coronavirus

IMO right now there's so many conflicting claims and fake news on the virus, I wouldn't put too much faith in them.  Based on data from South Korea, we can say that the mortality rate there is approx. 0.5% (for verified infections) to date.  While the mortality rate seems low, the speed/spread of this virus is over the top.  Highly, highly contagious.  Using the 0.5% mortality rate, if there were 3,000 deaths in China it means possibly 600,000 infections.  For the elderly and those with preexisting health conditions, this is a serious concern.

I was at my local Costco on Friday and the bottled water section was almost emptied out.  I also noticed the Kirkland canned foods being stacked on the floor have best used by date of 2021.  Did they decide it was a good time to empty out the warehouse of older stock??  The canned albacore had best used by date of 2022, these are actually supplied by Bumble Bee Foods and is great mixed with mayonnaise on bread or crackers.

Sams Club still has full stock of bottled water as of today.  So if you can't find what you're looking for at Costco, there's a Sam's Club up the 405 FWY.  Unfortunately they don't offer the guest pass anymore so if you don't have a membership, ask your friends and relatives to see if anyone is a member.  Oh and Sams Club's hotdog and pizza looks really sad.

If you have to visit the hospital, bring your own mask.  The visiting patients are raiding the hospital supply of surgical masks and the nurses at Kaiser are @#%$$ over it.  Despite what you might have been told about masks being ineffective, the hospital is still a place full of sick people and contaminated door handles.  Wash hands, bring disposable gloves, whatever works.
 
Aren?t most illnesses/diseases a serious concern for the elderly/those with preexisting conditions? What happens if those people get the flu? They can die right?

Just like everything else, survival of the fittest. No one is saying not to be concerned but the widespread panic is getting funny now. I?ve seen white people wearing masks. That?s how out of proportion this thing is. I?m starting to sound like a broken record but the novelty of the Coronavirus will wear off in a couple of weeks when people have to continue to go to work and the headlines get old and people start to realize it?s no different than the flu.

I?m just happy this doesn?t seem to have any serious impact on kids so I don?t have to worry more than I already do by my kids.
 
Soylent Green Is People said:
Anyone else besides me have family who got H1N1 in 2009? FWIW: Sick, yes. Scary, yes, Thankfully, no death even though California had many deaths from it...
https://en.wikipedia.org/wiki/2009_flu_pandemic_in_North_America

But I don't recall as high a level of concern over H1N1 as there is so far with this bug. It's contagious for sure, but as lethal? Not from what's been reported by most Western nation's.

To me, given our close experience with a pandemic 11 years ago, this is a time to take care, prepare, but not by any means a time to panic. The silver lining here is that as the COVID-19 threat passes everyone stocking up will have supplies at hand for an earthquake - an event so few are at the ready for.

My 02c
Click to expand...

I said it in an earlier post. I had H1-N1 in 2009 along with my six year old daughter. We had Thanksgiving dinner isolated. Thankfully our local Ralph?s scraped together some Turkey and fixings for us at the last minute.  We were just fine, it was a bad cold. Swine flu had a 4% morbidity rate. This thing is WAY overblown.
https://youtu.be/kkCwFkOZoOY[url=https://youtu.be/kkCwFkOZoOY]
https://youtu.be/kkCwFkOZoOY[/url]
 
Another Trump/GOP post. That the coronavirus is a hoax.
Maybe the people who died is fake? Companies/Cities/Countries lost a lot of money because of the virus, but maybe that is fake also? They just want a vacation.

The fakeness by the Trump supporters is like so funnny.
Forget the data, forget the experts, forget the deaths? It?s all fake? Lol

morekaos said:
Soylent Green Is People said:
Anyone else besides me have family who got H1N1 in 2009? FWIW: Sick, yes. Scary, yes, Thankfully, no death even though California had many deaths from it...
https://en.wikipedia.org/wiki/2009_flu_pandemic_in_North_America

But I don't recall as high a level of concern over H1N1 as there is so far with this bug. It's contagious for sure, but as lethal? Not from what's been reported by most Western nation's.

To me, given our close experience with a pandemic 11 years ago, this is a time to take care, prepare, but not by any means a time to panic. The silver lining here is that as the COVID-19 threat passes everyone stocking up will have supplies at hand for an earthquake - an event so few are at the ready for.

My 02c
Click to expand...

I said it in an earlier post. I had H1-N1 in 2009 along with my six year old daughter. We had Thanksgiving dinner isolated. Thankfully our local Ralph?s scraped together some Turkey and fixings for us at the last minute.  We were just fine, it was a bad cold. Swine flu had a 4% morbidity rate. This thing is WAY overblown.
https://youtu.be/kkCwFkOZoOY[url=https://youtu.be/kkCwFkOZoOY]
https://youtu.be/kkCwFkOZoOY[/url]
Click to expand...
 
