Coronavirus - Overall
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Dr Campbell explains some good news coming from Imperial College.
Basically the preventions are working. It is likely actual cases are grossly under-reported. Italy is likely to have had well over a million infections, maybe in the millions. They currently show a death rate around 13% but this is likely 1% or lower given the number of actual infected.
Probably why countries like Australia, NZ have such low death numbers is the virus did not actually take hold and spread before measures were put in place. So our number of cases reported are much closer to actual cases. Whereas Europe, the US are probably 10x higher or more.
Highly likely then in the short term our health systems are unlikely to become overburdened. The issue now is how do they open up the economy whilst controlling any left over cases.
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I guess the other issue with Corona is whilst the overall death rate is likely to be lower than first thought, it is still fucken deadly to the old who already have health issues.
They released the figures for that nursing home in the US, 130 odd residents, 101 got infected, 34 died. Those who died did have a range of issues with hypertension being the top of the list.
The question has to be, how do we protect the old and should Govt do anything to lower the rates of these existing conditions such as Hypertension and Cardiac disease?
Main causes of Hypertension
Smoking.
Being overweight or obese.
Lack of physical activity.
Too much salt in the diet.
Too much alcohol consumption (more than 1 to 2 drinks per day)
Stress. -
@chimoaus said in Coronavirus - Overall:
I guess the other issue with Corona is whilst the overall death rate is likely to be lower than first thought, it is still fucken deadly to the old who already have health issues.
They released the figures for that nursing home in the US, 130 odd residents, 101 got infected, 34 died. Those who died did have a range of issues with hypertension being the top of the list.
The question has to be, how do we protect the old and should Govt do anything to lower the rates of these existing conditions such as Hypertension and Cardiac disease?
Main causes of Hypertension
Smoking.
Being overweight or obese.
Lack of physical activity.
Too much salt in the diet.
Too much alcohol consumption (more than 1 to 2 drinks per day)
Stress.I read somewhere that CV doubles one's chance of dying in next TWO months. If your heart or lungs are buggered it's a death sentence.
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@Donsteppa said in Coronavirus - Overall:
@voodoo said in Coronavirus - Overall:
10m registered for welfare in the US in the last 2 weeks, 6.6m the last week alone.
Previously weekly record was 695k in 1982
Yikes
This whole thing is fucked every which way.
That's a pretty fair summary
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@Bovidae said in Coronavirus - Overall:
This is what happens when a huge percentage of the working population live from paycheck to paycheck.
Some people just can't save a lot of money because of their circumstances. But there are a large group who can, but choose to spend all their disposable income on consumer goods that they don't necessarily need. In addition they borrow heavily to maintain a lifestyle beyond their means. Saving habits don't appear to have improved in the wake of the GFC and I'm sure that in the coming years people will quickly forget again
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@canefan Probably partly to do with how easy it is to obtain credit and get yourself in debt. Marketing is very sophisticated and powerful and we all get sucked in to it by a certain degree.
When afterpay became a thing I was always shocked when I heard friends saying how good it was etc, all I was thinking was they managed to get you to buy something you probably didn't need and you still have to pay for it.
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@chimoaus said in Coronavirus - Overall:
@canefan Probably partly to do with how easy it is to obtain credit and get yourself in debt. Marketing is very sophisticated and powerful and we all get sucked in to it by a certain degree.
When afterpay became a thing I was always shocked when I heard friends saying how good it was etc, all I was thinking was they managed to get you to buy something you probably didn't need and you still have to pay for it.
It makes perfect economic sense to borrow. But that all assumes you have a job. As far as hire purchase and other 'free' money, just because the guy on the street is selling crack doesn't mean you have to buy crack
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the flip side is, if everyone is working 50 hours a week, why shouldn't you enjoy the fruits of it? What's the point otherwise?
To save for a complete shutdown no one saw coming? And have that money make .05% interest because the rates never went back up?
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@mariner4life said in Coronavirus - Overall:
the flip side is, if everyone is working 50 hours a week, why shouldn't you enjoy the fruits of it? What's the point otherwise?
To save for a complete shutdown no one saw coming? And have that money make .05% interest because the rates never went back up?
I don't see it as an either or. You accept the risk when you leverage heavily to invest. But you are right, the virus was not a predictable crisis. But borrowing money to buy consumer stuff, such as credit card debt is never responsible in my book. For right or wrong I was taught not to spend what I didn't have
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@mariner4life Work 25 hours a week instead?
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@chimoaus said in Coronavirus - Overall:
@mariner4life Work 25 hours a week instead?
if you can afford it, and don't like doing or owning stuff, go for it.
We like nice stuff, and the ability to do things. It's why we work like we do.
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@mariner4life said in Coronavirus - Overall:
@chimoaus said in Coronavirus - Overall:
@mariner4life Work 25 hours a week instead?
if you can afford it, and don't like doing or owning stuff, go for it.
We like nice stuff, and the ability to do things. It's why we work like we do.
It's all about priorities. But if you borrow across several credit cards to fund all that, I'm not on board