Jesus wept! After Fed tries to put out Wall St fire with gasoline using a 50 point rate cut – the Dow finishes down 789 points!
Yesterdays euphoria was delusional and traders are suddenly realising cheaper credit doesn’t cure a virus
Shit. Just. Got. Real.
We aren’t even at the pandemic yet.
Imagine what happens when we start running out of things because supply chains close down.
Imagine how the panic spreads on Social media in a way it couldn’t during the Spanish flu.
Imagine what happens when enforced quarantines take effect.
Imagine how we deal with second, third and fourth waves of this on health systems that will be broken from the first wave.
Remember the previous claims by our Scientists and Drs that this was all overblown?
Remember when the NZ Twitter woke elites screamed this was all racism and xenophobia?
This isn’t a woke identity politics issue, it’s always been a public health danger and economic threat.
Anecdotally a lot of this panic buying we are seeing in NZ is being conducted by Asian-New Zealanders.
How much backlash is that going to cause when stocks can’t get replenished on time? Many NZers live week to week when it comes to groceries, how will they react when they can’t buy those groceries?
This may not have started as a Xenophobic backlash, but when hungry people start running out of food and a diaspora can be identified as the ones hoarding, things can quickly spiral out of control.
As TDB pointed out from the beginning, we are not appreciating the severity of risk from this novel virus.
The reality is the threat of this pandemic will only abate once we have a vaccination, and that’s 18months away – things are going to get a lot, lot, lot worse public health wise and economically before they can get better.
Its perfect timing for Hedge Fund Managers to pump up their Green Wash’n accounts by transferring “Trillions!” What the poor die like flies in the next few years as a consequence of a Green party policy adopted from fake Woke Greenies in Europe and the US and everywhere else.
They cant just admit to their EV, Mining, Child Slavery & Exploitation Addiction caused by their “Consumption” habit.
Shouldn’t all dedicated socialists be welcoming the economic havoc being caused by this virus.
The collapse of stock markets world wide will destroy the wealth of the 1% and show that their wealth was mainly an illusion in the first place. The collapse of the financial system will end the power of elites to suppress the masses.
The evil of rampant consumerism, another way in which the elite control the proletariat, will end and people will be freed from the shackles of capitalism. Is this coming pandemic the key to the beginning of a new era of socialism
Change can only happen from the bottom up not top down.
Elites will not give up on exploiting the masses for profit regardless of the social damage done.
Corporations have to go and be replaced by cooperatives with democracy in the workplace.
Elites will never oversee that change.
That Latta quote must have really got under your skin, you’ve been crucifying him daily!
I don’t think this is the end of times people, but certain to be an event of especially economic consequence.
I can’t link it off my phone but someone should google the YouTube clip “ghostbusters mass hysteria” to set the tone and remind us to, well, keep calm and carry on 🙂
Ps: just watched video of government announcing second nz case, “no need to check all contacts because she wasn’t coughing”. Facepalm.
“ghostbusters mass hysteria”
ALL RIGHT I GET THE POINT
🙂
But then imagine the hysteria and open borders if National were government. Free speech and open borders to China. No I’ll take Labours response any day of the week.
i totally agree bert national would find away to blame the poor even if its wealthy travelers spreading it
Latta…huh. Who is he but another TV show right wing friend of key’s.
“But the Flu kills more!!!!”.
Common sense should alert you that this statement is wrong, look at the reaction by governments overseas. The flu has been with us for years and there has been no reaction close to this.
This ignorant and misinformed statement is being propagated by the ignorant.
This virus will have a death rate nothing like the Flu.
ie
at least 20 x more deadly.
R nought , at least 2x times more contagious than fl
see an explanation of the basics from someone who actually has worked with MERs and SARs
https://www.youtube.com/watch?v=NjFIiNqEMp0
Agree Mark although R0 and mortality rate are not yet (at least publicly) concrete, those seem to be the current working estimates.
Still a bunch of misinformed”what you need to know” media articles falsely conflating this and flu.
Should COVID-19 become a rampant pandemic, the outcome of which could well be the necessary environmental, social and economic reset the world needs.
No doubt the woke will not have any interest or sympathy for the “racist xenophobic” local poor when they are angry and upset as they fail to be able to buy their weekly groceries when the supermarkets are stripped bare, and they can’t stock pile like richer folks, as they don’t have any spare cash to stock up, or afford the petrol to keep going to multiple places to buy goods.
Maybe more subsidies for supermarkets will the the government neoliberal answer, while adding hundreds of thousands of new temp workers and residents into NZ to help the struggling Ponzi business here, that are worry No 1.
This business approach has worked so well for the poor so far in the last 30 years! Sarcasm.
As for the articles of share market falls, or economic disruption, it seems that is the disaster the media are most worried about, not the deaths!
Also as usual putting the environment on the back burner, maybe a shock doctrine situation where where government pumps more money into banks and supermarkets again – you know to help save the planet one bank, one billionaire at a time by the trickle down to their minimum waged employees.
Meanwhile not much media coverage of our own doomsday situations occurring…
Mysterious mass shellfish death near Whangarei
https://www.stuff.co.nz/environment/68906314/mysterious-mass-shellfish-death-near-whangarei
Hauraki Plains’ drains of death
https://www.newsroom.co.nz/greenroom/2020/03/03/1064214/mass-die-off-of-ducks-and-eels
Remember 50 years ago this was food for people who could go down to the beach for food not worry about panic buying of loo paper and overseas food not being available. Sadly this avenue seems to have been killed off by rampant development and pollution of the sea.
