cone said:
this thing is just an economic bomb
it's like a cross between 9/11 and 2008. all the paranoia and demand subsidence of 9/11 and the agonizingly slow required unwind of 2008. it's not as catastrophic as either, but it combines some of the worst economic aspects of both.
i just struggle to understand what would constitute an all clear
will it require multiple waves with decreasing epidemic peaks? will it require a vaccine? eventually enough people get the mild case such that we have sufficient herd immunity and the outbreaks aren't as far reaching and severe. but we don't want that to happen too quickly because it'll overwhelm things and result in unacceptable deaths over a short period of time (making the economic chaos even worse).
this is a real deal global crisis
It's grinding international shipping and travel to a halt. How can you ship anything when people can't work and when it lives on surfaces for days? How can people travel when just stepping foot in an area means a new vector for infection?
This is much bigger than 2008 or 9/11. It's going to be the biggest economic crisis since the Great Depression. Depending on the severity around the world, it could exceed even that (such as every country going Iran, Italy, and China).
It's not apocalyptic, but it's going to absolutely crash the global economy at the absolute best case scenario. At the worst case scenario, we're looking down the barrel of another Great Depression.
I'm not seeing any good long term implications here with this thing.