Challenging Times During These Periods of Uncertainty

Still much we don’t know about this global coronavirus pandemic.

These are challenging times as the world prepares for, and responds to, the worldwide novel coronavirus (COVID-19) pandemic.

Pandemic of Fear

Pandemic means sustained and continuous transmission of the disease, concurrently in more than three different geographical regions. Pandemic does not refer to the lethality of a virus but to its transmissibility and geographical extension.

What we certainly have is a pandemic of fear and uncertainty. The prescribed cure for the pandemic of fear and panic is not to rush to your local Costco or neighborhood grocery store to purchase a year’s worth of toilet paper. Instead, it’s to step away away from your television and keep everything in prospective. Additionally, it’s important to comprehend that it’s going to get better.

The health risks posed by COVID-19 are real and the short-term business impact has been significant. The economic and financial market consequences, however, are unlikely to be long term. In the short-term, we’re seeing the markets plummet as investors process that uncertainty and participate in panic selling.

Prospective, Faith, Poise and Process

Our thoughts go out to the people who have been affected by this unprecedented event and we appreciate the healthcare workers, local communities, and governments around the world who are on the proverbial tip of the spear working to contain this coronavirus.

The COVID-19 virus has required all of us to be more mindful as we go through our regular activities. Daily, we must ensure that we follow guidance from the CDC and WHO on hygiene and social distancing. We must address a broad spectrum of viruses, including COVID-19, by handwashing hygiene and cleaning common surfaces in our environment.

“This too will end” is a certainty. What is unknown is when this will end. And, as a results, fear and panic has assumed a death grip on the financial markets as well as on our daily lives. Many financial and health experts recommend taking a break from the television and constants dire news report.

80% cases mild

According to Chinese officials regarding the outbreak, about 80% of novel coronavirus cases are mild. Many of those effected experience only a fever or dry cough, while some show no symptoms at all. People who showed no symptoms or only mild symptoms may mean that many cases of the new coronavirus go unreported.

Older adults and people who have severe chronic medical conditions, like heart, lung, kidney disease, or diabetes, may be at higher risk for severe illness from COVID-19. If you or a loved one are at increased risk of getting COVID-19, take action now:

  • Take care of your own health
  • Stay home as much as possible
  • Make a plan now in case you get sick
  • Pay attention to what’s happening locally

https://bit.ly/2wM2X1m

The U.S. Department of State recommends travelers, especially older adults and those with underlying health issues, defer all cruise ship travel worldwide. COVID-19, like many other viral respiratory illnesses, appears to spread more easily between people in close quarters. Recent reports of COVID-19 on cruise ships highlight the risk of infection to passengers and crew.

See the newest travel advice: https://bit.ly/2TWsw7H


References:

  1. https://theweek.com/articles/900400/coronavirus-really-black-swan-event
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