The fake financial advisor with the fake advice and fake news. Not an ounce of credibility. Not a single ounce.
 
eyephone said:
The fake financial advisor with the fake advice and fake news. Not an ounce of credibility. Not a single ounce.
Click to expand...

I hear ya.

We all knows sell on news and buy on fears.

This time it?s different is that, this is a global concert outbreak. The infections and death rates keeps climbing.


A good advise is to manage and control your own money. No body care more about your own money than you.

1?Avoid fiscally irresponsible people.  Never marry one or otherwise give him access to your money.

2?Avoid money managers. It?s your money and no one will care for it better than you.

3?Avoid debt.

4?Save a portion of every dollar you get.
The greater the percent of your income you save and invest, the sooner you?ll have F-You money.  Try 50%.  With no debt, this perfectly doable.

5?Put this money in the Vanguard Total Stock Market Index Fund (VTSAX)  This is the fund you already own, so just keep adding to it.

5?Realize the market and the value of your shares will sometimes drop dramatically.  People all around you will panic.  They?ll be screaming Sell, Sell, Sell.  Ignore this.  Even better:  Buy more shares.

6?When you can live off the dividends VTSAX provides you are financially free.

7?The less you need, the more free you are
 
Eyephone - why does a contradictory viewpoint have to be a trump supporter? Or politicized? 

CV is clearly not fake news. But it is way overblown. There is a disconnect between what is going to happen vs what people think is going happen. Yes, no one knows how this will shake out but previous episodes of these types of viruses have subsided and the world move on.

There are people in every camp. Too concerned concerned,  not concerned at all, and those in the middle. The educated guess is this thing blows over in less than a year.
 
Trump lashes out at Dems, calls coronavirus their new 'hoax'
https://abc3340.com/news/nation-world/trump-lashes-out-at-dems-calls-coronavirus-their-new-hoax

The same thing Morekas is doing.


qwerty said:
Eyephone - why does a contradictory viewpoint have to be a trump supporter? Or politicized? 

CV is clearly not fake news. But it is way overblown. There is a disconnect between what is going to happen vs what people think is going happen. Yes, no one knows how this will shake out but previous episodes of these types of viruses have subsided and the world move on.

There are people in every camp. Too concerned concerned,  not concerned at all, and those in the middle. The educated guess is this thing blows over in less than a year.
Click to expand...
 
We will be fine...

Five Reasons You Don't Need to Panic About the COVID-19 Coronavirus

1. The number of cases in China is already falling significantly. Where once the graph of coronavirus cases in China showed an exponential climb, it has now leveled off substantially. Just three weeks ago, China was recording more than 3,000 new cases per day. Officials are now consistently reporting fewer than five hundred, with the number still dropping. Seeing much-improved conditions on the ground, big companies like Starbucks and Apple in China are resuming business activities. The latest (Feb. 29th) World Health Organization (WHO) situation report revealed 435 new cases in China in the previous 24 hours.

2. The vast majority of cases are mild, and the death rate is likely lower than reported

5. The world already survived another pandemic just ten years ago. Remember H1N1, more commonly known as Swine Flu? This was the most recent pandemic (besides HIV/AIDS, which is still considered a pandemic). It began in early 2009 and lasted through late 2010. Between April 2009 and April 2010, there were approximately 60.8 million cases, 274,304 hospitalizations, and 12,469 deaths in the United States alone! Globally, it likely infected between 700 million and 1.4 billion people, resulting in 150,000 to 575,000 fatalities. While this loss of life was tragic, more than a decade later, many scarcely remember Swine Flu. The same will hopefully happen with COVID-19.
[url]https://www.realclearscience.com/blog/2020/02/29/five_reasons_you_dont_need_to_panic_about_the_covid-19_coronavirus.html[/url]
 
qwerty said:
Eyephone - why does a contradictory viewpoint have to be a trump supporter? Or politicized? 

CV is clearly not fake news. But it is way overblown. There is a disconnect between what is going to happen vs what people think is going happen. Yes, no one knows how this will shake out but previous episodes of these types of viruses have subsided and the world move on.

There are people in every camp. Too concerned concerned,  not concerned at all, and those in the middle. The educated guess is this thing blows over in less than a year.
Click to expand...

Coronavirus panic may even be overstated, but the supply chain disruptions, slow downs in trade, and most importantly, the psychological effects that this started worldwide may last longer and continue to create a reduction in market confidence and demand.
 
