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Little Chance of Coronavirus Containment in South Korea

Summary:
Moments ago I reported 115 New Deaths and a South Korea Mayoral Alert "Stay Indoors". The alert was issued by Daegu mayor Kwon Young-jin. With that, the mayor just told a city of 2.5 million to "stay indoors" That's highly unlikely until it's ordered. The alert follows news that the South Korean Ministry of Health and Welfare reported a total of 104 confirmed cases of COVID-19 and 1 death, more than double the 51 cases reported yesterday. Of the newly reported cases, 28 are linked to churches associated with known confirmed cases (5 at one church and 23 at another) and 14 are linked to hospitals (1 at one hospital and 13 at another). In a briefing earlier today, South Korean MOH officials announced that they expect to identify additional cases linked to the churches. Another Wuhan?

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Moments ago I reported 115 New Deaths and a South Korea Mayoral Alert "Stay Indoors".

The alert was issued by Daegu mayor Kwon Young-jin.

With that, the mayor just told a city of 2.5 million to "stay indoors"

That's highly unlikely until it's ordered.

The alert follows news that the South Korean Ministry of Health and Welfare reported a total of 104 confirmed cases of COVID-19 and 1 death, more than double the 51 cases reported yesterday. Of the newly reported cases, 28 are linked to churches associated with known confirmed cases (5 at one church and 23 at another) and 14 are linked to hospitals (1 at one hospital and 13 at another). In a briefing earlier today, South Korean MOH officials announced that they expect to identify additional cases linked to the churches.

Another Wuhan?

Seoul to Daegu Trains

Please consider the Rail.Ninga Schedule

High-speed bullet train from Seoul to Daegu is definitely one of the most comfortable ways to journey between the two cities as it will take you from Seoul Central Station to both Dongdaegu station or Daegu station in just about 2 hours. High-speed Intercity train Mugunghwa, as well as express trains ITX-Saemaul and ITX, provide an amazing opportunity to travel with comfort though the trip will take approximately 3,5 hours. It is worth considering that ticket prices are almost the same for each type of train, so ardent train journey enthusiasts who value fast connections will be satisfied. With more than 80 bullet train departures depending on the weekday, an extensive train schedule allows you to plan your upcoming adventure absolutely worry-free. Already feel inspired to tour South Korea? Check Seoul to Daegu train timetable and book the best tickets with Rail Ninja, the online booking platform for European trains.

Direct Flights

Via Korean Airline there are many flights between Daegu and the USA. Here are some I found on SkyScanner.

Fed Minutes Highlight Coronavirus Concerns and Uncertainty 8 Times

Yesterday I commented Fed Minutes Highlight Coronavirus Concerns and Uncertainty 8 Times

Those minutes are from a January 28-29 meeting before there was much of any concern elsewhere.

Please note that Half the Population of China, 760 Million, Now Locked Down

From an economic standpoint, January say the Largest Shipping Decline Since 2009 and That's Before Coronavirus impact hit.

Supply chain disruptions have barely started.

It is impossible to estimate the full impact as long as cases are spreading. Worse yet, cases are exponentially rising outside of China.

Stay Indoors, Really?!

How likely is that?

Is there something that need to be done other than a suggestion?

Mike "Mish" Shedlock

Mike Shedlock
Mike Shedlock (Mish) is a registered investment advisor representative for SitkaPacific Capital Management (http://www.sitkapacific.com/). Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction.

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