RE:More corona virus stats from S. KoreaMortality rates always start out low and then rise in the initial stages as you need to get sick before you possibly die, simple stuff really. SARS was initially estimated to have a 2% mortality rate but ended up being above 8%. I don’t think coronavirus will be 8% in the end but it definitely will be above 2% unfortunately.
And overnight the virus continue to go exponential in South Korea and has gained a strong foothold in Italy. Iran continues to be full pandemic. The globe unfortunately is on its way to being full pandemic.
I warned this week would tell the story and it looks bad. Global commerce is going to shrink significantly if this plays out as it appears. The drop in oil consumption could approach levels very few are considering. And central banks can’t cure this as much as we expect them to cure all our economic ailments.
Ignore or mock what I’ve written as many have but it has been spot on thus far. Look for the virus to gain a strong foothold in the rest of Europe over the next week and then its game over for controlling this pandemic. It probably already is. Oil and gas companies like VET will invariably suffer much more. JMHO. GLTA.
https://www.google.com/amp/s/www.telegraph.co.uk/global-health/science-and-disease/coronavirus-news-uk-china-south-korea-singapore/amp/ Moemoney42 wrote: Courtesy of CNBC tonight:
"South Korea reported that two people have died as the country’s total cases rose to 346."
1/2 of 1% death rate is the calculation... far from the 11% again..!
Moe $$