Doctor Doom prognosticates again

Nouriel Rubini is the economist nicknamed " Dr. Doom " because he correctly predicted the 2007-2008 financial crisis and the resulting Great Recession.Now he ' s at it again. This time, however, it ' s not just one thing. He ' s seeing geopolitical stresses, notably the quadruple confrontations of the U.S. with China, Russia, Iran and North Korea. He ' s seeing the coronavirus. He ' s seeing natural disasters associated with climate change. I don ' t know what he ' s on about with the abnormal seismic activity and undersea volcanoes, but he ' s got enough to legitimately worry about.The situation regarding coronavirus is becoming increasingly clear. It seems to be pretty readily transmissible and it ' s already loose in several places. If anybody were to ask me I would say that a global pandemic is pretty much inevitable. But . . .The efforts to contain the virus are likely to be far more damaging the virus itself. It ' s looking like the calculated case fatality rate in China is much too high, because they ' re only ascertaining fairly seriously sick people. And most people who die are already sick and would be susceptible to any respiratory illness. There are, sadly, exceptions, but that is true with influenza as well. If this does sweep the world it ' s going to make a lot of people immune without getting sick; give a lot of people a cold for a week or ten days; and lead to a small number of deaths in the overall context.People who are not public health scholars and profes...
Source: Stayin' Alive - Category: American Health Source Type: blogs