Best of the Week
Most Popular
1. Gold vs Cash in a Financial Crisis - Richard_Mills
2.Current Stock Market Rally Similarities To 1999 - Chris_Vermeulen
3.America See You On The Dark Side Of The Moon - Part2 - James_Quinn
4.Stock Market Trend Forecast Outlook for 2020 - Nadeem_Walayat
5.Who Said Stock Market Traders and Investor are Emotional Right Now? - Chris_Vermeulen
6.Gold Upswing and Lessons from Gold Tops - P_Radomski_CFA
7.Economic Tribulation is Coming, and Here is Why - Michael_Pento
8.What to Expect in Our Next Recession/Depression? - Raymond_Matison
9.The Fed Celebrates While Americans Drown in Financial Despair - John_Mauldin
10.Hi-yo Silver Away! - Richard_Mills
Last 7 days
UK Coronavirus Infections and Deaths Projections Trend Forecast - Video - 28th Mar 20
The Great Coronavirus Depression - Things Are Going to Change. Here’s What We Should Do - 28th Mar 20
One of the Biggest Stock Market Short Covering Rallies in History May Be Imminent - 28th Mar 20
The Fed, the Coronavirus and Investing - 28th Mar 20
Women’s Fashion Trends in the UK this 2020 - 28th Mar 20
The Last Minsky Financial Snowflake Has Fallen – What Now? - 28th Mar 20
UK Coronavirus Infections and Deaths Projections Trend Forecast Into End April 2020 - 28th Mar 20
DJIA Coronavirus Stock Market Technical Trend Analysis - 27th Mar 20
US and UK Case Fatality Rate Forecast for End April 2020 - 27th Mar 20
US Stock Market Upswing Meets Employment Data - 27th Mar 20
Will the Fed Going Nuclear Help the Economy and Gold? - 27th Mar 20
What you need to know about the impact of inflation - 27th Mar 20
CoronaVirus Herd Immunity, Flattening the Curve and Case Fatality Rate Analysis - 27th Mar 20
NHS Hospitals Before Coronavirus Tsunami Hits (Sheffield), STAY INDOORS FINAL WARNING! - 27th Mar 20
CoronaVirus Curve, Stock Market Crash, and Mortgage Massacre - 27th Mar 20
Finding an Expert Car Accident Lawyer - 27th Mar 20
We Are Facing a Depression, Not a Recession - 26th Mar 20
US Housing Real Estate Market Concern - 26th Mar 20
Covid-19 Pandemic Affecting Bitcoin - 26th Mar 20
Italy Coronavirus Case Fataility Rate and Infections Trend Analysis - 26th Mar 20
Why Is Online Gambling Becoming More Popular? - 26th Mar 20
Dark Pools of Capital Profiting from Coronavirus Stock Markets CRASH! - 26th Mar 20
CoronaVirus Herd Immunity and Flattening the Curve - 25th Mar 20
Coronavirus Lesson #1 for Investors: Beware Predictions of Stock Market Bottoms - 25th Mar 20
CoronaVirus Stock Market Trend Implications - 25th Mar 20
Pandemonium in Precious Metals Market as Fear Gives Way to Command Economy - 25th Mar 20
Pandemics and Gold - 25th Mar 20
UK Coronavirus Hotspots - Cities with Highest Risks of Getting Infected - 25th Mar 20
WARNING US Coronavirus Infections and Deaths Going Ballistic! - 24th Mar 20
Coronavirus Crisis - Weeks Where Decades Happen - 24th Mar 20
Industry Trends: Online Casinos & Online Slots Game Market Analysis - 24th Mar 20
Five Amazingly High-Tech Products Just on the Market that You Should Check Out - 24th Mar 20
UK Coronavirus WARNING - Infections Trend Trajectory Worse than Italy - 24th Mar 20
Rick Rule: 'A Different Phrase for Stocks Bear Market Is Sale' - 24th Mar 20
Stock Market Minor Cycle Bounce - 24th Mar 20
Gold’s century - While stocks dominated headlines, gold quietly performed - 24th Mar 20
Big Tech Is Now On The Offensive Against The Coronavirus - 24th Mar 20
Socialism at Its Finest after Fed’s Bazooka Fails - 24th Mar 20
Dark Pools of Capital Profiting from Coronavirus Stock and Financial Markets CRASH! - 23rd Mar 20
Will Trump’s Free Cash Help the Economy and Gold Market? - 23rd Mar 20
Coronavirus Clarifies Priorities - 23rd Mar 20
Could the Coronavirus Cause the Next ‘Arab Spring’? - 23rd Mar 20
Concerned About The US Real Estate Market? Us Too! - 23rd Mar 20
Gold Stocks Peak Bleak? - 22nd Mar 20
UK Supermarkets Coronavirus Panic Buying, Empty Tesco Shelves, Stock Piling, Hoarding Preppers - 22nd Mar 20
US Coronavirus Infections and Deaths Going Ballistic as Government Start to Ramp Up Testing - 21st Mar 20
Your Investment Portfolio for the Next Decade—Fix It with the “Anti-Stock” - 21st Mar 20
CORONA HOAX: This Is Almost Completely Contrived and Here’s Proof - 21st Mar 20
Gold-Silver Ratio Tops 100; Silver Headed For Sub-$10 - 21st Mar 20
Coronavirus - Don’t Ask, Don’t Test - 21st Mar 20
Napag and Napag Trading Best Petroleum & Crude Oil Company - 21st Mar 20
UK Coronavirus Infections Trend Trajectory Worse than Italy - Government PANICs! Sterling Crashes! - 20th Mar 20
UK Critical Care Nurse Cries at Empty SuperMarket Shelves, Coronavirus Panic Buying Stockpiling - 20th Mar 20
Coronavirus Is Not an Emergency. It’s a War - 20th Mar 20
Why You Should Invest in the $5 Gold Coin - 20th Mar 20
Four Key Stock Market Questions To This Coronavirus Crisis Everyone is Asking - 20th Mar 20
Gold to Silver Ratio’s Breakout – Like a Hot Knife Through Butter - 20th Mar 20
The Coronavirus Contraction - Only Cooperation Can Defeat Impending Global Crisis - 20th Mar 20
Is This What Peak Market Fear Looks Like? - 20th Mar 20
Alessandro De Dorides - Business Consultant - 20th Mar 20
Why a Second Depression is Possible but Not Likely - 20th Mar 20

