News for hackers. Stuff that matters.

A comment on $3.4T has been wiped out of the stock market in a week. Parent comment

Re:$3.4T has been wiped out of the stock market in a week by istorical on Friday February 28, 2020 @01:15PM (#22444932)
Percentage of patients who need ventilator support is magnitudes higher than for the flu. Around the world, no country has enough ICU beds and respirators to cope with the 10-20% of infected that will need them.

Current death rate is a joke compared to what it will be once hospitals become swamped.

Social distancing measures may prevent that outcome but will devastate the economy even further.

Look behind the surface level information.

[ Parent | on HN ]
Re:$3.4T has been wiped out of the stock market in a week by sigstoat on Friday February 28, 2020 @01:42PM (#22445170)
> Social distancing measures may prevent that outcome but will devastate the economy even further.

it would be nice if we could encourage low-consequence social distancing now, instead of being mindlessly told not to "panic". we'd have more leeway to keep running the parts of the economy that require social contact.

[ Parent | on HN ]