Let’s collect good news here during the coronavirus pandemic. Let’s focus on the markets and society broadly. Let’s also try to explain why the news is good. We can also write about topics that, in your opinion, create hope for a better future.
In recent weeks, the flood of bad news has drowned out the good. The goal is to bring out the good news better.
Let’s try to keep the bad news out of here. If necessary, another thread can be set up for them.
Here’s the first one from Italy from yesterday, for example. “The increase in the number of deaths has now slowed down for the first time.” “There are 952 more people recovered from the virus than a day ago.”
We’ll surely see more spikes, but this is a start!
Came across some good news from China and Cargotec on Twitter. Delivery and factory activity is normalizing and customers and orders are coming in again.
All news that brings down stock prices is positive for us net buyers. Future return expectations are growing. We will get through corona and its consequences, even if recovery may take several years.
This is a dream come true for those of us pursuing financial independence, and at least for me, it will significantly accelerate the achievement of that goal. (87% of my portfolio in cash, and if we dip deep enough, I plan to take out a loan against my debt-free apartment. Hopefully, I’ll also keep my job so I can continue to save over half of my net salary.)
At least in Germany, the number of new infections has been on a downward trend for a few days now. On Friday, there were over 4000 new infections, but now for a couple of days, it’s been around 2500 per day.
Just got an email from Kone Foundation that they’re opening a quick call for artists for a three-month home residency. Well, at least not all artists will starve.
The fight against the pandemic has activated many companies to hire more people.
Here are over 400,000 new jobs.
I checked other sources and confirmed that these numbers are indeed true. Although many people will become unemployed during the pandemic, there are also new job opportunities either in the fight against the pandemic or as people’s consumption habits change. This is again a good indication of humanity’s adaptability.
Italy has today reported the slowest rise in the number of infections since the outbreak of the epidemic.
According to the BBC correspondent, there are now about 69,176 coronavirus infections in the country. The number rose by 8 percent from Monday’s figures. This is a slight slowdown from the previous days’ figures.
For me, one of the most hopeful things is the development of medicines and treatments against corona. That highly intelligent people around the world are working around the clock and in international cooperation to find more effective and better medicines.
One “grassroots” project is the QBI CORONAVIRUS RESEARCH GROUP, which, for example, goes through tens of thousands of existing medicines in labs to find working solutions. The point here is also that based on existing medicines, it is possible to act faster, as safe doses and side effects have already been tested. I also donated money to that activity, it has been so impressive to read about.
I am also hopeful about antibody drugs, which are being developed and tested by companies like Regeneron, Eli Lilly, Vir Biotechnology, and Biogen, as well as the Chinese company I-mab.
Polymerase inhibitors also seem promising here. These have been made by at least Gilead Sciences, Biocryst, and Toyama Chemical.
Some HIV drugs may also provide help, even though the drug manufactured by Abbvie did not work in extensive tests.
It is also great how many companies are developing vaccines; the more developers there are, the greater the chances of finding effective vaccines and medicines, although it will still take a long time for vaccines to come into use.
In a scenario with a potential deep recession lasting years, I also see a small glimmer of a positive side there. The comment did have a question mark, though…
People here have been saying that the stock market tends to look 6 months ahead… I don’t know in which cabinets that was decided, though.
UK’s Secretary of Health Matt Hancock appealed to the public yesterday, stating that the UK needs 250,000 volunteers to help the NHS deliver medicines, groceries, and make phone calls to people isolated at home. So far, 405,000 people have signed up! The need and desire to help are immense!
Distance learning via Google Classroom has worked well. My own schoolchild’s Easter holiday starts tomorrow. The sun is shining, and people are finally starting to internalize the necessity of a 2m safety distance when encountering strangers.
As a UK citizen, I feel that the government’s actions and communication have been systematic. Restrictions have been implemented gradually but swiftly. The financial support package was put in place quickly, and there haven’t been major problems for those who can switch to remote work. Tomorrow, a support package for self-employed individuals (sole traders?) will be announced. The government has organized a televised press conference with experts for the press every day since March 12, when the UK moved from the Contain phase to the Delay phase in the fight against coronavirus. These press conferences have been really good at providing an overview of the situation. A couple of days ago, the press also started participating in these events remotely. This could very well lead to new operating methods for the post-corona era.
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