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This is unprecedented. Entering a Bear Market (loss of 20% of stock value) in just 10 days where in the 2008 crash it took 200+ days and all over 116 Coronavirus deaths, 95% of which are among the elderly??????
Corona may be serious but to bring an entire economy down over 116 deaths in over a 1-month period is the definition of insanity IMHO. When this things starts to die out by summer the US economy will be in shambles at this rate. We will learn that Trump was right all along--it was the most gigantic hoax ever perpetrated on the US people.
Here is an alternative to our current plans without the massive economic fallout. Hopefully this addresses all the people who are saying we are overreacting.
First, we figure out the lethality of coronavirus minus anyone over 65, immunocompromised and other at risk groups. We determine if that number makes coronavirus a bad case of the flu or not. If we determine that number to be acceptable, we go on with business as usual with no specific quarantines. The infection will spread across the population like a flu without vaccines.
To address the issue of healthcare system being overwhelmed, we will immediately stop treating anyone in the group we have removed from that calculation above, anyone over 65 etc. etc. We will provide them the minimum amount of care that is both humane but also ensure they will not burden the healthcare system. This means no ICUs, not taking up beds for weeks. More bluntly, they will be acceptable losses.
As a disclaimer, this is not the path I am advocating. But I think we need we a clear-eyed cost benefit analysis of what it means to "not overreact."
This is unprecedented. Entering a Bear Market (loss of 20% of stock value) in just 10 days where in the 2008 crash it took 200+ days and all over 116 Coronavirus deaths, 95% of which are among the elderly??????
Corona may be serious but to bring an entire economy down over 116 deaths in over a 1-month period is the definition of insanity IMHO. When this things starts to die out by summer the US economy will be in shambles at this rate. We will learn that Trump was right all along--it was the most gigantic hoax ever perpetrated on the US people.
There will be/have been 234,000 cases in US by Mar 31.
About 6,000 will die.
This summer the death toll will read 10,000 per month.
100's of thousands by the time there is a vaccine, with about 3 - 5 million cases.
Italy is a basket case. The US is NOT Italy. Over the same period as Italy we got only 116 deaths to Italy's 2,500. That's not even a fair comparison.
Since there is no vaccine and the virus is not curable, the quality of the health care system has nothing to do with numbers of cases.
They are able to save lives with ventilators, but the only defense is your immune system.
This is unprecedented. Entering a Bear Market (loss of 20% of stock value) in just 10 days where in the 2008 crash it took 200+ days and all over 116 Coronavirus deaths, 95% of which are among the elderly??????
Corona may be serious but to bring an entire economy down over 116 deaths in over a 1-month period is the definition of insanity IMHO. When this things starts to die out by summer the US economy will be in shambles at this rate. We will learn that Trump was right all along--it was the most gigantic hoax ever perpetrated on the US people.
Way to understand the implications...oh yeah, and anyone over the age of 50 is worthless, got it. At least that also includes Trump.
Italy is a basket case. The US is NOT Italy. Over the same period as Italy we got only 116 deaths to Italy's 2,500. That's not even a fair comparison.
To reiterate: the US could easily become a basket case just like Italy if the number of critical patients exceeds the available ICU beds and/or ventilators. It's not because Italy's hospitals are vastly inferior to ours. Keeping the US caseload below hospital capacity is the whole point of "flattening the curve," isolating people at home, prohibiting crowds, closing restaurants, etc.
I agree with you. But the deaths will not be the worst problem. A much bigger problem will be the millions of people who will be devastated economically. Many of them will never recover.
Another wave of homelessness and deaths of despair will come. It's inevitable. These will far outpace this virus. This virus is nothing. Look at the deaths of Wuhan Province. It was nothing. They are still having positive cases but they are all back to work.
Family's will have to ban together again. Those that lived beyond there means will tumble back to parents house. Hello mom and dad, here's Johhny with wife and 3 baby eggberts.
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At least that also includes Trump.
