I heard on the radio that there is only 60 people in the United States that have the coronavirus.
60 out of 330 million. Stock market way down.
The flu is far more deadlier.
The common cold as well then this coronavirus.
The market doesn’t care, right now, about the cases in the US.
The market does care about the supply chain destruction from China.
Making China a single point of failure for our economy was a really bad idea.
How bad? We’re fixin’ to see.
I think this is due to the economic disruption that is headed our way due to effect on China.
I'm ordering another part today from China - can't get anywhere else new. A few days ago, ordered a small muffin fan that spins in telecomm gear 24x7 to keep the chassis cool - the gear wile in service will be in service 6-7 years.
It's not cheap junk - they are precision made and have to be durable to run that long.
Could they be made in the US? I wish they were. I'd even pay more if they were.
It’s down on uncertainty. And Baltic Dry Index
It’s true that there are only 60 known cases and all but 3 of those were on the Diamond Princess or had visited China.
But we are watching how it’s progressing in other countries. And other countries have lost control.
We’re also concerned that the CDC has strictly limited testing, and the problem might be bigger in the US than acknowledged. However if that’s the case, and I hope it is not, it should start showing up soon, because of x-rays of pneumonia patients.
Right now you’re risk of getting coronavirus in the US is very very low compared to getting the flu. But that could change dramatically in one to two months.
The first case in South Korea was announced on Jan 20. 38 days later, they’ve got 1700+ cases and it’s spreading out of control.
There are others that are speculating that it will die out with the flu in the spring. But it spread pretty easily in Singapore with 80 degree weather. Singapore does seem to have gotten it mostly contained though.
That’s like a Chicagoan saying all this fuss for a barn fire? (Although it is too bad about Mrs. O’Leary’s cow, poor thing)
About 3 months ago, China only had 60 people down with it, too.