Standard & Poor's, who rate investment market participants, says the coronavirus "will reduce US GDP growth in the first quarter to just 1 percent, down from a previous forecast of 2.2 percent."
That's huge, considering how much wider the virus could spread. (Hopefully it's enough to damage Trump's reelection chances.) They say "the impact could be more or less severe depending on the longevity and intensity of the outbreak...."
Here are the numbers for coronavirus cases, which is now officially called Covid-19:
Exponential growth is over (if you can believe the numbers). The polynomial fit is a quadratic.
Can we believe the numbers, especially out of China? (China's cases represent 99% of global cases being reported.) But you as well as I have read about Chinese patients roaming around their city sick, turned away at hospital after hospital, only to ultimately be rejected and going home to convalesce there. Only hospital admissions are being counted in China, not any of the rejected.
If that doesn't sound like something right out of The Stand, complete with cold weather in a heavily polluted city, I don't know what does.
Somewhere I can't now find the link to said the mortality rate of this coronavirus is 1%. Maybe that's true if the official statistics are too light. But here's what I find for total deaths as a percentage of total cases -- it's rising:
It is a shame -- and maybe a dangerous shame -- that the world can't count on China to be truthful about what they're up against -- about what is on the verge of becoming a global pandemic.
Besides this, I can't believe the Democrats are so stupid as to nominate Sanders to take on Trump in November. He will get his clock thoroughly cleaned in what really is the most important election of a generation. Same for Buttigieg.