Right now it's very, very hard to say with certainty what the mortality rate is. IF the current numbers hold, and I doubt the Chinese have inflated the number if deaths, a 5 fold increase still leaves you with something well above seasonal flu. Even at 10 fold, and the deaths to date are accurate, it's still twice the mortality rate of the average flu.
But there is a need for far more data to firm that up, and mortality rates aren't the only issue with this, or any other infection. How long are people ill for who are severely infected? If it's 3 to 4 weeks that's a huge drain on the medical system. Will those severely infected who do survive be left with permanent consequences from the illness, like chronic lung damage? China built 2 1,000 bed hospitals in 2 weeks. That's a pretty amazing figure. But you still have the logistical problems of manufacturing and delivering all the healthcare products that are needed. There are economic losses when an outbreak of an illness is severe enough to start causing quarantines in a country the financial size of China. I mean, we see it just in a normal flu season, but that's built into most economic forecasts, but something like this isn't
If the rest of your industry is shut down, where do all the hospital supplies come from? There are already severe shortages of personal protection products for medial staff to use. And 1,600 medical workers have already been infected with some deaths. There are the economic impacts, both within and outside of China. We do live in a global economy. The bank HSBC, based in London, is laying off 35,000 workers as it projects the need to save $4.5 Billion dollars in anticipation of a drop revenue. A number of airlines, especially those most active in the Far East will end up in bankruptcy.
South Korea has already declared a state of emergency as they foresee a lack of components needed for manufacturing finished products nailing their economy. Automobile factories are already closing and laying off workers due to the supply chain impact. Germany is looking a substantial drop in demand for higher end cars like Mercedes which relied on what was growing demand for their cars in China. It may force them into a recession.
There are more areas which can be affected by a breakout like this. there's the FUD factor, and the very real economic consequences when a major industrial provider is shut down. And it's reflected across the board as we can personally experience from the disruption to distributor like FT. We still don't know where things stand with the actual manufacturers of vape gear. Are smok, Asmodus, and all the rest back up to normal production yet? Will there be a shortage of products available to consumers from this, and for how long?
But there is a need for far more data to firm that up, and mortality rates aren't the only issue with this, or any other infection. How long are people ill for who are severely infected? If it's 3 to 4 weeks that's a huge drain on the medical system. Will those severely infected who do survive be left with permanent consequences from the illness, like chronic lung damage? China built 2 1,000 bed hospitals in 2 weeks. That's a pretty amazing figure. But you still have the logistical problems of manufacturing and delivering all the healthcare products that are needed. There are economic losses when an outbreak of an illness is severe enough to start causing quarantines in a country the financial size of China. I mean, we see it just in a normal flu season, but that's built into most economic forecasts, but something like this isn't
If the rest of your industry is shut down, where do all the hospital supplies come from? There are already severe shortages of personal protection products for medial staff to use. And 1,600 medical workers have already been infected with some deaths. There are the economic impacts, both within and outside of China. We do live in a global economy. The bank HSBC, based in London, is laying off 35,000 workers as it projects the need to save $4.5 Billion dollars in anticipation of a drop revenue. A number of airlines, especially those most active in the Far East will end up in bankruptcy.
South Korea has already declared a state of emergency as they foresee a lack of components needed for manufacturing finished products nailing their economy. Automobile factories are already closing and laying off workers due to the supply chain impact. Germany is looking a substantial drop in demand for higher end cars like Mercedes which relied on what was growing demand for their cars in China. It may force them into a recession.
There are more areas which can be affected by a breakout like this. there's the FUD factor, and the very real economic consequences when a major industrial provider is shut down. And it's reflected across the board as we can personally experience from the disruption to distributor like FT. We still don't know where things stand with the actual manufacturers of vape gear. Are smok, Asmodus, and all the rest back up to normal production yet? Will there be a shortage of products available to consumers from this, and for how long?
Many people here laughed then too.
