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ColonelDrake - contained? I don't think any country has a grip on this yet. The Chinese have been away on their extended Spring Festival for the better part of the past 6 weeks and have effectively imposed a strict quarantine on more than half of the population during this period. People are now beginning to go back to work in the cities so I think it's too early to say whether they have it contained. Western countries will find it much harder to force their populations to stay home.
Morning all-tin hats on ,commodities side ,might ride better.with rio Tinto reporting..
Well put the_sharemiator, it has been reported that a vaccine has been made in the U.S. and is going on a 6 week human trial. As for the number of people infected, even if that was doubled, put that against the population in the exposed area and the percentage is still very small, all down I would say to China’s lockdown of all the population in the province. Compare that rough estimate to the diamond princess cruise confinement were the people on board were allowed to walk about the ship, of about 3700, over 600 had contracted the virus. I would assume the same will happen in the Tenerife hotel were the guests have similar freedom of movement. It is now being reported that in the states and E.U. that the virus will have free reign.
As for copper I still think the price will recover quickly.
Regarding the mortality rate while we know the number of deaths in comparison to the number of infected as recorded there is missing data which skews the figures. For instance how many people infected only have mild symptoms and go unnoticed? How many more have been unable to receive medical care and are at home? I've heard these figures will be quite high now given the rate of recovery from some patients. On the other hand, how many people have died in their own homes but yet to be reported? And crucially (following on from what Rastuss wrote), how many infected, whether reported or otherwise will die?
Governments are rightly concerned because of the incubation period which can be as long as 14 days. So the figures today for numbers infected are already 14 days out of date! Worse this virus is infectious also much longer than SARS and other viruses tend to be, both before the patient displays signs of symptoms and during recovery. There's a lot we don't know still but I very much doubt a vaccine will magically appear in the next couple of weeks when most experts predict it will take many months. They didn't even reach the point of manufacturing a SARS virus because the virus had burnt out by summer. Everything I've read so far on this one suggests it's easy to pass on and there's very little we in the west can do to stop it becoming a pandemic.
Of the couple of cases in Italy last week it has ballooned to more than 300 now and several European countries have announced their first coronavirus cases, likely linked to the group in Italy. The countries affected include Austria, Croatia and Switzerland. Also Algeria and Brazil have reported their first cases today. The Swiss man was reportedly infected 11 days ago when he visited Milan which suggests anyone in contact with him is now a risk and potentially anyone who came into contact with those secondary carriers, but how can anyone track that when more and more cases are being reported daily?
I think what is more scary than the virus is the measures that Governments are taking and may yet take to tackle this. 1000 hotel guests were quarantined in Tenerife because one person was infected. If this spreads uncontrollably what other 'measures' will be taken? Towns sealed off? Public transport closed? I dread to think but things can definitely get a lot worse.
Copper for what it's worth hasn't taken a pummelling because fundamental demand hasn't fallen where as oil markets which are oversupplied has and will continue to do so if growth slows. Stimulus is a given, China has taken the lead and no doubt the EU and US will step up their bond buying and keep rates low. But this won't stave off a run on the banks if the Eurozone goes into recession. A knock-on effect will be inevitable if that is the case.
I wouldn't want to look as you have no idea what i did for a living
Copper holding up unbelievably well ! considering.
https://www.sciencemag.org/news/2020/02/coronavirus-unstoppable-now-what-do-we-do
These are current numbers you cant predict the number of deaths in a few weeks it could be better or worse
I will keep to the numbers on the site
@ Autonomy is noting but contagion and fear mongering. The USA and China are both mostly likely working overtime to get a vaccine ready.
Give it two weeks once these two will have a vaccine on mass production.
I doubt the Chinese will give 2 hoots about trails, efficacy, human trials etc. They will want a vaccine and the have one.
Also if the Virus, was an accidental release from a military facility, surely they must have had contingency in place or even the blue prints of a vaccine
You can make numbers do what they want I was told I had a 1 in 20 chance of living after my illness which seemed quite bad at the time
I went home and thought about it which actually meant for every 100 people 5 would die but 95 would live that sounded much better to me
Sorry dont understand
Corono update world meter
China total cases 77,666 total deaths 2,664 about 3%
Korea 977 and 11 about 1%
Italy 323 and 11 about 3%
Getting things into perspective there has only been 50 deaths outside of China and even in China only 3% of the persons infected have died,but people spread doom and gloom for whatever the reason and the fear factor takes over