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And something more profound too follow up what Dutch has said:#CoronaVirus a brutal lesson in what "welfare," used often as a swear word, means. It means that plight of weak & vulnerable in society impacts us all. That a healthy citizenry benefits all. That collective good is the ultimate good. That no-one is immune from pain, misfortune.https://twitter.com/ChrChristensen/status/1236675927117115393
The problem seems to be the ease at which it can be passed on, hence the mass lock downs in infected countries. It's a nasty cousin of the Common chuffing cold!
It'd be well stranded if it was off the coast of Laos.
Graphic to show why introducing delay is important, and at an early date;https://twitter.com/_MiguelHernan/status/1236330665093861379/photo/1When you see age specific fatality ratios (best estimates), you see where the risk lies;Age 50-59: 1.3%Age 60-69: 4.6% (range 3.8-5.4)Age 70-79: 9.8% (range 8.2-12)Age 80+: 18% (range 14-22)
We are going to get a massive economic hit from Coronavirus. On the positive side, there's nothing whatsoever to justify the Govt not borrowing to invest in infrastructure projects to boost the economy. That's precisely what Osborne and Cameron refused to do a decade ago...because...debt.Well guess what? That was bobbins then and it's even moreso now. The financial markets are prepared to pay the Govt to take their money right now!https://mobile.twitter.com/bondvigilantes/status/1236925304775606272That's right. We can borrow at negative interest rates.
I’m a bit worried.All day I have been singing Dean Martin and Bing Crosby songs.I think I might have crooner virus.
Whole of Italy now in lockdown - how on earth are they going to enforce that?https://www.bbc.co.uk/news/world-europe-51810673
Age 60-69: 4.6% (range 3.8-5.4)Age 70-79: 9.8% (range 8.2-12)Age 80+: 18% (range 14-22)