Corona Virus # 3

[rekees4300]

:us-indiana: Indiana Hoosiers, here is an informative article from the local newspaper.

Also the Indiana State Department of Health (ISDH) has a website https://on.in.gov/covid19 that includes a subscription feature so that Hoosiers can receive alerts when information is changed or added.


View attachment covid-19 page 2.jpg

 

[TnAndy]

It's nice that the title in the article exaggerates the amount by 1000%.

It says Billion with a B in the title, but it's only Million with an M in the article.

The world needs more proof readers.

Agree with the need for proofing....but the point is follow the money.

 

[California]

The World Bank issued two tranches of PEF bonds worth $425 million in 2017. Bondholders have seen two years of above-average returns with no concern of virus outbreaks around the world that would trigger even the slightest hint both bonds would go into default, until now.

Are WHO and World Bank closely related?

There are people who will bet on anything and there's huge money to be made taking the counterpart and raking in the fools losses. Until the fool's hunch proves correct.

We just watched The Big Short, a movie about the financial crisis of 2008. To summarize, a few analysts dug into the credit quality of mortgage borrowers and concluded that whole bundled batches of variable-rate mortgages - 'Collateralized Debt Obligations' would become worthless if adjustable rates rose and the borrowers couldn't make their payments. So these traders shorted CDO's and made literally billions as the banks which had agreed to bet against them, failed.

Maybe we're now seeing a similar game with the PEF bonds. High finance is weird.

 

[Ford850]

After seeing how bad this is getting in Europe, and knowing we are at the same level of infection today that Italy was just 2 weeks ago, there will be much more strict orders coming from our state and community levels across the US. I'm betting we'll have many more orders within a couple days so we don't have to ration ventilators in 2 weeks.

 

[dragoneggs]

I am not buying the 1% mortality rate that seems to be floating around. We don't even know how many are infected so the denominator is unknown. My guess the mortality rate in the end will be much lower. Not saying there won't be a significant death count. We need to make sure we are putting this in perspective (such as comparing to common flu victims and by age group).

 

[rekees4300]

March Madness becomes March Muteness. Fans banned from games. :basketball:

Only essential staff and limited family at NCAA tournaments

 

[ultrarunner]

Some simply do not buy in bulk or stockpile unless panic buying.

 

[downsizingnow48]

What I am puzzling about is why shoppers at our local stores are not panic buying toilet paper, but 10 miles away at Costco the shoppers have bought out all the toilet paper and started on paper napkins.

 

[ovrszd]

Some simply do not buy in bulk or stockpile unless panic buying.

I talked with my wife about this yesterday. She was going grocery shopping. I inadvertently discussed the fact that some areas are suffering from a TP shortage based on CV paranoia. She hadn't heard that. After a couple minutes of discussing this I asked her to not contribute to that chaos here by buying more TP than she normally would. She looked at me with that "why would I" look.

 

[hawkeye08]

Many small businesses buy at Costco... imagine running out of toilet paper in an office..