Topic: How long this crisis will be? - page 17. (Read 2826 times)

With so much problems I could not let myself to think that the coronavirus was merely made to solve such problems and it just shows how people could be inhumane in solving problems, but that's a very high and out of this earth speculation tho. The recession might happen again yes, but I don't think that America would let that happen since they already know that China is running to them. The money printing is getting out of control, maybe tomorrow the dollar is as pegged as my local currency coz they are printing to much of it, it's really going crazy now.

With the the unemployment rate just went up to 3.3 million and the fed printing unlimited money and with the rate cuts going into the negatives then i say this is only the beginning of the end. Eventually the inevitable will happen after and a recession will take place, this might end even other fiat and goes default. This is really crazy times, i suggest to look for alternatives to store your money.

it is true that there were already several cases which were almost the same as covid19 even more violent, because the death rate was greater. but this covid 19 virus has a nature that is easily spread, so that it makes a lot of people panic. usually after the change of seasons, the virus will stop by itself

If you consider the probability that actually there will be some immunity that is developed in human's body then that is good option but there could be no immunity at all. The whole country could suffer from that

Yes.. I expect at least 6 months..! the average crisis as I comment on the video https://www.youtube.com/watch?v=rs5Yyvih14M&list=PLz_NVO61eqw70kA4Z9z854OoyibpDpOuq&index=2 is 1.3 years
 

i agree on that because based on my research too there are previous more deadly virus and disease that have also gone pandemic before but all of them luckily have been sorted out so much more of this covid when its only more of a flu like virus  ? cure for this shouldnt be hard at all to create and i heard there are now meds available that other countries give but not sure if there are vaccines  .  no one knows how long the crisis will last because the state of the covid is confusing , confusing because many are recovering but many are also still suffering and the situation gets worst on some country

Since the video is in Spanish I cannot comment on it, and it is also unclear exactly what you are referring to when you say crisis., Do you think only on virus or the economic aspect of the crisis? One thing is causally consequently related to another, but the duration of the pandemic and the economic crisis after that is something else entirely. Considering that China has been fighting COVID-19 for almost 4 months with extreme measures and it is still not over, just imagine how long it will take Europe and the USA to put the virus under control? Ignoring the problem from the very beginning (and some do even today) will definitely result in one of the worst health and economic crises in the last 100 years. Recovery will be long and difficult, especially as a recession ensues, resulting in high job losses, reduced purchasing power and very likely a shortage of food due to reduced production.

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I see that the vast majority of UK people still share the view of their prime minister and government that it is better to let people get infected and gain immunity, but if we look at the example of Italy where mortality is more than 8%, the UK would with even less hospital capacity with this way of defense against the virus had several million casualties.

Unfortunately for the residents of the UK, as well as those in the USA, all that is currently happening in Italy, Spain and other European countries will happen to them, but given the measures they do not take, the consequences are likely to be even more drastic.

I don't think anyone knows how long the corona virus crisis will end. But the corona virus is not the worst according to results the analysis
that I did, there is still worse is TB (Tuberculosis) where the number of victims who died more. Although the corona virus is not the worst,
we should not underestimate this virus, because as long as no vaccine has been found that can cure it. Spread will continue. I hope the
vaccine can be found soon, so the crisis can end soon.

Well, if they push through clinical trials and find enough willing volunteers, it's possible to cut that time down. There's a lot of political will behind this kind of thing.

Self quarantine will be enough though, I agree, but there will be (and fair enough) resistance as to people's liberties.

The last flu pandemic in the 1950s led to the economy taking a sharp hit -- but the recovery was just as drastic. I am reminded though that this pandemic isn't the sole reason for this current downturn!

While on the other hand, US already developed one. I just don't know when they will release it on the public. But one thing is for sure, they are now halfway on eradicating this virus. What they need to do is to keep some time to slow the spread rate of virus while the vaccine undergo the right process .

Going back to the question, I think and hope that Covid 19 will end for the next 1 to 2 months if not worldwide then at least here in our country first.

