Posted on 02/25/2020 6:50:40 PM PST by SeekAndFind
National Economic Council Director Larry Kudlow tried on Tuesday to assuage concerns over the cornavirus and its impact on the U.S. economy.
“We have contained this. I won’t say [it’s] airtight, but it’s pretty close to airtight,” Kudlow told CNBC’s Kelly Evans on “The Exchange.” He added that, while the outbreak is a “human tragedy,” it will likely not be an “economic tragedy.”
“There will be some stumbles. We’re looking at numbers; it’s a little iffy,” Kudlow said. “But at the moment ... there’s no supply disruptions out there yet.”
Kudlow’s comments came as the stock market tanked for a second straight day amid worries that the coronavirus outbreak would lead to a prolonged global economic slowdown.
The Dow Jones Industrial Average was more than 700 points lower Tuesday, down 2.7%. On Monday, the 30-stock average had its worst day in two years, dropping more than 1,000 points.
Investors dumped equities in favor of U.S. Treasurys, which are traditionally seen as a safe haven during volatile stretches for the stock market. The benchmark 10-year Treasury yield dropped to 1.32% to reach an all-time low. The 30-year also traded at a record low. Yields move inversely to prices.
Still, Kudlow said the U.S. is “holding up nicely,” adding, “All I can do is look at the numbers.”
(Excerpt) Read more at cnbc.com ...
.
Agreed. 100%. There is virtually no threat to the domestic US at this time. Limiting travel and testing proactively is all that can be done. The economic impact we are seeing is due to international disruptions. Not direct impact here. Being aware and basic prep and education is good. Panic is unnecessary.
and the dems put China up to it and they also have SK, Iran, Italy and 35+ other countries dancing for them just to make Trump look bad. ???
These people that say it’s just the dems/media making Trump look bad are as bad as the 3 years of Russia Russia Russia that the msm did. I think the left are living inside their heads at this point. I wouldn’t put it past someone to have screwed up the test kits on purpose though.
I don’t trust China as far as I can throw them, we have a 14 day food stock pile at our house and I work in the commercial aviation industry... but this is barely yellow on the worry meter.
I won’t be going to DFW airport and shaking anyones hands, but this “pandemic” has not broken out is shitholes countries that have daily flights to China. Its been 2 full months. that has should have happened by now.
It doesn’t appear to like hot weather, so Texas will be safe in a few weeks.
People that took their 401 to bonds takes 3 days.
It takes another 30 to put them back.
If you need attention, go flex your arm muscles in front of the ladies in your nursing home. I’m sure they’ll be impressed.
No test kits.
These are Global Numbers, Mainland China and All Other
Reporting Nations
80,994 declared cases
02,760 declared deceased
30,000 declared recovered
The current mortality rate of deceased / deceased + recovered = 8.42%.
That is a fluid number that is now dropping at the rate of about 0.60% per day.
32,270 cases have been decleared resolved, and that represents 40.447%
of all declared cases to date. (resolved = deceased or recovered)
As of this post, the active cases have dropped by 1,533 cases today.
This has been taking place for nearly a week, and the drop has been growing.
It may not continue, if cases outside China mushroom. There are now 48,234
active cases. That is 10,575 cases fewer than the highest count of active
cases at 15:13 PST on 02/17/2020. That figure was 58,809.
These numbers address only the cases outside of Mainland China.
At this point only 3.62% of all declared cases exist outside Mainland China.
2,930 declared cases
0,045 declared deceased
0,253 declared recovered
The current mortality rate of deceased / deceased + recovered is 15.10%.
That figure is grossly high, and should not be used for purposes of
extrapolating what lies ahead. It takes several weeks for people to be
infected, and recover. As in the large body of cases above, this mortality rate
is declining, and will pick up speed at the two week mark of our largest
outside China declared infections.
298 cases have been declared resolved, and that represents 10.17% of the
cases declared outside of Mainland China.
There are now 2,632 active cases outside of China.
The number of declared cases has grown by 17.67% today or 440 cases.
There are now 43 nations that have declard casea at one point in time.
The Ivory Coast showed up on my first report with 1 case, which has not
been documented again since. It may have been in error. Outside of that,
there are 42 nations still reporting.
If a large group of people in Kenya or Nigeria or other African countries crawling with Chinese imperialists were coughing up lungs and filling hospitals, they wouldm’t ask the WHO for one test kit (and the huge amount of $ that would go with it)?
India has a Billion people and had 3 cases A MONTH AGO (they were tested and confirmed to have COVID 19), all three are cured, today.
Indian’s generally are’t known for their hygiene, but it is in summer, so summer > Coronavirus
Nothingburger.
.
I do agree that summer will help. No way can this virus handle a Texas summer. Will give us breathing room to contain and develop a vaccine. Eventually it will become another virus that we just have to deal with it like we do the flu. It’s too wide spread at this point for it to just go away completly.
Outside of China, it is killing 80 year olds.
I don’t want ANY 80 year olds to die from it, but in the end it will kill way less people than “medicare for all”.
Starting? Too late for that. She scared the hell out of 50 million mothers today and destroyed billions of dollars worth of equity until it recovers someday.
Somebody called her a rogue CDC official. It fits.
Lots of people think like you.
https://edition.cnn.com/2020/02/24/opinions/trump-us-coronavirus-prepared-clinton-sridhar/index.html
I know the conventional wisdom is that older people will die, but I've heard
of one 80+ year old who made it, and a 90+ year old person too.
Others probably weren't so lucky, but I'm not sure this is something to be
fearful of.
Good analysis of the given numbers.
Who wrote that for Chelsea?
Fair point.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.