Let's think this through. The @who is a sell out organization because we saw their message 3 weeks ago. Now we got countries that are larger scales of businesses in trouble. I've gotten calls from clinics for massage, chiropractic, and dental services all asking me to come in.
The ones that call me are signalling that they are probably leveraged and not flush with cash. Countries are looking at the problems in their own hospitals and feel like they are in the prisoner's dilemma. They can't give real numbers because of many reasons.
It could be that they don't know. It could be that they don't have it. It could be that they are so financially stretched that they fear economic collapse and are holding their breath hoping things settle down in time.
So the central banks and state actors have deploy the first and probably only means of controlling this from an economic point of view. You can give everyone $1000 every 2 weeks to stay home. But if everyone stays home, you run out of food and things necessary TO survive.
So even that strategy is at best short term. Every government on earth is hoping this thing dies down in 2 weeks. Every business will reevaluate their supply chain sourcing post this event.
The only thing worse than not panicking is panicking at the wrong time. Going to a Costco waiting 4 hours to buy things while being around a bunch of carriers is ironic if it wasn't deadly.
Every mediocre strategist and state civil servant is now at the mercy of the fat tails. Like I said before, welcome to Extremistan mediocristans, all your bell curve assumptions have fat tail mismatches. All your fat tails are belong to us.
