Tuesday, February 4, 2020

The non-obvious costs of the corona virus: measured reaction or panic?

The U.S. stock market fell 600 points on Friday, January 31. China is closed. Tech stocks are vulnerable. Airline travel is down precipitously. More than 10,000 people have been infected in the past two months and, of those, at least 213 have died (as of the end of the day on Friday)[1]. All in all, a pretty big impact for a pretty tiny virus. Speculation regarding the longterm economic impacts of the Wuhan coronavirus continues apace with experts predicting potentially significant and lasting damage to (at least) China’s economy.

The availability of instantly available information—a stream of “data” addressing the spread of the virus, new cases, speculation on modes of transmission, efforts to contain it—has likely magnified its impact materially. On the positive side, that information is absolutely critical to public health officials efforts to track and contain the spread of the virus. At the same time, the easily available but not-always-reliable information stream has exacerbated the response and the panic surrounding spread and risk of infection. Interestingly, while the virus is a cousin of the SARS virus, and while there is a world of information available regarding the spread, containment and trajectory of SARS, little or none of that real data seems to be filtering into either public or market response. The evident impact that the Wuhan virus is having foreshadows greater risk to world stability arising from other more and less deadly viruses in the future. As the human population expands, it will undoubtedly encounter new viruses and will have to address the risk of exposure and illness in a thoughtful and more targeted fashion. It seems unlikely that humans can rely on that these exposures will obtain on a once every decade and a half time frame.

~~ David M Walsh

1: Veiga, Alex. “Stocks sink on fears virus outbreak will dent global economy.” The Seattle Times (Seattle) 31 January 2020. 

7 comments:

pamala palz said...

My mouth is short of words, i am so happy because Dr Obela has healed me from Herpes which i have been suffering from the past 5years now, i have spend a lot when getting drugs from the hospital to keep me healthy, i have tried all means in life to always become herpes virus negative one day, but there was no answer until i found Dr Obela the parish of African who provide me some healing herbs that i uses , now i am glad telling everyone that i am now Herpes Negative, i am very happy, thank you Dr Obela for helping my life comes back newly without any form of crisis, may the good lord that i serve blessed you Dr Obela and equip you to the higher grade for healing my life. i am so amazed. so i will announced to everyone in this whole world that is Herpes Virus positive to please follow my advice and get healed on time, because we all knows that Herpes disease is a deadly type, contact Dr Obela for your Herpes healing herbs today at: drobelaspellhome@gmail.com He will be always happy to assist you online and ensure you get healed on time, contact Dr Obela today for your healing herbs immediately, you can also add him on whatsApp +2348120189503............ THANKS TO DR OBELA

GARRY HELEE said...

Hello everybody, thanks to Dr LOSA the spell caster i am from USA, i don't just Know the reason why some people is finding it difficult to believe that there is
a cure for HIV, my son have been suffering from HIV since last
three years but today i am happy that he is cure from it with
the herbal medicine of Dr DR LOSA the great healer,i was
browsing the INTERNET searching for help when i came across a
testimony shared by someone on how Dr LOSA cure his herpes
i was so much in need of getting his treatment but after all Dr
LOSA brought a smile to my son face with his herbal
medicine. i am so much happy today that we have someone like
this great healer out there, so my people out there kindly
contact this great healer on his email address: (dr.losaherbahome@gmail
.com) please sir keep your good work cause there are people
out there who is in need of your healing medicine.once more
email him now: (dr.losaherbalhome@gmail.com) you can call him OR WHATSSAPP HIM
+2349056464736
DOCTOR LOSA CAN AS WELL CURE THE FOLLOWING DISEASE:-
1. HIV/AIDS
2. HERPES
3. CANCER
4. ALS
5. Hepatitis
6 Diabetes
7 LOVE SPELL
8 IF YOU NEED YOUR EX LOVER BACK TO LOVE YOU AGAIN.

pamala palz said...

First, I want to complement this site administrator for creating this platform for us to express our feelings. Herpes is a serious and recurring disease which can't be cured through drugs or injections by the American doctors but the best way to deal with herpes is by taking natural herbs medicine from DR. Obela the greatest herbalist doctor in the world and is only few American doctors that know about this herbal medicine from Dr Obela .. I have read about Dr Obela the great herbalist doctor from African who can cure disease with his powerful herbal medicine. for the people suffering from the following diseases, Herpes,HIV/Aids, SARS virus Cancer, Also, Hepatitis, Diabetes, Hpv, Infections ETC should contact him for his herbal medicine because i am a living testimony and i was cured of herpes. Although, i sent him what he requested and he sent me his medicine through DHL courier delivery company which i took for 10 days and today when i went for test i was tested herpes negative. you can reach him through his Whatsapp number +2347084171950 or email: drobelaspellhome@gmail.com

Anonymous said...

