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Re: Shanghai is locking down over 10 million people at a time. Why that's a big deal

By: Cactus Flower in ALEA | Recommend this post (0)
Mon, 28 Mar 22 3:49 PM | 12 view(s)
Boardmark this board | The Trust Matrix 		Msg. 45113 of 54959
(This msg. is a reply to 45111 by clo2)
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I don't think locking down really works these days. Omicron is too transmissible.

The decision to live with it and take as many reasonable precautions as possible (jabs, masks) while accepting the remaining risk is about the only one left.

The difficulty for China is that its vaccines are not good but it is too proud to buy the ones that work better. So it is trying to hide from the deaths that are inevitable in a functioning society. But sadly, in the end, omicron will find the vulnerable. Because that is what it does.

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Shanghai is locking down over 10 million people at a time. Why that's a big deal
By: clo2 in ALEA
Mon, 28 Mar 22 3:05 PM 		Msg. 45111 of 54959

Shanghai is locking down over 10 million people at a time. Why that's a big deal

London (CNN Business)Many countries around the world have decided to live with the coronavirus, even as a new subvariant fuels another wave of infections. But China is an extremely important exception.

What's happening: China continues to deploy "snap" lockdowns as it tries to eliminate transmission of Covid-19 within its borders. The policy is hanging over the outlook for the global economy and financial markets, presenting more unknowns as investors scramble to assess the impacts of the war in Ukraine and surging inflation.

Starting Monday, around 11 million residents in the eastern half of Shanghai will be banned from going out for four days as mass testing kicks off. The staggered lockdown will then move to the other half of the city, which has about 14 million residents, beginning Friday.
Market reaction: The announcement sent global crude prices down sharply, as traders bet that the restrictions would reduce demand from a top consumer. China imports about 11 million barrels of oil per day.

http://www.cnn.com/2022/03/28/investing/premarket-stocks-trading/index.html

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