I dont think that the top 1% will be destroyed by the imminent financial crisis. They will certainly take a hit but they can manage that. I think that there will be a massive devaluation of currency, which will affect the poor more than anyone else because they have no means of offsetting those losses. When the dust has settled the rich will be more in control than ever.
Genuine question.
Has the Government / Ministry of Health been given incorrect / misleading information about how and when the virus is spread? If so, their advice to New Zealanders could actually contribute to the spreading of the virus.
The advice is that if the person infected with the virus is not showing symptoms, they will not be able to pass the virus onto others. However, in the UK experts are saying patients can have the virus for 14 days and be oblivious to it during that time. The most at risk period of virus transfer is 4-5 days after contracting the virus “regardless” if the person is aware they have the virus or not. The infected person continues on blissfully unaware of the potential risk they are to others. The first recorded case in NZ of a person having the virus underwent three tests for it. The first two tests were negative with a later third test proving to be positive. I believe urgent clarification should be sought especially as a recent survey of New Zealanders showed the majority didn’t believe the Government will stop the virus spreading.
They repeatedly claim that self isolation is the answer. I believe one size does not fit all especially when you add the dynamic with that situation I referred to earlier. So Joe Smith is “recommended” to self isolate when he returns from offshore. No enforcement, just an expectation. The ambiguity involved is alarming. Joe has a family and a job. People to see, money to be earned. He feels ok. No symptoms just like so many with the virus so he decides to press on with his life. Nek minute…….this is a giant hole in NZ’s defence and remember what they say about defence. it’s only as strong as the weakest link.
Then consider where the two first cases of the virus had just come from and the timing. They are very concerning. There was widespread reporting of the Iranian situation for approximately 7-10 days prior to the first case arriving in NZ. By the time that first case arrived here the very situation in Iran was well known. Despite this, nothing was done here until the person’s third test on the Friday resulted in a positive to the virus.
Similar situation with the second case. Worrying details coming out of Italy yet nothing done until it’s too late. Infected person then continues on with two further domestic flights. Her two children attend two large North Shore schools. The potential is real. Difficult to have confidence when you see the timeline.
Then we have TVNZ’s attempt during last nights news to calm people down and give perspective. Sounds good but how practical was it? We witnessed panic buying on Friday, Saturday and Sunday. The supermarket we use is Gilmours on Auckland’s North Shore. We saw hundreds of people doing panic buying. The demographic was the same in almost every case. They all “appeared” Chinese. This raises two points. The first is toward those leading the way with panic buying. Surely, the advice given to these people should be in Mandarin etc? Auckland Airport shows virtually every sign in their language. Why? If this is considered important to reach them then why were TVNZ’s attempts to reach them to avoid panic not similar?
Secondly, what are the actions of the Chinese New Zealanders telling us? It must be remembered that they have been there done that multiple times with a long list of previous devastating viruses. Their actions tell me that they know what’s coming. A much much stronger Government response and a lot more cases of the virus here.
NZ desperately needed to be proactive but they are only being reactive. That has left the door open and has played it’s part in all important confidence being so low.
German researchers team examined several different strains of how corona virus and exposed the virus to different substances. They haven’t tested sars-cov-2 (which is the virus causing the covid-19 disease), but they have tested several other strains, including the closely-related sars-cov, and they claim the results should closely match how the sars-cov-2 virus behave.
They discovered the following:
The viruses can survive anywhere between 2 hours and 9 days on different types of solid surfaces in ordinary room temperatures. Temperatures above 30 degrees Celsius (and especially above 40 degrees Celsius) cuts down on the survival time dramatically, where as low temperatures increases it (4 degrees Celsius increased the survival time to as much as 28 days in the hardiest strains tested). High humidity likewise increases survival time. In other words, the virus will have the hardest time spreading in hot and dry conditions.
Due to the above, researchers think there is little risk of the virus spreading via seaborne shipping due to the time frames and conditions involved. Likewise with airborne shipping, where conditions such as air pressure easily kill the virus. However, overland shipping – especially national, as opposed to international, shipping – has the potential to spread the virus due to the generally more favorable conditions for virus survival and the comparatively short time frames involved while it isn’t hitching a ride in a host.
Due to corona virus being extremely soluble it dies on contact with mild alcohol based hand sanitisers or even fat based soap keeping in mind to wash hands vigorously.
Source (English) https://www.journalofhospitalinfection.com/article/S0195-6701(20)30046-3/fulltext
Sam,
The alcohol based hand sanitisers are very helpful. The 2 hour to 9 day window is huge for the survival of the virus on different surfaces.
People will need to wipe everything they touch in a supermarket for example. The handle on a supermarket trolley is a likely hotspot as would be fruit for example. Many shoppers handle fruit while choosing which items they will purchase. Checkout counters etc etc could also be hotspots.
Interesting times ahead. I fear by this time next week the numbers with the virus here could easily be 30+.
Fear + anger + uncertainty + a lack of confidence is the process can often = panic. Perspective is always vitally important but……
https://www.youtube.com/watch?v=5Tlmfss3Piw
Note the statement from 7.35 in the above link.
“this is what happens, people are presymptomatic and can spread the virus in the presymptomatic stage”
That totally contradicts what the Ministry of Health is stating in NZ and relying on entirely.
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