[Covid and the Economy]

On 22/03/2020 at 02:44, Caseynotes said:

Still can't quite work out why we are deliberately destroying the economies of every first world nation because of this flu virus. Yesterday I went shopping at the local mega supermarket where the shelves were all well stacked and I happily mingled with well over a hundred people doing our shopping but I'm not allowed to go to the local pub (avg 20 people) or the local gym (avg 20 people).

The latest stats on US cases I saw was on Friday night where it was reported 99% of cases were classified as mild (normal flu like symptoms) and 99% of deaths were in the over 70s age group. True the death rate for WuFlu is higher than common flu currently 1% vs 0.1% in most western countries. Italy is looking like an outlier compared to the rest at this stage and no one seems sure what's going on there. Also is the fact that most of the US cases are in just 2 large cities with the rest of the country relatively unaffected. For example the state of Arizona has 7 million people and is now in total lockdown because of the death of 1 person (over 70 years old with an underlying medical condition) and people are starting to ask why? The WuFlu cases are still nowhere near the number of normal flu cases where a week off sick is all that's needed for over 99% of sufferers. 

I understand the use of containment in the prevention of the spread of a disease but also know that if triggered too early has no affect other than causing bankruptcies and despair, my heart bleed over selfies on twitter of Sam Smith in tears all alone in his 11 million pound mansion 😪. In less than a week of lockdown some commentators are claiming it a great success because the infection rates are continuing as before (not rapidly expanding) hmmm.

None of this seems to fit together unless there is something huge we are not being told.

 

 

Hey everyone new trader here. just started 2 weeks ago. Just wanted to share what we have seen of the virus in the US. I live in Texas but travel frequently across the states. I still have refused to wear a mask (except when on the plane. Dumbest rule ever.) But hospitals are not being over run, there isnt a pandemic. This is one of the largest worldwide political scams in history. I hope everyone across the world fights for the rights and freedoms of the individuals not the systems and corporations that lie and want to regulate us. The saying "BUILD BACK BETTER" is seen almost in every country by certain political parties. That should be a warning to everyone. They have torn down the economies of every country and most if not all small businesses have gone out of business. This is the greatest transfer of wealth from the everyday working civilian to the large corporate machines that destroy everything and everyone in their path since Franklin Roosevelt convinced (forced) americans to give up their gold and silver for paper.... As far as trading im a newbie. I have no advice . Eyes and ears open ready to learn.