Latest Coronavirus - Yikes

[utvolpj]

It's one thing to buy up rare My Little Ponies and sell those at extravagant prices; quite another to do it with supplies needed in a pandemic.

If the prices had been higher he probably wouldn't have bought so many. Lots of studies out there on it if you're interested in more than a knee jerk reaction

 

[Electric Orange]

I was averaging out. I dont know how the trajectory on it was.

Millions? How many have died in China?

Not in China. Here or Italy

This was interesting though obviously math isnt my best area

 

[Velo Vol]

If the prices had been higher he probably wouldn't have bought so many. Lots of studies out there on it if you're interested in more than a knee jerk reaction

One needs a study to get this?

 

[utvolpj]

Talked to a friend last night who is from Italy Ann's his parents still live there. His mom told him it feels like ww2 all over again with the lockdown. I just can't see that reaction happening here

 

[Electric Orange]

I agree, not trustworthy. I'd say South Korea is, I dont see millions.

Hasnt been long enough

 

[Orangeslice13]

The vast majority that get it wont need treatment. Hell, half will probably never realize they had it.

True but we cannot handle a mild outbreak medically. In Italy right now they are having to decide who to let die due to a lack of ventilators. If we slow the roll fewer people die due to availability of equipment.

 

[utvolpj]

One needs a study to get this?

It should be common sense that people buy less when the price is higher but the studies exist for those who disagree

 

[Electric Orange]

True but we cannot handle a mild outbreak medically. In Italy right now they are having to decide who to let die due to a lack of ventilators. If we slow the roll fewer people die due to availability of equipment.

Even in the long run? I dont know Im just asking. Everyone is certain about this slowing the curve. Does slowing the curve have any drawbacks?

 

[allvol123]

Not in China. Here or Italy

This was interesting though obviously math isnt my best area

It is a virus. This will suck. If we arent seeing 60 people a day dying under the age of 65 though, then I'm not going to hit the panic button.

 

[allvol123]

Hasnt been long enough

True. But they arent even projecting that trend in SK. Not close.

 

[allvol123]

True but we cannot handle a mild outbreak medically. In Italy right now they are having to decide who to let die due to a lack of ventilators. If we slow the roll fewer people die due to availability of equipment.

I love how Italy is the new world barometer for healthcare.

 

[Velo Vol]

It should be common sense that people buy less when the price is higher but the studies exist for those who disagree

Surprised stores haven't done more surge pricing.

 

[utvolpj]

Surprised stores haven't done more surge pricing.

That's nice but once past 101 you learn about things like govt price controls. The market has essentially been banned by them

 

[Orangeslice13]

I love how Italy is the new world barometer for healthcare.

They certainly are for what not to do.
They **** the bed on this one

 

[Only_1_OK]

That's nice but once past 101 you learn about things like govt price controls

According to that Times article, it's the private market doing the price controls. Amazon and Ebay are the ones shutting down price gougers.

Isn't the free market wonderful?

 

[allvol123]

They certainly are for what not to do.
They **** the bed on this one

I liked it, but not sure I should completely.

At some point nature can impose its will. That's part of life.

 

[Orangeslice13]

Even in the long run? I dont know Im just asking. Everyone is certain about this slowing the curve. Does slowing the curve have any drawbacks?

It’s early but it does appear that you don’t get this thing twice.

 

[Velo Vol]

That's nice but once past 101 you learn about things like govt price controls. The market has essentially been banned by them

For hand sanitizer?

 

[utvolpj]

For hand sanitizer?

For lots of goods. Wonder how many people calling for controls to make sure everyone gets some also scream about socialism? I know I've seen it

 

[Orangeslice13]

I liked it, but not sure I should completely.

At some point nature can impose its will. That's part of life.

We are probably overreacting to all this but it’s certainly understandable considering the situation in China and Italy.
I’m going about business as usual but I’m in a low risk business. We just don’t encounter a lot of people on a daily basis. Now I’m taking my lunch to minimize contact but other than that it’s pretty much business as usual

 

[Electric Orange]

Research indicates that measures must be applied rigorously and immediately in order to be effective.[19] During the 1918 flu pandemic, authorities in the US implemented school closures, bans on public gatherings, and other social distancing interventions in Philadelphia and in St. Louis, but in Philadelphia the delay of five days in initiating these measures allowed transmission rates to double three to five times, whereas a more immediate response in St. Louis was significant in reducing transmission there.[20] Bootsma and Ferguson analyzed social distancing interventions in 16 US cities during the 1918 epidemic and found that time-limited interventions reduced total mortality only moderately (perhaps 10–30%), and that the impact was often very limited because the interventions were introduced too late and lifted too early. It was observed that several cities experienced a second epidemic peak after social distancing controls were lifted, because susceptible individuals who had been protected were now exposed.

Warning Wikipedia is written by only a handful of people and may contain bias.

 

[utvolpj]

According to that Times article, it's the private market doing the price controls. Amazon and Ebay are the ones shutting down price gougers.

Isn't the free market wonderful?

Following the path blazed by the govt. There are still markets available

 

[Orangeslice13]

For hand sanitizer?

Buy a gallon of bleach for a dollar. Get a spray bottle for 4$. Mix bleach and water 9:1 and your problem is solved.

 

[utvolpj]

Buy a gallon of bleach for a dollar. Get a spray bottle for 4$. Mix bleach and water 9:1 and your problem is solved.

now I'm supposed to be a chemist? Geez

 

[Only_1_OK]

Following the path blazed by the govt. There are still markets available

Has the government invoked price controls on selected items or is it Amazon and others taking the lead here?