Market Oracle FREE Newsletter

Coronavirus-bear-market-2020-analysis

China Coronavirus Infections Soar by 1/3rd to 60,000, Deaths Jump to 1,367

Politics / Pandemic Feb 13, 2020 - 09:44 AM GMT

By: Nadeem_Walayat

Politics

The Chinese communist regime's propaganda of the past week of having brought the Coronavirus outbreak under control by referring to daily falling infection rates from a peak of about 4,500 to 2000 has now been completely blown away following the declaration of a huge 33% jump in the number of infections (15,000) totalling 60,000 today! Also the number of deaths has jumped sharply higher to 1369 from 1115.


This illustrates what I have been stating for several weeks that China's coronavirus statistics just cannot be trusted where the true number of infections and deaths could easily be triple the official data. So today's jump should not be so surprising given that China is hitting capacity constraints in it's ability to diagnose cases and cause of deaths. As the primary objective is to halt the pandemic rather than count numbers. So even those suspected of being infected are being isolated by force or told to go home and self quarantine, far away from the over flowing hospitals and medical centres, thus greatly masking the true number of infections.

Though the same would likely be true for most nations once they start to pass a certain number of infections that swamp the capacity of healthcare the systems. The only difference being that China refused to acknowledge the outbreak for the first month, even going so far as to silence doctors who were warning of the new virus.

China is a totalitarian state where the primary objective of every citizen and lowly officials is follow the rules which means to demonstrate what a good citizen they are by towing the community party line, and to behave in a manner that pleases the communist party. Which in this respect meant not to be the harbinger of bad news. So clearly as I've often voiced in my videos and articles of the past 3 weeks is that officials are reluctant to pass bad news on up the command chain, which is primary factor in today's jump of 1/3rd, as suspected infections were tended to be ignored so as to fulfill the communist parties objectives for public statements that the virus was coming under control.

So expect to see further such revisions over the coming days as the number is likely to jump over 100,000 cases. Especially as I doubt that the temperature sensors are of much use in detecting infections, as a study of cases reveals that the high temperatures only tend to come about a week AFTER infection when the patient is clearly ill. So widespread use of the temperature checks is mostly useless in identifying infected persons.

Coronavirus Spread Day 67 - 13th Feb 2020 Update

My forecast for the number of infections and deaths by 11th of Feb 2020 vs actual reported:

  Infections Deaths
Forecast 129016 3612
Actual Reported 60280 1367
% Diff 47% 38%

 

Were this trend to continue into the end of February 2020 then the number of infected would total 467,000, whilst the number of deaths would total 10,595. So the latest data implies a lower spread but still a relatively high mortality rate of about 2.3%.

