PPRuNe Forums - View Single Post - Who will survive this and be here in 6 months ?
Old 18th Mar 2020, 00:30
  #206 (permalink)  
PAXboy
Paxing All Over The World
 
Join Date: May 2001
Location: Hertfordshire, UK.
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cattletruck
To put this reaper into perspective. The current death toll from coronavirus currently stands at 5830 over a 1.5 month period. The average annual death toll from tobacco stands at 8 million (https://www.who.int/news-room/fact-s...detail/tobacco).
You are not comparing like for like. It is well known that, if someone smokes cigarettes for 20 years+, they are probably going to die of it. Likewise, death due to car prang and annual flu - it is well known. What people are panicking about is a NEW disease that cannot be seen or felt when it infects you and might kill you or deprive you of a job when your company cannot trade.


All govts and corporates picked up their old rule book and started reading. Eventhough some have been pointing out (for some time) that there was a Depression waiting for a trigger. ALL central banks now have to do something different and, for institutions, that is very, very difficult.

One of the key problems is that money is needed more urgently at the 'bottom' of the ladder, for the people with mortgages and bills to pay. Govts are only used to giving money to the 'top' of the ladder.

Putting money in at the top is not great as so little will reach the bottom. This needs a complete rethink by Govt and central banks. Neither of which are renowned for being able to change their entire way of thinking. Leave alone in the space of two weeks. That applies to every line of work.
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