The Cost Of Containing The Coronavius Is ‘Astronomical’ [Forbes]
NATIXIS UNSP/ADR (NTXFY)
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Source: Forbes
A tattered American flag hangs from a fence across the street from Wyckoff Hospital in the Borough... [+]of Brooklyn on April 4, 2020 in New York. Welcome to Wuhan. (Photo by BRYAN R. SMITH/AFP via Getty Images)If you ever wanted to know what a real ‘stop the world’ moment would be like, you are now living one.Thanks to what seems like an unstoppable, global pandemic, the core economies are on lockdown with talks to extend shelter in place orders for more than the 30 days first laid out by President Trump in a press conference last week.Over 10 million people have filed for unemployment in two weeks, more than applied in the first two months of the financial crisis of 2008. Some may get their jobs back. Others will not. Worse yet, 10 million is just the start.It’s springtime, and much of the U.S. is closed for business.Over 245,000 people in the U.S. have tested positive for the SARS coronavirus. Some 6,600 of them have died, double the amount that died in China, based ondataToday In:
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