RE:RE:RE:40-60% will be infected by coronavirus globallyToday add Switzerland, along with Austria and Croatia, as Europeans countries with confirmed cases of coronavirus. Testing is always well behind actual infections. I said this week would be key outside of China. I’ve been spot on. JMHO. GLTA.
WheresMeGold wrote: Sadie, less than 400 people in the US have been tested for coronavirus. However, a virus doesn’t wait around until it’s tested. Throughout the world there is a lack of testing. How do you think Indonesia or Africa have been spared?
Austria and Croatia have confirmed cases today. Europe is about to enter a pandemic stage. You and others can ridicule and mock me all you want. I’ve been spot on thus far.
For the global economy all of this is hugely deflationary with oil perhaps getting hit the worse. JMHO. GLTA.
Sadie222 wrote: Considering how many people we have travelling to and from countries with the virus (especially Asian) and how low our infection count still is, I sleep very well at night. Your 40% number is nonsense.
WheresMeGold wrote: There are some estimating that 40-60% of all people globally will be infected over the next year. 40% of the 7.7 billion people on Earth with a 1% mortality rate is 30.8 million deaths. Current mortality rates for coronavirus is estimated higher at 2-5%, which equates to 61.6 million to 154 million deaths.
Hopefully these estimates are at least a few orders of magnitudes too high. However, it demonstrates that the coronavirus will have a huge impact on a human level and an economic level. Markets have not come to terms with this fully. Energy companies are particularly vulnerable.
https://www.theatlantic.com/health/archive/2020/02/covid-vaccine/607000/