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Black Swan Event

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  • ZoinsZoins Posts: 34,397 ✭✭✭✭✭

    @logger7 said:
    The chart doesn't look good on expansion of the virus: 3.8% fatality rate. https://www.worldometers.info/coronavirus/coronavirus-cases/

    This is the only reasonably reassuring chart I found on the page:

  • 1630Boston1630Boston Posts: 14,062 ✭✭✭✭✭

    @Justacommeman said:
    The CDC now recommends no gatherings over 50 people and suspending school for eight weeks.

    m

    Massachusetts is 25 people, schools State wide closed 3 weeks.

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    Bad transactions with : nobody to date

  • DrBusterDrBuster Posts: 5,430 ✭✭✭✭✭
    edited March 16, 2020 7:09AM

    @Downtown1974 said:
    It will be interesting to see how our infrastructure can hold up to the surge of cyber traffic due to people working from home...plus students working on-line.

    We had a corona 'drill' with 1 mandatory telework day last week for just our Atlanta complexes. We brought down our vpn and bluejeans a couple times during that day.

    The rest of our global offices are now doing pretty much mandatory telework, except in China and some of our other SE Asia offices as they have been doing that since January and are starting to let folks stagger back in in shifts (social distancing shifts) after the lockdown they imposed.

    The IT infrastructure is going to take a big hit here soon I'd guess.

  • scubafuelscubafuel Posts: 1,911 ✭✭✭✭✭

    Keep in mind that the markets are reacting to an info vacuum, in an age when everyone is used to instant info. Everyone wants to know “how bad is it actually” and “where is it?”. Until you can get people trustworthy info on these questions, this is what we get. The answer is massive, widespread testing, followed by a global game of whackamole and enforced self-isolation for the sick. Coupled with a little good luck hopefully caused by warming temps. But until the testing starts, economic ice age.

  • jwittenjwitten Posts: 5,218 ✭✭✭✭✭

    I too hope threads like this stay open. The world has become united in our fight of this thing, and most other things are taking a pause. Best wishes everyone.

  • ZoinsZoins Posts: 34,397 ✭✭✭✭✭

    @jwitten said:
    I too hope threads like this stay open. The world has become united in our fight of this thing, and most other things are taking a pause.

    In an interesting change of situation, I'm getting support from my colleagues in China now. Before, I made gestures of support to their team and now they are returning the favor.

  • ZoinsZoins Posts: 34,397 ✭✭✭✭✭
    edited March 16, 2020 8:34AM

    @scubafuel said:
    Keep in mind that the markets are reacting to an info vacuum, in an age when everyone is used to instant info. Everyone wants to know “how bad is it actually” and “where is it?”. Until you can get people trustworthy info on these questions, this is what we get. The answer is massive, widespread testing, followed by a global game of whackamole and enforced self-isolation for the sick. Coupled with a little good luck hopefully caused by warming temps. But until the testing starts, economic ice age.

    I wouldn't say there's a complete information vacuum. I think the market is partially reacting to a lot of policies are coming out about limiting gatherings and shutting down stores now (e.g. Nike), Airbnb cancellation polices, cities limiting foreclosures, interest rates dropping to the point they can't drop any lower.

  • DrBusterDrBuster Posts: 5,430 ✭✭✭✭✭

    Just had a call with one of my colleagues in Warsaw. Limited social groups outside at 5, can go outside for exercise/pet walking, can go to the grocery store, no open bars/restaurants, and ALL air traffic grounded - no domestic/international flights period.

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