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Covid 19 virus
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Marco:

--- Quote from: james_s on March 19, 2020, 06:22:35 pm ---Don't be so sure. The dot com bust and the recession in 2008 were devastating and took years to recover from, this could lead into another Great Depression which took a major world war to break out of.

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They were still largely on the gold standard by then.

Of course in a way the Euro is a second gold standard, crippling the way European countries can respond to deflationary pressure. This is going to be hard on the Eurozone and perhaps the Danish Krone.
Mr. Scram:

--- Quote from: coppice on March 19, 2020, 07:03:56 pm ---I think it must be a big more complex than that. Some people are pretty careless in their youth, but many of us grow up with a deep sense of our own vulnerability.

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Our advancing understanding of biology makes it abundantly clear that teen brains may seem fully operational but are far from in specific and critical areas. It seems a very large part of youthful carelessness may be attributed to this. We're still figuring out what this means for how we deal with their behaviour, which includes crime.
DrG:
This issue of the millennials not respecting the restrictions is an interesting one. I personally do not have the data to evaluate how widespread the lack of adherence to the restrictions is and whether it is clearly an age-related factor. As everyone knows, the most spectacular violations get the most publicity and frequency data is elusive.

I don't much care for the #BoomerRemover mentality although the millenials that I have known best, including the ones who have worked for me, are all very fine people, morally and ethically - including a strong work ethic.

They have taught me much and I personally respect their passion for environmental concerns.

Patient compliance turns to public compliance in a pandemic.

In the JAMA interview that Fauci gave yesterday (I linked to it earlier), there was a distinct appeal to "Social Conscience".  I am interested in seeing whether this will "take" so to speak...for everyone, but particularly millenials.
 
Mr. Scram:

--- Quote from: Wimberleytech on March 19, 2020, 07:09:21 pm ---I live in a small rural town in Texas (near a high-tech metropolis).  People are acting reasonably sane.  Yeah, some items at the store are cleaned out, but when you go to an establishment you do not sense any panic.

I am still trying to get my head around this meltdown.  Was an unbeliever at first.  Trying to come around to believing this is as big of a threat as advertised, but it is hard...just looking at the numbers.  The spreading factor of covid19 appears to be pretty much in line with the flu.  The mortality appears to tilt heavily to the older population (like me!!) but even then it seems to be those with underlying conditions.  Mortality rate...we need more data.

I have looked at the data for the Princess Cruise ship.  Only 1% of the infected died.  Not everybody on the ship got infected.  That is certainly more than the common flu would have caused but it is not crazy big.

It is an election year here in the US.  I suspect that fact causes some unnatural behavior.

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Considering large parts of the world are only casually interested in the US elections I don't think the response is related. Internally within the US some of the response does seem shaped by the coming election. Though even the election may be postponed.
Wimberleytech:

--- Quote from: Mr. Scram on March 19, 2020, 07:14:35 pm ---
Considering large parts of the world are only casually interested in the US elections I don't think the response is related. Internally within the US some of the response does seem shaped by the coming election. Though even the election may be postponed.

--- End quote ---

Granted.  But my point was directed to what is going on in the US in both media and politics.  Politicians are penalized more for under-reacting, so naturally, they will martial forces for the worst-case scenario.  Media reports, people panic, more over-reaction, etc (zero phase margin!).  To the extent that the US has a tincture of impact on the rest of the world, others are effected.
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