2020 Collapse

What is the difference between Corona virus infection and "ordinary" flu?

Surgical masks were sold out in Switzerland as well:
https://www.thelocal.ch/20200128/sw...surgical-masks-as-fear-of-coronavirus-spreads

It's also "flu season" in Europe and many people are already dying because of it. Yes, it too can lead to pneumonia.

From what I know, sometimes viruses can mutate together, so basically a cross-over between Corona virus and "common flu" could happen, I think. I'm no biologist, just guessing and even worse scenario.

They say the're working on a cure against Corona virus.

But: we still don't have any cure/vaccine against Dengue Fever. Why is it so "impossible" to find a cure for the latter? But they did already create vaccines for newer diseases, such as SARS etc.?
 
TreasureHunter said:
What is the difference between Corona virus infection and "ordinary" flu?
Click to expand...

A corona virus is basically the common cold - a severe version. A vaccine for a corona virus is probably not going happen. Just have to deal with it (and the share market probably isn't given that China has practically stopped and so too supply lines around the world).
 
https://www.oftwominds.com/blogfeb2...UwSEeEDKKLLt5y8Ri8jPDHtcifou_xMrIknNV6CKn4w6k

When China's Supply Chains Break, so Will the Delusion the U.S. Economy Is Invulnerable

iphone-supply-chain.jpg
 
I'm reading and hearing news about food shortages - probably because of the corona virus.

China has food shortage issues in the corona-affected areas. But, China is also a major agricultural producer.
I think China's food exports will be affected. Pretty soon we'll hear about even more food shortages.

Food shortages occur in the USA as well - not all because of the corona virus:

https://www.businessinsider.com/who...-are-facing-a-crisis-of-food-shortages-2018-1
https://www.businessinsider.com/walmart-store-wuhan-empty-coronavirus-2020-1
 
TreasureHunter said:
What is the difference between Corona virus infection and "ordinary" flu?

Surgical masks were sold out in Switzerland as well:
https://www.thelocal.ch/20200128/sw...surgical-masks-as-fear-of-coronavirus-spreads

It's also "flu season" in Europe and many people are already dying because of it. Yes, it too can lead to pneumonia.

From what I know, sometimes viruses can mutate together, so basically a cross-over between Corona virus and "common flu" could happen, I think. I'm no biologist, just guessing and even worse scenario.

They say the're working on a cure against Corona virus.

But: we still don't have any cure/vaccine against Dengue Fever. Why is it so "impossible" to find a cure for the latter? But they did already create vaccines for newer diseases, such as SARS etc.?
Click to expand...
https://www.cdc.gov/dengue/prevention/dengue-vaccine.html
 
from Aust, we look to make sure strawberries and grapes does not have needle
 
Number 47 said:
I've always made the effort to look at what I'm buying to see where it's from.

I avoid imported food like the plague and I'm prepared to pay the premium for food grown in Australia.
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Absolutely. California or China. All the same.

Support our local farmers.

If only imported food caused sterility and not just lowered IQ.
 
Firstly, my apologies if someone has already said this... 14 Pages!!, which I'm still working through :) . Secondly, I'll try to be brief, avoiding a wall of text.

Do I think we'll have a major ( world ) recession, let alone a depression, this decade?, probably not. I'm not concerned about a major downturn. I'm concerned about what we'll do to avoid one.

Economics is now about politics, and recessions have become politically unacceptable. Governments will throw everything they have at any serious signs of a slowdown.

People laugh at MMT now.... I fear we won't be laughing when every side of politics embraces it.
 
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Mainstream media is already announcing the crisis for 2020. They have been shouting it out loud since last years. AS IF THEY KNEW!

They're preparing it.

Yes, I believe it'll happen until 2030. But 2020 sure started like a hot year: Australia bushfires, Corona virus outbreak, Iran shooting down of the Ukrainian airliner, Brexit finally finalized ( :D ), French protests (in which they almost lynched "little boy" Macron with his "grandma")...

Too many events for just 1 month in to 2020.
 
I was listening to this video and learnt that the Cyprus stock market crashed 98%. Yes, 98%, I didn't know that is possible so I did a search.


33650915-14459063188998058-Joseph-Shupac_origin.png
 
Silver260 said:
Economics is now about politics, and recessions have become politically unacceptable. Governments will throw everything they have at any serious signs of a slowdown.
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110% agree. Back in 2007/08 Dudd spent big bucks on "$900 cash splashes" and Govt programs like the "BER" & "Batts are Burning" to try and stave off a recession on his watch....which did happen. As someone who presented themselves to the Aust public as a "fiscal conservative", his policies moved Australia from being a "net lender" to the world to a "net borrower" from the world....a position which successive govt's have been unable to break due to the policies implemented by the Dudd / Juliar Govt's that politically are hard to pull back on (NBN and NDIS to name a couple).

If Dudd had not of politically panicked and not spent the cash Australia had amassed (and borrowed more too)....ie did nothing and let the economy have it's it's way, would we had gone into recession???...Don't know, but if yes if would have been short lived and IMO we missed an opportunity to potentially re-set the economy post 16 years of uninterrupted growth and weed out the practices and companies that could only survive in the good times.

To be fair, Howard squandered big bucks on successive tax cuts over a couple of elections given the strength of the economy at the time, rather than locking away those surplus $'s for a rainy day in a sovereign fund as was done with the Telstra float.
 
JulieW said:
Absolutely. California or China. All the same.

Support our local farmers.

If only imported food caused sterility and not just lowered IQ.
Click to expand...
Some would call that natural selection. But I do agree people should be educated.
 
I do believe that the Future Fund will be used as a back stop if required. Then the gov will dip into our super. If super, the big funds, SMSF will be too bitsy to chase. Avoid gov bonds though.
 
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