In reality the actual number of infections and deaths is likely closer to the forecast than what China's healthcare system hitting capacity constraints implies, as for some weeks all those even suspected of being infected are not being met by medical staff but by a barely protected army of police as the opening minutes of my most recent video illustrates.

China Under Reporting Coronavirus COVID-19 Infections, Africa and South America Hidden Outbreaks

The fact that China is grossly under reporting the actual number of cases translates into:

a. The number of infections outside of China will continue to rapidly increase as contact with infected Chinese people acts as sparks for epidemics elsewhere.

b. That the outbreak in China will FAIL to subside, which is what it should do if Chinese statistics were accurate i.e. the pandemic would basically come to an end within a couple of weeks. But instead I expect the number of infections to continue at a high rate for several more months.

So I still expect the actual pool of infected to pass 1 million by the end of February and thus the risks of a global pandemic remain highly probable.

And that there are large susceptible populations with poor healthcare infrastructure such as India that announced it's first infection a week ago where outbreaks could quickly overwhelm heathcare systems. Also that a vaccine is still a good 4 months away so far too late to have any impact on this pandemic.

The bottom line is no one should be fooled by coronavirus statistics out of China, the pandemic is NOT under control and the number of infected has likely already passed 200,000. With like wise the number of deaths exceeding 2,000 or about twice the official number, the evidence of which is being literally cremated.

Therefore given the actual continuing rate of spread of the virus in China then the forecast trend trajectories for the rest of the world is currently one of being in the calm before the storm stage with likely several outbreaks that risk over whelming healthcare systems around the world as has happened in China.

What's more worrying is that when one looks at the world map, apparently there are no cases of the virus in Africa or South and Central America? That is very hard to believe, instead suggests that there are hidden out breaks underway in those regions that will only make the light of day when the body bags start piling up.

Until then don't be fooled into a false sense of security, the pandemic IS coming to your nation, where my next analysis will be a forecast for the expected trend trajectory for the UK into the end of March 2020.

So take this calm before the storm stage to take measures to protect yourselves by both limiting exposure to risk of viral particles and in boosting ones immune systems so as to better cope with an infection, achieved by for instance consuming say 2 or 3 oranges a day for vitamin C, as one example of boosting ones immune system, another example is to ensure you get ample sleep. I will cover how to protect from the coronavirus in more detail in a future article.

Will CoronaVirus Pandemic Trigger a Stocks Bear Market 2020?

My latest in-depth analysis that concludes in a detailed trend forecast for the Dow stocks index has first been made available to Patrons who support my work (Will CoronaVirus Pandemic Trigger a Stocks Bear Market 2020?).

  • Stock Market Deviation from Overall Outlook for 2020
  • QE4EVER
  • As Goes January So Goes the Year
  • Short-term Trend Analysis
  • Long-term Trend Analysis
  • ELLIOTT WAVES 
  • Formulating a Stock Market Trend Forecast
  • Dow Stock Market Forecast Conclusion
  • TRADING THE DOW
  • Will Trump Win US Presidential Election 2020?
So for immediate first access to ALL of my analysis and trend forecasts then do consider becoming a Patron by supporting my work for just $3 per month. https://www.patreon.com/Nadeem_Walayat.

Recent analysis includes :

Scheduled Analysis Includes:

  • UK Housing market series
  • Machine Intelligence Investing stocks sub sector analysis
  • Bitcoin trend forecast
  • Euro Dollar Futures
  • EUR/RUB
  • US House Prices trend forecast update

And ensure you are subscribed to my ALWAYS FREE newsletter for my next in-depth analysis.

Your Analyst

Nadeem Walayat

http://www.marketoracle.co.uk

Copyright © 2005-2020 Marketoracle.co.uk (Market Oracle Ltd). All rights reserved.

Nadeem Walayat has over 30 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis focuses on UK inflation, economy, interest rates and housing market. He is the author of five ebook's in the The Inflation Mega-Trend and Stocks Stealth Bull Market series that can be downloaded for Free.

Housing Markets Forecast 2014-2018The Stocks Stealth Bull Market 2013 and Beyond EbookThe Stocks Stealth Bull Market Update 2011 EbookThe Interest Rate Mega-Trend EbookThe Inflation Mega-trend Ebook

Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication that presents in-depth analysis from over 1000 experienced analysts on a range of views of the probable direction of the financial markets, thus enabling our readers to arrive at an informed opinion on future market direction. http://www.marketoracle.co.uk

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors before engaging in any trading activities.

Nadeem Walayat Archive

© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules