How long this crisis will be? - page 13.

Subbir

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Quote from: Sternbinder on April 04, 2020, 10:32:48 AM

In today's situation it is difficult to make any forecasts, but even when all this calms down a little, the consequences will be visible for a very long time, not everyone will be able to quickly establish financial issues.

It will take a while to beat the financial crisis But timely it's close to end Many countries around the world have already come in check. The virus is often controlled albeit the country's economy is disrupted but the financial problems remain.

cutesgirl

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I can't predicting when this virus ended and how long need time for some country to recovery and back to usually moment, Italy and United State become terrible country have get corona virus and more than one thousand people die there, almost five hundred people pass away every day and look terrible.

Oilacris

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No one knows on how long this pandemic would be and as long the vaccine isnt available yet then for sure this virus wont really be killed nor controlled.
Lots of companies now are trying to find the cure or vaccine and theres no other way but to wait for this thing.
We do set out lockdowns and community quarantine but we cant totally get rid of this covid.

Quote from: exstasie on April 04, 2020, 05:41:46 PM

Some promising news from a US bio-engineering company. They think they've found an extremely effective treatment for the corona virus in the form of synthetic antibodies. https://www.foxnews.com/media/immunologist-possible-cure-for-the-coronavirus

Thanks for the share up and hoping this time it would be the real thing and basing on the summation they would have the finalization in August which is way too far imho
and i cant imagine on what would happen to the world on that time.

exstasie

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Some promising news from a US bio-engineering company. They think they've found an extremely effective treatment for the corona virus in the form of synthetic antibodies. https://www.foxnews.com/media/immunologist-possible-cure-for-the-coronavirus

These are the next steps:

Quote

"Our next move is we hand this off to the U.S. military, a consortium from the Gates Foundation and some private groups. And all of them are going to test the potency of neutralization of our therapeutic. We're also working with Charles River Laboratories that runs safety and talks to make sure the stuff safe to put into people," Glanville said. "And we're going to go into a scaled up manufacturer. So at that point, what you do as you do a phase one last two human trial, and that's we're aiming to do that towards the end of the summer around August."

Sternbinder

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In today's situation it is difficult to make any forecasts, but even when all this calms down a little, the consequences will be visible for a very long time, not everyone will be able to quickly establish financial issues.

ololajulo

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The prediction is in months, 6-9 months. Some factors like the prescribed time to test vaccines is 2 years but due to the extent of deprivation caused by the crisis it was reduced to 6 months. There are lots of notification of discovery both as cure and vaccine to control the spread and symptoms. We expect the administration of the drugs and vaccines in few months. Most of the long period predicted was meant to help prepare for any eventualities, it might likely be shorter.

Blackdeath

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We are now more advanced unlike the old days that it takes years to find a cure for a disease, and every scientists and doctors all over the world are helping each other to defeat and prevent this COVID-19 from spreading. So i think it will only take for 3-5 months to find a vaccine or a cure for these virus, as lomg every families are really staying inside their home just to prevent the virus from spreading.

wozzek23

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There is this timeline that people are talking about where the virus number will continue to go up for a little bit more while, maybe like a month or so, at most two months, after that it looks like the number of cases that gets infected will not really change too much but the amount of people who dies will go down.

Humanity basically will get used to this, viruses never really go away and stop, we just adjust to it enough. Think about it this way, before you get a flu, you get a flu shot, what is that?

Basically it is a small flu itself, it gives you an example to your body so your body gets ready for the real one, it trains your body to be stronger against it. Well, we already have corona going around, as long as we keep beating it the amount of dead will be less because people who might die will eventually die already.

Averim

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The virus wont disappear and entire financial systems are influenced by it. Considering the fact the virus will be something similar like the flu (as frecventi) probably the crisis will be till autumn, until financial motors start to work at full power.

exstasie

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Quote from: iv4n on April 03, 2020, 05:56:57 AM

But, there's but here of course, many people are without work, without saving, and without any source of income left. People who lived from day wage, and their families, those people are in huge problem now.
Economy is falling apart, something like this never happened before.

Ever seen a US senator and presidential candidate call for freezing rent payments? That's how bad it's gotten. https://twitter.com/BernieSanders/status/1245518423351853061

And yet the markets are rallying! Grin

Crude oil is up 40% over the past several days, and the US stock market doesn't seem to care that over 6 million people are unemployed.

This stuff is taken straight out of the Twilight Zone. Nothing makes sense when the Fed promises to pump trillions of dollars into the market. Roll Eyes

Sadlife

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I dont think so, we have much more advanced technology compared in the old ages where it takes a 5-8 years or even decade to find a cure. Right now, with the thousand of research and medical scientific advancement. My guess is it would take 1-2 years.
But hey, who knows maybe some pharmaceutical company already built a vaccine and this is all part of their scheme.

iv4n

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Quote from: ethereumhunter on April 03, 2020, 05:25:45 AM

We don't have to ask about when this will over because no one will know the right answer. What we need to do now is always make sure we are safe, we can protect ourselves and our family from the virus by doing something. I don't need to mention about what we need to do, but as long as we can keep healthy and manage our life to have immune, I think we will be safe, and we can protect our body from any virus. Maybe the virus will end in the middle of this year or next year, but that will not work if we cannot keep our lives safe.

