Page 19 of 22 FirstFirst ... 91516171819202122 LastLast
Results 181 to 190 of 213
  1. #181
    Senior Member M1917 Enfield's Avatar
    Join Date
    Aug 2013
    Location
    Eastern Ontario
    Posts
    7,165
    Quote Originally Posted by Caralho View Post
    Company in #Suzhou reopened. One #CoVid2019 case found. Over 200 employed couldn't go home and immediately under quarantine. They managed to organize quilts for themselves.

    https://twitter.com/jenniferatntd/st...r-corona-chaos
    giphy-9.gif


    This Is What Happened After One Chinese Company Rushed To Reopen After The Corona-Chaos


    Wed, 02/12/2020

    Earlier today, Rabobank's Michael Every laid out succinctly the dilemma facing Beijing, when he said that "China appears to have perhaps decided that the economic damage being wrought by a demand collapse and supply-chain shutdown is just too much to bear." As reported overnight, Xi Jinping stated that China will meet its economic goals AND win the battle vs. the virus, and Beijing is urging firms to increase output even as the capital itself is largely locked down – and other cities are physically locking people into their homes. That’s as even the US admits that the Phase One trade deal will be slow off the market due to the virus impact.

    Of course, China is no stranger to Double Think: as Every put it, "a freely-floating, controlled currency; market-determined, state-directed interest rates; and free-trade mercantilism. Yet increase economic activity from here and the virus will spread, both internally and globally. Concentrate on just the virus, and the local and global economic impact will be enormous."

    That, in a nutshell, was how Rabobank saw China's "dialectic that has no comfortable Fichtean synthesis to the thesis and antithesis" and concluded that "things are going to get nasty for economies and markets – especially with official WHO word that a vaccine is 18-months away."

    Today, two days after China officially returned to work, we got the first confirmation of just how catastrophic Beijing's order to local enterprises and businesses to rush back reboot the economy could be, when Jennifer Zeng reported that a company in Suzhou reopened, and immediately at least one CoVid2019 case found. As a result, the company's 200+ employees couldn't go home and were immediately placed under quarantine. At least the workers managed to "organize" quilts for themselves.

    Company in #Suzhou reopened. One #CoVid2019 case found. Over 200 employed couldn't go home and immediately under quarantine. They managed to organize quilts for themselves.
    苏︍州单位提前开工,确诊一例 #武汉肺炎 ,全单位的人上了一天班,家都回不去了,200多人自带被子,全部隔离 pic.twitter.com/Fd660RKfqL

    — 曾錚 Jennifer Zeng (@jenniferatntd) February 12, 2020

    This is just the first such case. Expect many more - especially across Hubei and its neighboring provinces - as latent cases of Coronavirus which were never caught and cured spark new infections and mini epidemics, all of which dutifully captured on a smartphone clip for everyone in China to watch and freak out even more.

    Which reminds us of another comment from Rabobank, which last week explained why the dilemma facing China is "truly awful":

    The quandary for China between releasing the quarantine straitjacket in days to stop its economy from getting truly sick, and allowing a virus like this to spread further as people start to mingle again is truly awful. There are no good options. For a world with a serious lack of final end-demand, and which has been relying on China, along with increasingly “Chinese” central banks, this is going to be a nasty shock either way that Mr Market is treating like he is Mr Magoo.

    And since Beijing has no way out, especially since the epidemic is still raging despite Beijing's "doctored", no pun intended, infection and death numbers, expect China to unleash the most draconian censorship crackdown on any reports Covid-2019 has not only not been purged but is making unwelcome appearances across China's enterprises, which will be quietly put under blanket quarantine even as Beijing pretends that all is well and its economy is once again humming on all cylinders until eventually the epidemic reaches a critical mass and China has no choice but to once again admit the full extent of the social and economic fallout. And just like in the case of SARS, don't expect such "honesty" to emerge for at least several weeks if not months.
    I live among lots of sheeple and dim witted who like to think they are good Canadians for voting Lieberal

  2. #182
    Senior Member Caralho's Avatar
    Join Date
    Aug 2019
    Posts
    278
    With Facebook, Intel, Cisco, Sprint, Amazon, Nvidia, LG, Sony, Rakuten, Ericsson, Nokia, etc. out, the gig was up. Other big conferences in trouble too. Tourism industry is reeling.

    Coronavirus Fears Sink World’s Biggest Mobile Trade Fair After US & Global Tech Giants Pull Out

    https://wolfstreet.com/2020/02/12/co...ants-pull-out/
    Government is your servant not your master.
    Taxation is theft.

