Inspector Norse wrote:
Using historical precedence, the coronavirus will probably closely track the patterns other emerging viruses that became pandemics
1) New virus is identified and contained to small population
2) Fear grows as the some people die off and more people are affected
3) Full blown panic as it becomes a global pandemic, everyone freaks out and economies falter
4) Virus dies down, finds an equilibrium in the human population and becomes endemic
This happened with MERS, SARS, H1N1 etc
This is the most likely outcome for COVID.
The WORST case scenario is that it behaves totally different, mutates into something more virulent and wipes out a large part of humanity. But there's really no reason to believe it will do that.
Well, if the virus isn't contained to a small population, it's not so typical. If the rate of contagion is too fast, the health system won't be able to treat serious cases effectively, so the mortality rate will be higher than expected. Panic ensues.
No need to be too complacent, any more than being too freaked out.
I like to know what the worse case scenario could be, and then get more reasonable once reliable patterns emerge. I don't want to lose long term investment returns any more than anyone else, but I don't want myself, or family members, to be immediately financially devastated by schools being shut down or jobs shutting down in just a matter of weeks. Rapid response out of an abundance of caution is called for.