Generational Dynamics World View

[John J. Xenakis]

** 11-Mar-2020 World View: Wuhan coronavirus outlook becomes more serious

News coverage of the coronavirus emergency is becoming a lot more
serious. I've even heard one analyst warn that within a few months US
hospitals will be overwhelmed with hundreds of thousands of seriously
ill Covid-19 patients.

Here are some news items:

• The number of US cases exceeds 1,000, eight times more than a
  week earlier, with 31 deaths.
  
  
• Seattle Washington is banning events with more than 250
  people.
  
  
• The number of cases in Massachusetts is 92, doubling in one
  day.
  
  
• Chancellor Angela Merkel said 60%-70% of Germans, 58 million
  people, will eventually become infected.
  
  
• More and more schools and businesses are closing, or asking people
  to work from home.
  
  
• The number of layoffs is growing.
  
  
• Iran is waking up to the disaster the country is facing.

Covid-19 is spreading rapidly across Europe and North America, with
the number of cases growing exponentially with a high coefficient, and
people are beginning to understand that this emergency is extremely
serious.

The stock market is going to keep falling. However, we haven't yet
seen a full scale disorderly panic with forced selling. The way
things are going, that could happen any time.

The point is that the public mood is rapidly changing in numerous
countries. When the public mood starts changing rapidly, anything can
happen, including a panic and even a war.