The deaths by Corona are actually less than the ones caused by regular flu in the previous years.
So Elon Musk is right. You can just check the flu death stats for the past years and compare them with this year.
So Elon Musk is right. You can just check the flu death stats for the past years and compare them with this year.
That's nonsense. Mortality rate seems higher than flu, and the R0 value that represents how contagious it is also seems higher. The main factor however is that there is no pre-existing immunity. This is why it is sweeping through whole populations; there is no brake from the people who are immune because they have had it before - no-one has had this before. And you can't compare death stats of covid-19 with prior year flu because the covid-19 pandemic is in progress right now, numbers will climb massively from current levels.
No, it's not a hoax. It's a respiratory illness that is now a pandemic. About 200k people have it (that is out of those that have been tested, I truly think this number is much higher) and people are dying of it.
The vast majority of people are losing money from this. The stock market is crumbling, bitcoin is crumbling, unsure on real estate, crude oil is crumbling in price (good for consumers, bad for investors) b/c of a trade war, there is a shortage of certain necessities around the world.
Even if a few people could make money here, this is horrible situation that no one is happy to be in right now.
The vast majority of people are losing money from this. The stock market is crumbling, bitcoin is crumbling, unsure on real estate, crude oil is crumbling in price (good for consumers, bad for investors) b/c of a trade war, there is a shortage of certain necessities around the world.
Even if a few people could make money here, this is horrible situation that no one is happy to be in right now.
Exactly. Economies are in major trouble. I suspect there will be huge waves of nationalisation of whole industries before this thing is done.
I don't know if I would go as far as nationalization of industries, though I do think certain government (unsure on if the US will go this far) on telling their industries that they desperately need them to make certain goods. This would kinda be like a war time economy, where the government is telling industry that they need certain goods made. In a war time it is more forecful, but who knows what will happen when we're in a time of chaos and panic and people need certain things.
We'll see what happens in the coming days. Going to get much worse before it gets better.