I guess there are more than a handful of countries trying to discover a vaccine or a drug to fight this virus. Japan, Germany, USA, Singapore, and many others are also doing their part in experimenting a new vaccine. This is a race against time. Every single day that passes by without a vaccine means lost lives.

In terms of trust in China, for sure, it is not that easy. And now it is also discovered that a lot of COVID-19 test kits bought from China are actually not working. Spain, Czech Republic, and perhaps a country or two more are reporting failures of COVID-19 test kits coming from China.


If only all the people in the world were like that from the very day the virus started creeping, we wouldn't have reached this worse stage. However, reports from all over the world of people not following lockdown guidelines, social distancing and other health protocols were pretty much common earlier. Events were not cancelled or postponed; people go to parties, sports events, and other gatherings.

As a matter of fact, when some Chinese experts moved to Italy to provide medical assistance after they successfully reduced COVID-19 to a significant extent in their own country, they were shocked at how the people are still moving around and meeting others as if everything's normal.

3-6 months is an impossible time frame for creating such vaccine.The process takes more than one year.
Self quarantine IS enough,if all the people are disciplined and are actually abiding by the rules of the quarantine,which isn't the case in some countries.The "shit will hit the fan" in the USA and UK soon,which will drive a huge global recession.Comparing this pandemic with the "Spanish flu" is completely wrong.Back in 1919,the world was recovering from WW1,the countries weren't prepared for a pandemic and the hygiene of the population was horrible.

every country is looking for vaccine because they all know that they can also be infected not only those big country. The problem about the vacine is it takes a year before they can realease it to the public many testing needed so it will not harm people when its ready and they need to check side effect if they make one.

By Autumn imo when it comes to the health crisis while the economic impact will be long lasting

Valid points.

But some countries that are near to China might not think twice in these times. They'll desperately want to get rid of it and if it's the actual vaccine that helped them to overcome the virus, they might give it a try.

I've heard about Russia and Australia too experimenting for the possible vaccine.

Not sure how many people are going to trust a vaccine imported from China. Other drugs are different because you can do chemical tests to determine what they contain but I think vaccines are a little different. There's still a chance also that Europe will come up with some sort of vaccine before the end of this... (I'm not versed in licensing laws they may have to trial it in every customs area).


I agree with the first half of that definitely. Gone are the days where if one member of the family got sick the rest of the family got sick too.
I have travelled from one densely populated area to another over the past week (I S.I.d in the first place for about 2 weeks before moving as to not transport the virus and generally live a life social distancing anyway). But both places seemed to be taking the virus pretty seriously and both were fairly empty. Even police have moved away from the area too in order to assist with other tasks.

Difficult to determine, the most affected district in China is open again. Now, the world is waiting for them to come and give the vaccine, antidote and any help that will solve this crisis quickly.

The death toll and confirmed cases are increasing from time to time. This brings fear, yes there were other plagues that affected more than this pandemic in the history but it's not the matter. We should apply being optimistic at these times that it will be solved asap just like what we're speculating with the bitcoin markets.

I am on the belief that this is not going to be as bad and long-lasting as those other crises in the past years and decades. We are certainly more advanced now. I am sure the vaccine is coming, and this calamity we are facing right now will significantly die down within the second quarter of this year. 

I guess the primary reason why the virus is spreading very fast is that people are hard-headed. People lack the urgency. People underestimated this virus early on. We are now caught in the middle of this by surprise and finally begun to realize how grave this goes only when the situation is already growing worse.

there are still too many unknowns at this point. it takes a few weeks to see real results from lockdowns and self quarantines. testing is also primarily only being done on symptomatic cases so we still know very little about how far this thing has spread, and how infectious it really is. those things obviously have a lot of bearing on the future economic costs of the pandemic.

i found this post illuminating---also a bit depressing, since it casts doubt on these "back to normal by april" theories:

I don't know Spanish, unfortunately, but this topic is very hot today. Maybe it isn't correct to compare upcoming crisis with already experienced ones. Some experts are sure that it will be like 2008 recession, I mean 2020 crisis will last more than a couple of months.