Musclecar prices and the possible recession

[NorCam]

I'm still going to operate my business, still gonna drive my cars and still plan on riding my motorcycle through the Rockies again this summer. Oh, and I am well stocked on 9mm and .45 ACP in any eventuality that someone comes looking for my last roll of toilet paper. (Facts are, I will likely run out of toilet paper, but having lived for 54 years, I've pretty much learned how to wash my a$$ with soap and water)

As long as there's coffee to brew and air to breathe, I'm gonna go on living.

Nuff said!

[SS427]

Can someone with a health background explain something to me? The common flu kills 250,000 to 500,000 people worldwide and 36,000 people in the US annually. Pretty much every four years for the last 20 plus years we have had a major viral outbreak similar to this virus but it just seems this one they are going overboard with it. Why is this virus any different than any of the last 10 we have had and correct me if I am wrong, they are all pretty much similar in fatalities to the common flu or oddly enough even much less. I am beginning to believe this is just another way for the media to gain viewership and ratings. The last bad virus was the H1N1 virus and that 'only' killed 12,500 people in the US in a year which is 1/3 what the common flu kills every year. What am I missing here????

[JoeC]

this is from an article on coronavirus

"the global case fatality rate for the coronavirus is believed to be about 3.4 percent"

“By comparison, seasonal flu generally kills far fewer than 1 percent of those infected,”

“You know, the risk is this: We have a brand-new virus in a completely naive population on Earth; we’re all susceptible to it. Everyone is potentially infectable with this virus,” said Christopher Mores, a global health professor at George Washington University. “Even with a high transmission rate and the low case fatality rate, that still becomes a massive number of ill and fatal cases.”

[69LM1]

Originally Posted by SS427

Can someone with a health background explain something to me? The common flu kills 250,000 to 500,000 people worldwide and 36,000 people in the US annually. Pretty much every four years for the last 20 plus years we have had a major viral outbreak similar to this virus but it just seems this one they are going overboard with it. Why is this virus any different than any of the last 10 we have had and correct me if I am wrong, they are all pretty much similar in fatalities to the common flu or oddly enough even much less. I am beginning to believe this is just another way for the media to gain viewership and ratings. The last bad virus was the H1N1 virus and that 'only' killed 12,500 people in the US in a year which is 1/3 what the common flu kills every year. What am I missing here????

Because its an election year?

Another news item that oddly enough cycled through and has no traction is this:

(actual DOJ link, not news site January 2020)
https://www.justice.gov/opa/pr/harva...-china-related

So you have a Harvard professor, who happens to be a biology expert, arrested for (redacted) but something to do with the "top secret" lab the Chinese were running, in Wuhan China.

Nothing to see here......

The Department of Justice announced today that the Chair of Harvard University’s Chemistry and Chemical Biology Department and two Chinese nationals have been charged in connection with aiding the People’s Republic of China....... Unbeknownst to Harvard University beginning in 2011, Lieber became a “Strategic Scientist” at Wuhan University of Technology (WUT) in China and was a contractual participant in China’s Thousand Talents Plan from in or about 2012 to 2017. China’s Thousand Talents Plan is one of the most prominent Chinese Talent recruit plans that are designed to attract, recruit, and cultivate high-level scientific talent in furtherance of China’s scientific development, economic prosperity and national security. These talent programs seek to lure Chinese overseas talent and foreign experts to bring their knowledge and experience to China and reward individuals for stealing proprietary information. Under the terms of Lieber’s three-year Thousand Talents contract, WUT paid Lieber $50,000 USD per month, living expenses of up to 1,000,000 Chinese Yuan (approximately $158,000 USD at the time) and awarded him more than $1.5 million to establish a research lab at WUT

/Rich

[the427king]

The difference between the flu and the virus is that the virus is looked upon by some as something that will get them their political results. More people died from the flu in the us today, than have been killed by the virus in total . Craziest part is people will pay 500.00 for clorox to combat the virus , but wont get a free flu shot to combat the flu .

[Crush]

The oil/ gas adds to the hysteria. I woke up today to watch my net worth drop again because of all the fake news widespread loss of common sense. Sheesh may have to go get a job or sell some cars

[Lee Stewart]

Originally Posted by Crush

The oil/ gas adds to the hysteria. I woke up today to watch my net worth drop again because of all the fake news widespread loss of common sense. Sheesh may have to go get a job or sell some cars

I wouldn't call Italy putting 16 million people under lockdown and Saudi Arabia dropping the price of a barrel of oil down to ~ $30 fake news.

The Dow is now down almost 2100 points.

[Crush]

Originally Posted by Lee Stewart

I wouldn't call Italy putting 16 million people under lockdown and Saudi Arabia dropping the price of a barrel of oil down to ~ $30 fake news.

The Dow is now down almost 2100 points.

My point is fake news drives panic and fear. The pace and frequency of “news” is like never before and that rhetoric creates a fake reality. It builds and builds this virus does not have people dropping like flies. Most deaths are folks that had underlying health issues. How many kids have died? Zero.

I like what Buffett said

“ We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.”

[70 copo]

Originally Posted by Lee Stewart

I wouldn't call Italy putting 16 million people under lockdown and Saudi Arabia dropping the price of a barrel of oil down to ~ $30 fake news.

The Dow is now down almost 2100 points.

It is not fake. It is the way it is being pitched to the public. It is called lying by omission.

Saudi’s and Russia are in a Petro dollar pissing match right now and Iran and the proxy war in Yemen is front and center. Every one knew this was coming when the talks broke down over the weekend.

[the427king]

"a completely naive population on Earth".............How true is this statement. It wasnt long ago that Hostess said they were stopping the production of twinkies,and they were being sold on ebay for thousands of dollars a box. People 70 years ago would have dealt with this alot better and smarter than the current population,I dont recall people here fighting over toilet paper and twinkies during WW2.