HOW I GOT CURED OF HERPES VIRUS.

Hello everyone out there, i am here to give my testimony about a herbalist called dr imoloa. i was infected with herpes simplex virus 2 in  2013, i went to many hospitals for cure but there was no solution, so i was thinking on how  i can get a solution out so that my body can be okay. one day i was in the pool side browsing and thinking of where i can get a solution. i go through many website were i saw so many testimonies about dr imoloa on how he cured them. i did not believe but i decided to give him a try, i contacted him and he prepared the herpes for me which i received through DHL courier service. i took it for two weeks after then he instructed me to go for check up, after the test i was confirmed herpes negative. am so free and happy. so, if you have problem or you are infected with any disease kindly contact him on email                            drimolaherbalmademedicine@gmail.com. or  / whatssapp --+2347081986098.
This testimony serve as an expression of my gratitude. he also have
 herbal cure for, FEVER, BODY PAIN, DIARRHOEA, MOUTH ULCER, MOUTH CANCER FATIGUE, MUSCLE ACHES, LUPUS, SKIN CANCER, PENILE CANCER,  BREAST CANCER, PANCREATIC CANCER, CHRONIC KIDNEY DISEASE, VAGINAL CANCER, CERVICAL CANCER, DISEASE, JOINT PAIN, POLIO DISEASE,  PARKINSON'S DISEASE, ALZHEIMER'S DISEASE, BULIMIA DISEASE,   INFLAMMATORY JOINT DISEASE CYSTIC FIBROSIS,  SCHIZOPHRENIA, CORNEAL ULCER, EPILEPSY, FETAL ALCOHOL  SPECTRUM, LICHEN PLANUS, COLD SORE, SHINGLES, CANCER, HEPATITIS A, B.  DIABETES 1/2, HIV/AIDS, CHRONIC RESPIRATORY DISEASE,  CARDIOVASCULAR DISEASE,  NEOPLASMS, MENTAL AND BEHAVIOURAL DISORDER, CHLAMYDIA, ZIKA VIRUS, EMPHYSEMA, TUBERCULOSIS LOW SPERM COUNT, ENZYMA, DRY COUGH, ARTHRITIS, LEUKAEMIA, LYME DISEASE, ASTHMA, IMPOTENCE, BARENESS/INFERTILITY, WEAK ERECTION, PENIS ENLARGEMENT. AND SO ON.

ben rita said...

Investing online has been a main source of income,that's why knowledge plays a very important role in humanity,you don't need to over work yourself for money.All you need is the right information,and you could build your own wealth from the comfort of your home!Binary trading is dependent on timely signals,assets or controlled strategies which when mastered increases chance of winning up to 90%-100% with trading. It’s possible to earn $10,000 to $20,000 trading weekly-monthly,just file a complaint with  Robert,I had almost given up on everything about binary trading and ever getting my lost funds back,till i met with him,with his help now i have my lost funds back to my bank account and I can now trade successfully with his profitable strategies and software!! Email: Robertseaman939@gmail.com or Fb.me/investandmakemoney1 or  whatsApp: +44 7466 770724

ABBY HARRIS said...

Am short of words for the amazing work you perform to helped me cure my herpesvirus in just 2weeks of using your herbal formula am so sorry I doubted at the beginning, I was scared because I was scammed twice before I meant you, knowing what i am consuming now I know your herbal formula is safe and effective just only two weeks of drinking the herbs my outbreak and other symtoms vanish, I went to the doctor and did test the results was supper, I will keep thanking you more and more, today I am heathy and totally cured with your herbs,
Thanks DR DOHGO
you can contact him via
Via whatsapp: (+2347062142293)
I advice you shouldn't hesitate. He's great.

Email (doctordohgo@gmail.com)

Unknown said...

Happiness is all i see now I never thought that I will be cured from HERPES virus again. I have been suffering from a deadly disease (HERPES) for the past 3 years now, I had spent a lot of money going from one places to another, from churches to churches, hospitals have been my home every day residence. Constant checks up have been my hobby not until this faithful day, I was searching through the internet, I saw a testimony on how DR agaba helped someone in curing his HERPES disease, quickly I copied his email which is Dragabasolutionhome@gmail.com just to give him a test I spoke to him, he asked me to do some certain things which I did, he told me that he is going to provide the herbal cure to me, which he did, then he asked me to go for medical checkup after some days after using the herbal cure, behold I was free from the deadly disease, he only asked me to post the testimony through the whole world, faithfully am doing it now, please brothers and sisters, he is great, I owe him in return. if you are having a similar problem just email him on : Dragabasolutionhome@gmail.com or WhatApp: +2349074536486