COVID-19 can be the catalyst for the economic recession
Neoliberalism created long and often convoluted supply chains to countries with cheap labor. They were temporary disrupted by the epidemic as China slowed down. in January and February. But as of March China restored over 80% of its production capabilities disrupted by the virus). So now the question is how disruptive will the epidemics for the USA itself. Certain sectors a such are airlines, oil industry, hospitality and restaurants are already feeling the impact.
As far as I understand that disease (highly infectious virus phenomena) can serve as a catalyst for the economic recession and as such is
a very serious economic challenge (betting odds on a US recession recently jumped from 25% to 32% ), much less a public health challenge (despite MSM hyping the threat, the mortality is probably between one and two percent), lower for younger folk and people without serious chronic diseases (especially cardiovascular and lungs related; smokers can be added to the latter category), higher for people over 60 and with chronic diseases.
Data confirm that children and teenagers appear are both less susceptible to this infection (approx. ten times less that people in their 30th) and if infected (typically in the family) have much better prognosis (almost no critical cases). Like any flu epidemic this infection kills mainly old and already sick folk, especially with heart diseases, lung diseases (including heavy smokers), and suppressed immune system.
In view of USA media hysteria about Coronavirus COVEL-19, we need to concentrate on facts, not fears. And below I will try to provide some of them (as little as know about this issue, as I am a programmer, not a virologist ;-) Looks like healthy people younger then 60 have little to fear but fear itself. But fear is addictive snfd it looks like panic, including panic buying had spread. Such events tend to increase the level of government control over population.
That's why they create fearful events or exaggerate naturally occurring events over and over again
As far as I understand that situation this disease (highly infectious virus phenomena) is
a serious economic challenge (creating a possibility of "Coronavirus recession"), much less a health challenge (mortality is probably between one and two percent), lower for younger folk and people without serious chronic diseases (especially cardiovascular and lungs related; smokers can be added to the latter category).
Neoliberal MSM, which are practically always are stock market cheerleaders, trying to detail Trump behaved horribly in this respect spreading rumors and fear, often completely unsubstantiated, accelerating economic downturn. In this sense Trump has a point when is called MSMS coverage of Coronavirus epidemics a hoax (
Trump campaign blasts media for 'massively dishonest' claim POTUS called coronavirus a 'hoax' Fox News). And Trump hit the nail in his famous "Caronovirus" (innocent misspelling) twit: "
The main danger is a fact that Coronovirus hit the globalized supply chains and severely affected several industries such a tourism and air travel. China slow down affects global production chains and might create a snowball effect. But the slowdown was just two month long. As of March 1, 2020 China is back to over 80% of production. Still some unpleasant surprises are still possible: