Quote:
Originally Posted by A971
Most mild cases recover.
But I think the happy feel good of that story is going to get lost now with:
-1st death in the US in Washington State and a declaration of emergency
-China mfg PMI fell to 35.7!! from 50 prev. This is the lowest level ever recorded. Lowest level in the financial crisis was 38.8.
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Mild is a very positive story. That’s ~40%. I think it’s misleading that 80% has become the new mild number. That’s not right to make people feel it’s just a cold and it’s an old person or underlining conditions only concern or issue.
Also to note PMI, China’s economy at that time (2008/9) was half of what it is today, so that PMI number is absolutely crushing.