‘Epidemic’ Is A Relative Term

‘Epidemic’ Is A Relative Term

Traders and investors were greeted by proliferating coverage of China's latest COVID outbreak as the new week dawned. State-run CCTV said more than 35,000 people in Inner Mongolia are under strict lockdown from Monday. The region accounts for around a third of new infections on the mainland discovered over the past several days. The flareup spread to nearly a dozen provinces in the space of a week. Wu Liangyou, an official at the country's National Health Commission, described the latest outbr
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5 thoughts on “‘Epidemic’ Is A Relative Term

  1. “Observing the Chinese economy, we must look at it from a comprehensive dialectical and long-term perspective, so that we can clearly recognize the general trend in short-term fluctuations, unearth deep motivation from pressure and challenges, boost confidence in bright spots and resilience, and consolidate majestic efforts to unswervingly promote high-quality development strength,”

    IDK if it’s an affect of the translation but I love the haphazard drop of Marxist/revolutionary adjectives seemingly at random. I’m pretty sure dialectical doesn’t mean what they think it means…

  2. Another Covid outbreak in China should do wonders for the supply chain issues. Anyone else beginning to think Covid will be us for the long haul? I read about a new Delta variant in the UK that is more deadly, yippee.

    1. The common cold and influenza, both incurable viruses related to COVID, have been around for centuries so if our latest bane keeps on going it should be no surprise. I just got my annual flu shot (sadly only really good for six months) and I will get my COVID booster in the next week or so. I don’t really care if anyone else wants to get vaccinated or not. There are too many of us as it is. I do this because I don’t want to get pneumonia (had it six times, nearly died once), the flu or COVID 19. I have enough problems breathing as it is and a long slow death from drowning in your own liquid is a horrible death.

  3. I think the thought that “a surge in infections . . . would reduce economic overheating by crimping demand, thereby helping allay stagflation worries and perhaps removing the risk of premature tightening by major central banks” is unlikely to prove out.

    The surge in prices is due to strong demand for goods – thanks to economic recovery, fiscal stimulus, monetary stimulus, reallocation from services – overstressing supply chains slowed by, among other things, Covid.

    If a winter Covid surge has consumers home furiously clicking Amazon, workers declining “essential work” in logistics and transportation, factories and ports in China shut down by a “zero-Covid” policy, I don’t think that will reduce inflationary pressures. Other than in some travel & hospitality sectors, I fear the opposite effect.

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