse to price in or react to risk. When we killed the Iranian general and they retaliated—the market hardly reacted even though tensions in the Middle East are crazy high. We have the second biggest economy on the planet effectively shutting itself down for what will be months—and our markets don’t give a crap.  At some point our markets will start to care and this will catch up to us. When it happens —our interest rates are so low that the fed will be limited in what they can do.   I pulled 10 percent of my stock investments out of the market a  couple weeks ago and I don’t care that I missed out on some earnings. My portfolio has been doing great and I feel a lot more comfortable with some earnings on the sidelines.   I firmly believe that even with the new numbers that the Chinese are releasing with the Coronavirus that the actual numbers are easily 10-20x that. 

 
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Like, wasn’t there a link in here somewhere saying Beijing was effectively shut down.  Is that for real?  And if so, wtf, how does that NOT impact the world economy in a big way?

 
Like, wasn’t there a link in here somewhere saying Beijing was effectively shut down.  Is that for real?  And if so, wtf, how does that NOT impact the world economy in a big way?
Put it this way.  Your entire life you (otis) have brought down the GDP.   Every step you take reduces the overall economy by your bloated expense accounts.   

There are those that add value, build stuff, ship stuff, and give it to hard-ish working Americans that have expense accounts.  Luckily there are more of thems than yous.

The thems are working and the yous arent'.  Eventually the world needs people on expense accounts to go figure out what the thems should be doing, but we can mange a few weeks/months and the world won't stop.

 
Put it this way.  Your entire life you (otis) have brought down the GDP.   Every step you take reduces the overall economy by your bloated expense accounts.   

There are those that add value, build stuff, ship stuff, and give it to hard-ish working Americans that have expense accounts.  Luckily there are more of thems than yous.

The thems are working and the yous arent'.  Eventually the world needs people on expense accounts to go figure out what the thems should be doing, but we can mange a few weeks/months and the world won't stop.
Dude, Oats is a lawyer. Lawyers don't figure out what needs to be done. Leeches, the lot of 'em!

;)  

 
Has anyone checked on North Korea since this thing started?  I can't imagine there being any good news out of that country once this hits them.  They haven't reported any cases but I also realize that Glorious Leader won't be telling anyone if there are.  
North Korea 'executes trade official for visiting a public bath while he was in quarantine over coronavirus fears after returning from China'

Like, wasn’t there a link in here somewhere saying Beijing was effectively shut down.  Is that for real?  And if so, wtf, how does that NOT impact the world economy in a big way?
This article. Beijing, along with 80 other cities so I would think, effectively, most of the country.

To counter that, I've heard rumors that workers will be going back to work in the next week or so to get the machine back up and running which seems like an arbitrarily bad horrendous idea if you don't have this under control and they don't. Some of ham's doom & gloom yesterday, a 4.7 to 7 infection rate means pretty much everyone in China is gonna get it.

 
Put it this way.  Your entire life you (otis) have brought down the GDP.   Every step you take reduces the overall economy by your bloated expense accounts.   

There are those that add value, build stuff, ship stuff, and give it to hard-ish working Americans that have expense accounts.  Luckily there are more of thems than yous.

The thems are working and the yous arent'.  Eventually the world needs people on expense accounts to go figure out what the thems should be doing, but we can mange a few weeks/months and the world won't stop.
Did you wake up today and immediately start to drink? Jk.. Lol.  I’m not sure what your point is—but our markets are not up due to earnings—our valuations are extraordinarily stretched and the earnings multiples for many stock are at crazy high levels.  The vast majority of the reason why are markets are doing so well is financial engineering and a news cycle that caters to the markets.  Corporate tax cuts have led to an environment where companies can purchase their own stocks and keep their prices high.  There will always be people that are willing to put their heads in the sand and choose to be naive/ignorant as long as the result is more $$$.  That’s the predominant driver to why our markets are doing what they are—the earnings metrics don’t justify our levels at all.  Anyhow—we should take this too the stock thread if we want to continue this discussion. 

 
Can someone explain to me how the stock market is NOT going to get totally crushed in the coming months?  China is basically shut down, which affects nearly every single thing in the global supply chain.  I imagine we’re getting to the end of depleted reserves for all sorts of supplies and goods.  Once companies no longer have stuff to sell, the global economy takes a massive hit.  Even just a few months seems like a big deal.

Am I missing something?  I have friends dumping money into the stock market right now, but that seems totally nuts to me.

And BTW, I’m on the side of “we should take this thing seriously but it’s not a sky falling situation”, but I still think the fact of China shutting down will have major and widespread impacts. 
No business is bad business?

Harumph! I say.

 
Put it this way.  Your entire life you (otis) have brought down the GDP.   Every step you take reduces the overall economy by your bloated expense accounts.   

There are those that add value, build stuff, ship stuff, and give it to hard-ish working Americans that have expense accounts.  Luckily there are more of thems than yous.

The thems are working and the yous arent'.  Eventually the world needs people on expense accounts to go figure out what the thems should be doing, but we can mange a few weeks/months and the world won't stop.
Huh?????????

 
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