Weekly Commentary: Pandemic Risk Rising

by Doug Noland
Credit Bubble Bulletin

Coronavirus cases in China surpassed 76,000. Deaths have reached 2,345. The number of new cases has slowed markedly, perhaps owing to repeated changes in the methodology of counting infections. Developments elsewhere are less encouraging. Plans have been drawn to add 19 temporary hospitals in Wuhan. There are reported cases of Chinese being re-infected after hospital discharge. This week saw a surge in coronavirus cases in Beijing to 396. Two hospitals in Beijing were quarantined, as concerns of a rapid escalation mount. Infections are now spreading in multiple Chinese prisons. Twelve cases have been reported at a single Wuhan nursing home.

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