Containment Fails: Coronavirus Tweets of the Day

Mish

Containment has clearly failed. A global recession is on the way.

First US Coronavirus Case of Unknown Origin

What's going on in San Diego County?

What's going on in Germany?

Frankfort Airport Wednesday Afternoon

Italian Prime Minister Admits Hospital Screwup

Jim Bianco on South Korea

Trump's Coronavirus Czar

Affordability is Not a Goal

South Korea Runs 35,000 Tests, US 426

Protect Yourself

Discharged Patients Test Positive

CDC Competency in Question

HIV-Like Mutation

Recession Warning

Could or will?

Then again, was one already in the cards?

Travel Ban to South Korea

The US should have done this long ago. Trump is way behind the curve.

Containment Fails

What's Happening?

  1. CDC Admits Spread of Coronavirus in the US Appears Inevitable
  2. Lie of the Day: This is Not a Pandemic
  3. Bond Yields Crash and Gold Soars on Pandemic Threat
  4. Fed Minutes Highlight Coronavirus Concerns and Uncertainty 8 Times
  5. Nearly 50% Odds of "At Least" 3 Rate Cuts by December
  6. San Francisco Mayor Declares State of Emergency, Europe Prepares for Pandemic
  7. Trump proclaims We are "Very, Very Ready for the Coronavirus, for Anything"

Mike "Mish" Shedlock

Comments (100)
No. 1-22
Sechel
Sechel

Containment was always going to fail. It was a failed strategy that Trump decided on that the experts never supported. We lost a critical month in planning.

So some interesting facts. Gloves and masks will be in short supply because we get those mostly from Asian supplies. Additionally there are only about 20 facilities that can test for the virus currently which is not sufficient. I think they'll correct this soon but right now its an issue.

Last night's press conference was sort of funny.

Trump was contradicted almost in real time by ... experts who flanked him....
‘’’We could be just one or two people....’ Trump said....
“‘We can expect to see more cases in the United States,’ [HHS Sec.] Azar said.
“‘We do expect more cases,’ Schuchat [of CDC] said.”

MiTurn
MiTurn

Fascinating to consider that we might see a real economic depression. As I've stated in earlier posts, I'm a retired high school and community college history teacher. The coronavirus outbreak is obviously paralleled in the Spanish Flu pandemic of 1918. And now a potential economic recession to mirror the Great Depression? Not fearmongering, just musing.

lol
lol

$15 grand a week (day)to stay in a hospital,more than the Palms,i doubt Obamacaid will cover that and you just need one homeless dude to catch the (bioweapon)virus and wala an entire city decimated..billions (trillions)in hospital costs.

Tony Bennett
Tony Bennett

Trump proclaims We are "Very, Very Ready for the Coronavirus, for Anything"

...

Sure sure.

How long till DJT in front of the camera - preaching All Is Well and ..., uhh,... we don't want to do anything to upset the Beautiful Stock Market - wearing a MASK?

Bam_Man
Bam_Man

We are living in a real-world version of "Idiocracy", and people expect the government to be competent?

ksdude69
ksdude69

Oh great, im in Kansas. I suspect in order to prevent panic this crap will be everywhere before they admit to it. Meaning everyone thinks they are safe at the moment when in reality it's all around. Good times.

baconbacon
baconbacon

Should I buy the dip? Let me ask the Treasury market.... Nope.

JohnB99
JohnB99

If the Flu-B virus is actually Coronavirus, it has swept through Minnesota.

I wouldn't bank on that though. Very few pneumonia cases along with fatalities. Way below the 2%ish rate.

awc13
awc13

"A person in #California—NOT exposed to anyone with #coronavirus & NO travel to #COVID19 areas—"

that is irresponsible for the doctor to tweet. of course they were exposed to someone who had it. unless the virus is spontaneously appearing out of thin air

Herkie
Herkie

Interesting, early this morning I saw a report that Iran had 100 cases of Coronavirus and 20 had died. That implied a 20% mortality rate, but now hours later they are reporting 246 sick with 26 deaths. That is about 13% and it seems to only make sense from the prospective that new cases are vastly outstripping the rate at which people die, so that the number of sick is constantly going up faster than the rate of deaths. But, just as in China when wew had that one day last week where deaths spiked overnight the deaths will catch up to the real mortality rate. So far in Iran that was much higher than anywhere else. Of course healtcare facilities have a lot to do with it.

Ossqss
Ossqss

So, how do you contain something that can (as documented) potentially survive up to 9 days on a surface and exist in a contagious carrier who is asymptomatic (exhibits no symptoms at all) for up to 27 days?

Ineffective/inconsistent testing, reinfection news coming now, and inept bureaucratic responses globally, ain't helping matters. Reanalysis, after the fact, will provide actionable clarity.

thankyoumrdata
thankyoumrdata

We are going to get outbreaks in the States, and this Solano Country guy could represent the first.

That being said the idea that Covid-19 is widespread in multiple places already and the CDC is covering it up because a guy and his friends "crowdsourced" it, is bunk. Lots of viruses cause pneumonia and we treat it every winter. We should stop signal boosting this guy.

Roadrunner12
Roadrunner12

"While it is possible that this virus, like many other respiratory viruses, will not survive as readily in warm temperatures, it will be encountering a “completely susceptible” U.S. population, said Maciej F. Boni, an associate professor of biology at Pennsylvania State University.

Hardly anyone in this country has been exposed to the new virus (other than some travelers to China and their family members), so there’s been no chance to develop immunity. That means the coronavirus — even if it turns out to be hampered somewhat by rising temperatures — has plenty of opportunity to infect people and get passed along, said Boni, a member of Penn State’s Center for Infectious Disease Dynamics."

abend237-04
abend237-04

I'm intrigued by the lack of leaks from the early Wuhan antiviral trial of Gilead's Resdevivir. It's probably a ten day intravenous regimen. If so, they should have known for several days by now whether it helps or not. If not, I'm sure people like Eric-Deng would be finding a way to tell us by now. The other thing to watch would be Gild's price...which is running, and whether there's a scramble to ramp production.

jivefive99
jivefive99

Re-read the Internet from 1992 onward .. re: Y2K. This thing smacks of a "media push" to get people to watch TV news. Maybe Im just getting old - I see these "world coming to an end" narratives around every corner.

njbr
njbr

Going back to this data set: The current reading on the Diamond Princess is 705 cases (about 20% of the ships population). 4 deaths (about 0.5% of the people who got ill). 36 in "serious condition"(death plus serious is about 6% of the population that got ill). 10 reported as "recovered".

OK, in a mythical country of 300 million, 20% falling ill would be 60 million.

Of that 60 million, 3.6 million would get seriously ill--requiring some form of medical intervention. And if the medical care is provided as optimally as for the Diamond Princess people, only 300,000 deaths would occur.

That is the best case scenario based on the only experiment-like set of data that we have.

KidHorn
KidHorn

If the number of confirmed cases is growing like it is, there must be millions of people infected worldwide.

kpmyers
kpmyers

Hey Mish, don't leave us hanging...what is going on in San Diego County?

St. Funogas
St. Funogas

Laugh of the Day

HERE'S how you control an epidemic:

North Korea's First Confirmed Coronavirus Patient Shot Dead

Casual_Observer
Casual_Observer

This feels more like the bioweapon lab in Wuhan theory is true.

thimk
thimk

just got back from walmart - the led light-bulb shelves were looking sparse not sure if will be restocked . jus say'n

thankyoumrdata
thankyoumrdata

I agree 100%. It is the "we crowdsourced that it's already in all these different communities and the CDC is covering it up" part that is bunk.


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