Re: Financial topics
Posted: Fri Jul 17, 2020 12:30 pm
Generational theory, international history and current events
https://www.gdxforum.com/forum/
John wrote: Wed Jul 15, 2020 3:14 pm ** 15-Jul-2020 World View: Fake vaccine news
Higgenbotham wrote: Wed Jul 15, 2020 11:25 am > I think they're using the China trade deal template to hold the
> market up.
> Yes, I believe there will be a vaccine, just as there was a trade
> deal, but...
> I've repeatedly harped on the Gen X Debacles and The 97th
> Percentile. It's my opinion that the vaccine will be rolled out
> and it will do more harm than good. So when I say the news is fake
> what I mean is that the vaccine will not be a panacea and in fact
> will turn out to be harmful on net.> "Merck CEO says raising COVID-19 vaccine hopes 'a
> grave disservice' - report
> https://www.reuters.com/article/us-heal ... SKCN24F2RV
> (Reuters) - COVID-19 vaccines under development are not guaranteed
> to work and people who say to expect a vaccine before year-end are
> doing a “grave disservice to the public,” Merck & Co Inc’s (MRK.N)
> chief said, according to an interview published on a Harvard
> Business School website on Monday.
> The potential vaccines may not have the qualities needed to be
> rapidly deployed in large numbers of people, Chief Executive
> Kenneth Frazier said in an interview with Tsedal Neeley, a
> professor at Harvard Business School.
> “If you’re going to use a vaccine on billions of people, you
> better know what that vaccine does.”
http://beniciaindependent.com/ucsf-scie ... temporary/UCSF SCIENTISTS: CORONAVIRUS IMMUNITY ONLY TEMPORARY?
JULY 17, 2020 ROGER STRAW
With coronavirus antibodies fading fast, vaccine hopes fade, too
San Francisco Chronicle, by Peter Fimrite, July 17, 2020
Disturbing new revelations that permanent immunity to the coronavirus may not be possible have jeopardized vaccine development and reinforced a decision by scientists at UCSF and affiliated laboratories to focus exclusively on treatments.
Several recent studies conducted around the world indicate that the human body does not retain the antibodies that build up during infections, meaning there may be no lasting immunity to COVID-19 after people recover.
Strong antibodies are also crucial in the development of vaccines. So molecular biologists fear the only way left to control the disease may be to treat the symptoms after people are infected to prevent the most debilitating effects, including inflammation, blood clots and death.
“I just don’t see a vaccine coming anytime soon,” said Nevan Krogan, a molecular biologist and director of UCSF’s Quantitative Biosciences Institute, which works in partnership with 100 research laboratories. “People do have antibodies, but the antibodies are waning quickly.” And if antibodies diminish, “then there is a good chance the immunity from a vaccine would wane too.”
My patient caught Covid-19 twice. So long to herd immunity hopes?
Emerging cases of Covid-19 reinfection suggest herd immunity could be wishful thinking.
By D. Clay Ackerly Jul 12, 2020, 9:40am EDT
“Wait. I can catch Covid twice?” my 50-year-old patient asked in disbelief. It was the beginning of July, and he had just tested positive for SARS-CoV-2, the virus that causes Covid-19, for a second time — three months after a previous infection.
While there’s still much we don’t understand about immunity to this new illness, a small but growing number of cases like his suggest the answer is yes.
Covid-19 may also be much worse the second time around. During his first infection, my patient experienced a mild cough and sore throat. His second infection, in contrast, was marked by a high fever, shortness of breath, and hypoxia, resulting in multiple trips to the hospital.
Recent reports and conversations with physician colleagues suggest my patient is not alone.
https://www.vox.com/2020/7/12/21321653/ ... d-immunityIn my opinion, my patient’s experience serves as a warning sign on several fronts.
First, the trajectory of a moderate initial infection followed by a severe reinfection suggests that this novel coronavirus might share some tendencies of other viruses such as dengue fever, where you can suffer more severe illness each time you contract the disease.
Second, despite scientific hopes for either antibody-mediated or cellular immunity, the severity of my patient’s second bout with Covid-19 suggests that such responses may not be as robust as we hope.
Third, many people may let their guard down after being infected because they believe they are either immune or incapable of contributing to community spread. As my patient’s case demonstrates, these assumptions risk both their own health and the health of those near them.
Last, if reinfection is possible on such a short timeline, there are implications for the efficacy and durability of vaccines developed to fight the disease.
https://www.nytimes.com/2020/07/15/busi ... messy.htmlThe Fed’s top regulator warns that global markets could turn messy.
By Jeanna Smialek
July 15, 2020
Randal Quarles, the Federal Reserve’s top bank regulator and chair of the global Financial Stability Board, warned that markets could gyrate again and that it was possible investors were setting the stage for a sharp drop in asset prices.
“Volatility in markets has decreased but may well return,” he warned in a letter to global finance ministers and central bankers released by the Financial Stability Board, which monitors banking system risks and makes recommendations to its members. “We may be seeing significant pricing disconnects between the market and economic fundamentals, which could result in sudden and sharp repricing.”