Read Millionaire Fastlane
- Jul 18, 2018
Korea's numbers are interesting because they pretty much test everyone surrounding a confirmed patient.One thing I find hard to comprehend is that some people want this outcome to be as bad as possible. Even though that won't happen, that's the vibe some people give off. Could it be because they want to continue deferring mortgage payments? Getting free money from the government? Not paying bills? I don't know.
Italy's numbers "seem" bad. That's the keyword. They SEEM bad.
Mortality rate is number dead/total number of reported patients.
This is heavily biased depending on the number of tests you do and who you test. If we were to choose a country to set the mortality rate standard it would be South Korea and they are at 0.9%. However, the total number of reported patients is more like DOUBLE of what was reported due to people being infected without any symptoms whatsoever. In that case, mortality rate is 0.45%.
Did you sneeze and came out positive with Corona? Your family, your friends, your coworkers, the people in the supermarket you shop in... Everyone gets notified, tested, quarantined and followed.
This skews the numbers both ways, though. They know exactly how many cases they have, and that gives us an idea about the true mortality rate. But because they do know exactly who and how many cases they have, they can focus all their efforts on controlling the spread and give their patients the best healthcare possible.
Each country is really a bag on its own. Some countries like Germany and SK did an excellent job and will probably barely get affected by this. Others like, Italy/Spain, will be the model we study in the future for what NOT to do in a pandemic.
There are two schools of thought these days. Complete lockdown for months, or "F*** it, open back everything and let these sniffles run their course". Each country is taking various measures leaning towards one side of the spectrum or the other, and only the future will really tell which approach was the best anyway.
If there is one lesson to be learned from all this, though, it's to always save for a rainy day. Even if the virus turns out to be an overhyped dud, the market rushes and the general panic will affect every business, no matter the kind.
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