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Scaremongering

So far, all the recorded cases of Coronavirus in the world number than far less than would occur in the first week of the average USA flu season.

On January 22nd, the CDC reported 13 million flu cases in the USA  so far this flu season with 120,000 hospitalizations and 6,600 flue related deaths. They stated then that influenza activity remains high but the severity is not considered high at this point in the season.

So far, the world reported cases of Coronavirus cases are under 20,0000 with total deaths under 8000. The peak passed in China and new cases are now minimal. China has a population of 1.3 billion and had 80,000 cases with 3226 deaths.  If the USA performed on a similar basis there would be under 20,000 cases.

These figures alone at first make it appear that Coronavirus was not highly contagious but has a circa 4% fatality rate.

The mortality rate is concentrated on mainly elderly people with other health issues. If it is considered likely that it was more contagious and China had, say 1m cases, then the mortality rate is far lower. If it were a quarter as contagious as USA flue was by 22 January those with coronavirus would be well over 20million and mortality rate very low.

The concern now over the coronavirus now compared with the lack of concern on 22nd January is not explained by logic but results from hysteria.

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Clive Russell
Clive Russell
CLIVE currently serves as Joint President of Russell Business LLC (“RB”), which is the collective name for a community of synergistic and complementary activities and businesses encompassing the International Property Market. RB is engaged in business activities that combine cutting-edge structured finance and technology geared to maximize returns from various sectors, including residential and commercial property, hotels and energy-related assets. Over the years, Clive’s forte’ has been the ability to develop and/or identify “below the radar” concepts, strategies and opportunities ripe for leveraging and ultimate success.

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CONVERSATIONS

  1. I have already commented extensively on this type of analysis and considerations.
    The facts are showing that Covid-19 does not forgive unless radical isolation measures are taken.
    Those who have underestimated are already retracing their steps and are already paying dearly for not having considered the experience and professionalism of other countries useful.
    Alarmism no, but awareness and sense of reality yes. Everyone can decide on their own life but not ignore the right of their fellow citizens to take care of their own.

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