Prognosis

Why Rational People Are Panic Buying as Coronavirus Spreads

  • Psychologists view this as a form of control amid uncertainty
  • Store shelves around the world bare of toilet paper, staples
Virus Being Akin to Spanish Flu Is Worst Case Scenario, Dr. Celine Gounder Says
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The worldwide spread of the novel coronavirus is leading to some curious side effects: Store shelves are being stripped bare from Singapore to Seattle. Supermarkets in the U.K. have started rationing items. In Hong Kong a delivery man was reportedly robbed at knife-point of hundreds of toilet-paper rolls. Australia has seen brawls break out at supermarkets prompting police to taser one man. And France effectively nationalizedBloomberg Terminal all production of face masks after people began depleting the supply.