Quote:
Originally Posted by wazu
Let's assume for a minute that China has vastly under-reported number of infections. Let's assume a million people in china got this. So we're talking about roughly .07% of their population that got this thing. And reports of new cases are slowing down. If the stock market is tanking over this hysteria then now would be a great time to buy.
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True. But a lot of people in China got it while the country had draconian quarantine measures in place. If the disease gets a foothold in other countries you either take a huge hit from the quarantine itself. Or you let the disease run rampant and take a hit from that.
SARS and MERS were stamped out between quarantines and not being that infectious. But if a disease is infectious enough you can't get it stamped out everywhere. And modern economies can't permanently close their borders.
If the fatality rate is low enough draconian quarantines might do a lot of damage without doing that much good. It could be letting the disease run its course and caring for the sick is a better approach.