by Michael Snyder
The Economic Collapse Blog
We haven’t seen anything cause this much worldwide fear in a really long time. But even though there is so much fear, we still don’t know if this is going to evolve into the next great global pandemic that kills millions of people or not. I wish that I had a definitive answer for you. At this point we do know that the number of confirmed cases outside of China continues to rise at a very alarming rate, and we also know that this virus is about 34 times more deadly than the flu according to the latest numbers. But in order for it to kill millions of people, a substantial percentage of the global population would have to be infected, and we don’t know if that is actually going to happen.
But in major cities around the globe where there has been an eruption of COVID-19 cases, we are seeing severe disruptions in normal activity.