COVID-19 — Coronavirus

[abu13]

319 cases confirmed Uk

Lower figure than i was expecting to hear unless it is on the back of weekend and 24 hours behind.

 

[Phil1]

:/

The Winchester is going to be heaving with all the folk going for a pint until it all blows over.

 

[grunge]

The oil price has crashed, as well as coronavirus effect.

The pause is a safety valve on the Dow, triggered by a large fall. It's still down nearly 1500, but more stable.

From the news reports Saudi Arabia has decided to start a price war with Russia dropping the prices.

 

[SWP's back]

Now if pollution was reduced by 30% over the next few months and it directly correlated, I can't see COVID-19 killing anywhere near that number of people?

I can’t see it killing under several million worldwide mate unfortunately. Even in a best case scenario.

 

[Claytop]

:/

I suppose the positive you could take from that is that South Korea are way ahead numbers wise in terms of testing and that's where there is a low % of fatalities per cases. The hope will be that this turns out to be the case elsewhere when more testing is done. It could be that there's a significant number of people who have it or had it and just not realised or not been tested and recovered fine.

 

[SWP's back]

Karma. Their grandparents voted for Brexit.

More seriously - if I've not taken my (small) private pension yet, and despite the drop in share prices, wouldn't reduced life expectancy mean a bigger annuity? (Legal and General reporting last week higher profits because people aren't living as long as expected - before the virus hit; why isn't that going to pensioners rather than shareholders?)

Do not, in any circumstances, purchase an annuity. No need since flexible drawdown was introduced in 2015. Annuity rates are circa 1.3% when they were over 5% in the early 2000’s.

 

[grunge]

I can’t see it killing under several million worldwide mate unfortunately. Even in a best case scenario.

I posted this elsewhere when another flu comparison kicked in.

The main issue with the flu comparison is simple numbers.

https://www.cdc.gov/flu/about/burden/preliminary-in-season-estimates.htm

so, oct-feb.

Flu.
34-49m flu cases
350k/650k hospitalisations
20-52k deaths

Apply the same to covid, which given the speed it’s spreading could happen.this is using 3.4% case fatality rate given by the WHO last week, and 20% hospitalised figures given by the WHO.

34-49m
6.8m-9.8m hospitalised.
1.15m-1.66m deaths.

 

[west didsblue]

From the news reports Saudi Arabia has decided to start a price war with Russia dropping the prices.

It's still a consequence of the coronavirus as demand for oil has gone through the floor and the Russians don't want to cut production so the Saudis are undercutting them.
At least we might save a tenner filling up the car which won't go very far in compensation for the tens of thousands lost to pensions and investments.

 

[Claytop]

I see Trump has tweeted, wonder if he posts on here...

 

[Tricky_Trev]

:/

We are being sacrificed to preserve day to day business life. This is so fucked up. Good luck everyone, we’ll need to come together through hammering the message on social media as our government doesn’t want to do it.