Here?s a few articles from SG:
https://www.straitstimes.com/lifest...tine-after-two-of-her-staff-test-positive-for
https://www.straitstimes.com/asia/e...19-new-coronavirus-cases-brings-total-to-3150
https://www.straitstimes.com/world/...-the-usa-coronavirus-sparks-consumer-concerns

We?re fortunate that the virus outbreak is not as deadly as initially thought. Imagine if delivery trucks stop running and your local supermarket shelves are empty from panic buy.  If you didn?t prep ahead you?d be screwed.

 
May I recommend looking at any chart showing the 2009 H1N1 infection rate history, then guesstimate where the Covid-19 trajectory is along the same path. Pandemics peak at some time. They all do. I don't believe we are near a peak, but one is coming. From that point on, rest aware, but also rest easy.

Being prepped is good. Being panicked... Not so much, and there's an enormous amount of panic-mongering in the news right now.

A different take, but the Covid-19 numbers in the article are compelling:
https://heated.medium.com/theres-an...gger-threat-than-the-coronavirus-ce6e0697185b



 
Ap article: Ecuador reports 1st new virus case; Mexico confirms 2 more

Officials in Ecuador on Saturday confirmed the first case of the new coronavirus in the South American nation, while Mexico reported two more cases and Brazil one more.
https://www.krgv.com/news/ecuador-reports-1st-new-virus-case-mexico-confirms-2-more-213830/

morekaos said:
We will be fine...

Five Reasons You Don't Need to Panic About the COVID-19 Coronavirus

1. The number of cases in China is already falling significantly. Where once the graph of coronavirus cases in China showed an exponential climb, it has now leveled off substantially. Just three weeks ago, China was recording more than 3,000 new cases per day. Officials are now consistently reporting fewer than five hundred, with the number still dropping. Seeing much-improved conditions on the ground, big companies like Starbucks and Apple in China are resuming business activities. The latest (Feb. 29th) World Health Organization (WHO) situation report revealed 435 new cases in China in the previous 24 hours.

2. The vast majority of cases are mild, and the death rate is likely lower than reported

5. The world already survived another pandemic just ten years ago. Remember H1N1, more commonly known as Swine Flu? This was the most recent pandemic (besides HIV/AIDS, which is still considered a pandemic). It began in early 2009 and lasted through late 2010. Between April 2009 and April 2010, there were approximately 60.8 million cases, 274,304 hospitalizations, and 12,469 deaths in the United States alone! Globally, it likely infected between 700 million and 1.4 billion people, resulting in 150,000 to 575,000 fatalities. While this loss of life was tragic, more than a decade later, many scarcely remember Swine Flu. The same will hopefully happen with COVID-19.
[url]https://www.realclearscience.com/blog/2020/02/29/five_reasons_you_dont_need_to_panic_about_the_covid-19_coronavirus.html[/url]
Click to expand...
 
First it was the flu now H1.
This is why I recommend people to refi with big companies. They do not get involve with emotional issues.
God bless America.

Soylent Green Is People said:
May I recommend looking at any chart showing the 2009 H1N1 infection rate history, then guesstimate where the Covid-19 trajectory is along the same path. Pandemics peak at some time. They all do. I don't believe we are near a peak, but one is coming. From that point on, rest aware, but also rest easy.

Being prepped is good. Being panicked... Not so much, and there's an enormous amount of panic-mongering in the news right now.

A different take, but the Covid-19 numbers in the article are compelling:
https://heated.medium.com/theres-an...gger-threat-than-the-coronavirus-ce6e0697185b
Click to expand...
 
Compressed-Village said:
qwerty said:
Eyephone - why does a contradictory viewpoint have to be a trump supporter? Or politicized? 

CV is clearly not fake news. But it is way overblown. There is a disconnect between what is going to happen vs what people think is going happen. Yes, no one knows how this will shake out but previous episodes of these types of viruses have subsided and the world move on.

There are people in every camp. Too concerned concerned,  not concerned at all, and those in the middle. The educated guess is this thing blows over in less than a year.
Click to expand...

Coronavirus panic may even be overstated, but the supply chain disruptions, slow downs in trade, and most importantly, the psychological effects that this started worldwide may last longer and continue to create a reduction in market confidence and demand.
Click to expand...

I would say for about 2-3 months the most.
 
Now it?s time to get political. Trump botched it. This is worst than Katrina. He should of been more aggressive with the virus. The do nothing approach is not calming the fear and capital markets.
 
The same people that said nothing will be wrong. But wait why is the virus spreading all over the world.
Is it propaganda? Who do you trust? Real medical articles or Morekas with his fake advice?

Get out of here!!
 
The same guy that said his friends store is better than KFC and Popeyes. But apparently the sales does not back up his claim. Morekas get a life!
 
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