by Wolf Richter
Is this the black-swan event people have been predicting for years?
The numbers are getting bigger every day. As of the end of Saturday in China, there have been over 14,000 confirmed cases of the novel coronavirus, which originated in Wuhan, a city with 11 million people, in Hubei province. 304 people have died in China, according to official numbers.
And there are reports coming out that confirm suspicions that official numbers in China may have to be taken with a grain of salt. According to a report by the New York Times today, Chinese authorities silenced doctors and others who were seeing the first symptoms starting in early December. Authorities obfuscated even the basics: for example, they told the public that they closed the food market, where the virus had first infected humans, for renovations.