SARS happened 17 years ago yet a lot of people remember it vividly. It had a dramatically smaller infection and fatality count than COVID-19 already has, and C

SARS happened 17 years ago yet a lot of people remember it vividly. It had a dramatically smaller infection and fatality count than COVID-19 already has, and COVID seems to be just getting started. I understand why people want to be optimistic, but this is a really big deal. The markets aren't taking a multi-trillion dollar haircut for nothing. Governments aren't quarantining tens of millions and undertaking absolutely historic responses for nothing. And if anything, the impact of this is being grossly under-considered yet. Travel is withering to nothing. Airlines are flying around a bunch of empty jets. As these start appearing on balance sheets the cascading effect will begin.