    Abolish government

  3. #183
    Senior Member M1917 Enfield's Avatar
    Join Date
    Aug 2013
    Location
    Eastern Ontario
    Posts
    7,165
    Just when things seemed to get better, a big jump today in cases in China -


    Officials in Hubei, the Chinese province that is the epicenter of the outbreak, said there had been more than 48,000 cases there, a 44 percent jump from the day before. They also reported 1,310 deaths, a 23 percent increase.

    The Chinese figures put the total at more than 61,000 cases worldwide.
    I live among lots of sheeple and dim witted who like to think they are good Canadians for voting Lieberal

  4. #184
    Senior Member M1917 Enfield's Avatar
    Join Date
    Aug 2013
    Location
    Eastern Ontario
    Posts
    7,165
    I live among lots of sheeple and dim witted who like to think they are good Canadians for voting Lieberal

  5. #185
    Senior Member M1917 Enfield's Avatar
    Join Date
    Aug 2013
    Location
    Eastern Ontario
    Posts
    7,165
    I live among lots of sheeple and dim witted who like to think they are good Canadians for voting Lieberal

  6. #186
    Senior Member Caralho's Avatar
    Join Date
    Aug 2019
    Posts
    278
    Well if you enjoy cruising now is the time to start looking some amazing deals coming, ship #5 is now under quarantine in Australia.
    Government is your servant not your master.
    Taxation is theft.

    Abolish government

  7. #187
    Senior Member
    Join Date
    Feb 2013
    Posts
    3,812
    Quote Originally Posted by Caralho View Post
    Well if you enjoy cruising now is the time to start looking some amazing deals coming, ship #5 is now under quarantine in Australia.
    Cruise ships have always been cauldrons of disease transmission. The most common one is Norovirus, which sweeps through the ship producing explosive vomiting and diarrhea. Nothing better in a cramped stateroom with the family. Norovirus is extremely infectious and can survive on hard surfaces for quite a long time.

    You could not get me on one of those ships, even at gunpoint.


    I do feel bad for those people trapped on those ships because each time a new person becomes infected, the 24 day quarantine starts over. Apparently the staff have been infected and they are the ones producing the food. So people will be stuck on that ship until everyone eventually gets the disease. I think I'd rather take my chances with the disease and end the suffering of being locked up in a tiny cabin 24 hrs a day for weeks to maybe months.

  8. The Following 2 Users Like This Post By Suputin

    chrisc (02-14-2020), M1917 Enfield (02-14-2020)

  9. #188
    Senior Member Caralho's Avatar
    Join Date
    Aug 2019
    Posts
    278
    Royal Caribbean cancels 18 cruises as thousands remain trapped aboard 'Diamond Princess', regardless of what the truth is about the virus because China is not being honest, the economic impact is becoming real. Things are already fragile, China oil imports are way down so the pain to the Alberta is only going to get worse and to our resource sectors.

    Summary:

    China says 1,716 medical workers have been infected
    Singapore reports largest daily jump in cases
    Hubei's new party boss orders quarantine tightened
    President Xi touts new "biosecurity law"
    Hong Kong Disney land offers space for quarantine
    Chinese company says blood plasma of recovered patients useful in combating the virus
    Last edited by Caralho; 02-14-2020 at 06:53 AM.
    Government is your servant not your master.
    Taxation is theft.

    Abolish government

  10. #189
    Senior Member Caralho's Avatar
    Join Date
    Aug 2019
    Posts
    278
    'It's Coming': CDC Director Warns Coronavirus To Become Widespread Throughout United States, 'Probably Beyond 2020'

    Government is your servant not your master.
    Taxation is theft.

    Abolish government

  11. #190
    Senior Member Caralho's Avatar
    Join Date
    Aug 2019
    Posts
    278
    How long before all the dollar stores are closing down? Heck most of our stores, China makes most of the crap we buy.


    In our ongoing attempts to glean some objective insight into what is actually happening "on the ground" in the notoriously opaque China, whose economy has been hammered by the Coronavirus epidemic, yesterday we showed several "alternative" economic indicators such as real-time measurements of air pollution (a proxy for industrial output), daily coal consumption (a proxy for electricity usage and manufacturing) and traffic congestion levels (a proxy for commerce and mobility), before concluding that China's economy appears to have ground to a halt.

    That conclusion was cemented after looking at some other real-time charts which suggest that there is a very high probability that China's GDP in Q1 will not only flatline, but crater deep in the red for one simple reason: there is no economic activity taking place whatsoever.
    Government is your servant not your master.
    Taxation is theft.

    Abolish government

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •