This is not the flu and not SARS. It will cause massive disruption and those who think everything will be fine soon are whistling past the graveyard.
Chris Martensen has been doing a fine job of tracking things:
“The coronavirus is now reported in 59 countries. It’s a global pandemic, even if the WHO still refuses to call it that. And speaking of the WHO, the CDC, and most of the governments around the world, they’re still unwilling to urge folks to take advance preparation. In too many cases, the numbers and terminology are being ‘fudged’ in ways both obvious and insulting. It’s getting maddening at this point. Not only is their lack of urgency putting lives at risk, it’s increasing the chaos and panic that will ensue in areas overwhelmed by mass outbreaks when they occur. Even the stubborn financial markets have finally realized that covid-19 is a major problem and have been in violent meltdown. In fact, the past week has seen the fastest 10%+ loss in the S&P 500 in history. Folks, this is now a fast-spreading global crisis and it’s crystal clear we can’t rely on the authorities to adequately protect or even forewarn us. When it comes to protection from the coronavirus, you’re on your own.”