Well you are right about what you said, we need to be safe, and some of us are. We still have some income, saving, we can buy what we need and stay at home! But, there's but here of course, many people are without work, without saving, and without any source of income left. People who lived from day wage, and their families, those people are in huge problem now.
Economy is falling apart, something like this never happened before. There were drops, but never to zero! Many companies and different businesses stopped working, people don't spend money like before, we buy only what we need, and we save the rest.
Global economy took a hit, and I am afraid that that hit will not be the only one. The effects of global lockdown are visible already, and I think it will become much worse before we see better times again.

ethereumhunter

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We don't have to ask about when this will over because no one will know the right answer. What we need to do now is always make sure we are safe, we can protect ourselves and our family from the virus by doing something. I don't need to mention about what we need to do, but as long as we can keep healthy and manage our life to have immune, I think we will be safe, and we can protect our body from any virus. Maybe the virus will end in the middle of this year or next year, but that will not work if we cannot keep our lives safe.

Negotiation

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I agree with you but I don't think this crisis will end so soon All countries are trying to tackle this but nothing is possible As the days go by, the virus continues to grow. Every country is spreading to one country, while one country controls it. Even with some control during this month it cannot be tightly controlled Despite being brought under control by China it is again affecting China.

Jateng

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Quote from: Genemind on April 01, 2020, 06:35:52 PM

Everything won't end once they find a cure for this virus. We all know that the global economy has been damaged so it will take time for it to recover. It will take time before everything gets back to normal and that's a sad fact that we have to deal with. The number of infected people is still increasing in each country which is really alarming. If countries will unite I'm sure that most of us will survive this crisis.

If everyone participate to control this pandemic soon this crisis will end. All country are now doing their task to prevent this pandemic and lockdown have been implemented. Everyone must do self-quarantine, its takes about 10-14 days to come out the symptoms.

Global economy can recover but if people is they died will not. We should focus first in prevention not how economy will recover. I think lockdown will be effective if people will cooperate, they should start with themselves. I hope this April our country will free to the virus as well as other countries.

Genemind

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Everything won't end once they find a cure for this virus. We all know that the global economy has been damaged so it will take time for it to recover. It will take time before everything gets back to normal and that's a sad fact that we have to deal with. The number of infected people is still increasing in each country which is really alarming. If countries will unite I'm sure that most of us will survive this crisis.

FlightyPouch

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Quote from: Ailmand on March 30, 2020, 01:49:20 AM

Unlike the old days, we our medical approach and technology is more advanced. Let's just hope that the news that there is already a cure for Covid is real and that countries who were able to create one will lend a hand to other countries without putting money first.

China just did right? They sold a lot of test kits to Spain and as expected, a lot of those test kits are faulty. It is not a cure but it is a good reaction based on the numbers being shown by WHO. China has the highest recovery rate in the world right now and obviously, they ould really approach the country for that. Despite the technology being more advanced, we can't really fight a virus that easily especially with people not following policies about this.

nosferzd

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Quote from: Btc_1856 on April 01, 2020, 07:42:11 AM

The virus is spreading very quickly, which there are many countries losing their financial crises by lockdowns. In the coming days, we might see more members will be affected by this Corona Virus, I hope it will easily take more than a year to recover the looses now we are facing. Many financial institutions will start firing the employee. Through this Covid-19, already the crises have been started.

The saddest thing is that the virus has not yet affected many countries in such a volume as China, Italy or the United States, but there is already a complete destruction of private business. Many are fired by an employee and shut down their business. “More than a year” for recovery is an understated amount of time! For many, this will not even be a recovery, but a launch from scratch.

travwill

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Quote from: Subbir on April 01, 2020, 07:55:32 AM

How long this crisis lasts is difficult to mention But if we exerting after controlling the virus that has damaged the planet economy the damage is often minimized to some extent. However many will agree. that's why the govt has got to choose this.

The fight against viruses directly kills the economy, because the main control measures are universal isolation.
Obviously, the rest of the world will remain at home, leading to an even greater recession.

exstasie

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New estimates are in from the IMF. They say economic recovery is unlikely until 2021. In other words, we're looking at another 2008-2009 situation:

Quote

The International Monetary Fund has declared that the world economy has now entered a recession and recovery is unlikely until 2021. As many as 25 million jobs could simply disappear and the world could lose some $3.4 trillion in labor income.

Trump just told Americans to brace themselves for a "very, very painful two weeks."

https://www.nytimes.com/2020/04/01/world/coronavirus-news.html#link-6d896d35

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