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In other thread, people commented that "it's becoming real" because now we have TWO cases in US among the population over 300M. The current economic damage is a
by sytelus 7y ago
In other thread, people commented that "it's becoming real" because now we have TWO cases in US among the population over 300M. The current economic damage is at least $50M/death due to COVID-19 virus! I'm not sure if this is the most dangerous disease but its certainly most expensive diseases the world has seen so far. So yes, the hype is real.
- detaro 7y agohow are you measuring economic damage?
- sytelus 7y agoLoss in the stock market, manufacturing, 10% of China population in lockdown. The number of deaths so far is under 2500.
- zaroth 7y agoThe hype is hype. The reactions to the hype are certainly real, and obviously extremely overblown. It will be easier to see this by April 1 than it is to foresee it on March 1. In the moment, when reactions are snowballing, it's hard to be the one who doesn't cancel an event. And then of course there will be the people who claim next month that all the economic fallout was worth it because a pandemic never materialized. Personally, I think it's not terrible to have a good solid Stress Test for "Disease X", but it's also very much nothing to worry about. Hopefully the over-reaction this time doesn't lead to an under-reaction if it's ever truly needed.