Quote (ofthevoid @ Mar 23 2020 04:09pm)

From what i read so far it's the corporate bailouts. By bailouts, it's interest free loans to companies like the airlines.



I think the damage in money is a good summarized way to put it, but it doesn't encapsulate the multi faceted impact. Like if you are a retiring couple and you only saved enough to withdraw 2.5 grand a month from your nest egg and that covers all your essential expenses but now because of the stock market crash (even old people are exposed to stock the market) you're only able to withdraw 2 grand then you will have to cut some corners. Maybe cut corners on nutrition, cut corners on daily vitamins? Idk. It's incredibly difficult to quantify and say xxxx amount of people will die in the long run because of less purchasing power because their savings tanked but to me it's impossible to see how death rate would be less rather than more when people are poorer. Now apply that on a global scale. Maybe i'm overthinking it, but we can't really say deaths or death rates are independent of wealth or savings.

Quote (ofthevoid @ Mar 23 2020 10:09am)

From what i read so far it's the corporate bailouts. By bailouts, it's interest free loans to companies like the airlines.



I think the damage in money is a good summarized way to put it, but it doesn't encapsulate the multi faceted impact. Like if you are a retiring couple and you only saved enough to withdraw 2.5 grand a month from your nest egg and that covers all your essential expenses but now because of the stock market crash (even old people are exposed to stock the market) you're only able to withdraw 2 grand then you will have to cut some corners. Maybe cut corners on nutrition, cut corners on daily vitamins? Idk. It's incredibly difficult to quantify and say xxxx amount of people will die in the long run because of less purchasing power because their savings tanked but to me it's impossible to see how death rate would be less rather than more when people are poorer. Now apply that on a global scale. Maybe i'm overthinking it, but we can't really say deaths or death rates are independent of wealth or savings.

Quote (balrog66 @ Mar 23 2020 11:12am)

If you're not primarily in bonds by the time you're retired you're not doing it right anyway. Bond markets stayed relatively stable compared to stocks.

Quote (ofthevoid @ Mar 23 2020 04:17pm)

401k's are still structured with stock exposure even when you are close to retirement. There are a ton of high yield dividend stocks that fixed income money managers love for people that need a steady income every month or quarter. So yeah they are mostly in bonds at that point but there is still mucho exposure to things like utilities, reits, etc. which are viewed as pretty safe investments but still got curb stomped in the last couple of months.

https://finviz.com/map.ashx?t=sec

Look at bottom right and see the list of the largest utility stocks and see their performance for today. Traditionally these were safe bets.

Quote (ThatAlex @ 23 Mar 2020 09:07)

353k global cases confirmed according to Johns Hopkins and 15,430 deaths. Equals a 4.36% case fatality rate, higher than WHO original rate of 3.4%

Quote (ThatAlex @ Mar 23 2020 11:33am)

Now that I think more about it, this denominator is probably wrong. Probably a lot of mild cases not tested or reported. Additionally, more severe cases are more likely to be tested and confirmed. Thus, the original WHO rate could be correct. It might be even lower. Not sure. The data from China is probably sketch.

Quote (ofthevoid @ Mar 23 2020 04:36pm)

It's 100% wrong.

I mentioned this previously in this thread, the way they are calculating this rate is deaths/tested positive cases.

In reality the actual death rate is deaths/(tested positive+people who are sick but just sit home and just get through it+people who are sick but don't even know it because they are asymptotic)

Vast majority of people imo are not going to hospitals over flu like symptoms. I know i wouldn't nor any 20 or 30 yr old i know

Quote

Translation

ROME - "The vast majority of people infected with Covid-19, between 50 and 75%, are completely asymptomatic but represent a formidable source of contagion". The Professor of Clinical Immunology of the University of Florence Sergio Romagnani writes this at the top of the Tuscany Region, in anticipation of a strong increase in cases also in the Region, on the basis of the study on the inhabitants of Vo 'Euganeo where the 3000 inhabitants of the country are been subjected to swab.

The immunologist explains that the data provided by the study carried out on all the inhabitants of Vo 'Euganeo highlight two very important information: "the percentage of infected people, even if asymptomatic, in the population is very high and represents the majority of cases above all, but not only that, among young people; and the isolation of asymptomatics is essential to be able to control the spread of the virus and the severity of the disease ".

For Romagnani, what is now crucial in the battle against the virus is "trying to flush out asymptomatic people who are already infected because nobody fears or isolates them. This is particularly true for categories such as doctors and nurses who frequently develop an infection. asymptomatic by continuing to spread the infection between them and their patients. " And again: "It is being decided not to swab doctors and nurses again unless they develop symptoms. But in light of the results of Vo 'study, this decision can be extremely dangerous; hospitals risk becoming areas of high prevalence of infected in which no infected is isolated ".

In Vo '- Romagnani points out - with the isolation of infected subjects, the total number of patients fell from 88 to 7 (at least 10 times less) within 7-10 days. The isolation of the infected (symptomatic or non-symptomatic) was not only able to protect other people from contagion, but also appeared to protect against the serious evolution of the disease in infected subjects because the cure rate in infected patients, if isolated, was in 60% of cases equal to only 8 days.

Quote (balrog66 @ Mar 23 2020 11:39am)

They tested an entire town in Italy of 3k people.

https://www.repubblica.it/salute/medicina-e-ricerca/2020/03/16/news/coronavirus_studio_il_50-75_dei_casi_a_vo_sono_asintomatici_e_molto_contagiosi-251474302/?ref=RHPPTP-BH-I251454518-C12-P3-S2.4-T1



Lots of unreported cases going around. What is not well known though is how infectious asymptomatic people are. It's easy to assume they are not as infectious as people with symptoms (cough etc.).

Quote (Skinned @ Mar 23 2020 04:52pm)

Act as though you have it, many young people carry it without symptoms and think this isn't a big deal. All fun and games until they kill their parents or grandparents.

Americans are individualistic aka strongly narcissistic so they will just so what feels good.

Tests are not being completed at all. Apparently not having national guidance in healthcare matters is bad /s

The most noteworthy thing about this is how much the Boomers lack survival instincts and self-preservation skills.. they are all idiots. It is like growing up in the shadow of 9/11 has made the millenials better adults than the flower children turned corporate shills.

Quote (Skinned @ Mar 23 2020 10:52am)

Act as though you have it, many young people carry it without symptoms and think this isn't a big deal. All fun and games until they kill their parents or grandparents.

Americans are individualistic aka strongly narcissistic so they will just so what feels good.

Tests are not being completed at all. Apparently not having national guidance in healthcare matters is bad /s

The most noteworthy thing about this is how much the Boomers lack survival instincts and self-preservation skills.. they are all idiots. It is like growing up in the shadow of 9/11 has made the millenials better adults than the flower children turned corporate shills.