China Virus: A Black Swan?

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
China Virus: A Black Swan?

© Rost-9D / Getty Images

Rarely does a disease spread fast enough and is labeled dangerous enough that it quickly gets the attention of the World Health Organization. A coronavirus, which has killed several people in China and has spread to other Asian countries, qualifies. If the disease moves to nations outside Asia and the death toll rises, it could become an international health emergency. Among the issues at stake is that it could affect populations around the world and curtail travel.

The coronavirus causes deadly pneumonia. It is found in both humans and animals. While it can cause colds, it may be best known for causing the SARS epidemic of 2002.

The WHO will meet on Wednesday to decide whether to put its considerable resources against the spread of the virus, which has already moved to Japan, South Korea and Thailand.

Among the worries about the virus is that it has no cure. The other is that it can spread very rapidly. The last is that it is very deadly, though not, apparently, as deadly as SARS. It is not hard to imagine that the disease could spread across Asia and beyond.

The National Center for Biotechnology said in a report about the SARS epidemic of 2002:

The SARS epidemic was not simply a public health problem. Indeed, it caused the most severe socio-political crisis for the Chinese leadership since the 1989 Tiananmen crackdown. Outbreak of the disease fueled fears among economists that China’s economy was headed for a serious downturn.

[nativounit]

An extremely serious outbreak of the new disease could have consequences similar to 2002. That is why the incident has gotten so much coverage and poses such a considerable threat.

[recirclink id=636927]
[wallst_email_signup]

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Continue Reading

Top Gaining Stocks

CBOE Vol: 1,568,143
PSKY Vol: 12,285,993
STX Vol: 7,378,346
ORCL Vol: 26,317,675
DDOG Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ Vol: 4,367,433
CLX Vol: 13,260,523
SYK Vol: 4,519,455
MHK Vol: 1,859,865
AMGN Vol: 3,818,618