Thursday, April 16, 2020

Thinking about opening the U.S. economy for business

It's true the "experts", 
and their models, 
were wrong about
COVID-19 deaths.

That does not mean
staying home and
social isolation 
was bad advice.

Even if the number
of lives saved were 
not large enough
to offset the costs:
 Social and financial 
pain for people 
who self-isolated,
some without 
any income.

"Experts" and 
their models
have been wrong 
about a coming 
climate crisis
since the 1970s, 
but there are still
plenty of believers.


So, what will people
believe about the
COVID-19 virus
on May 1, or June 1,
or July 1, or August 1,
when they are finally 
told "it's now safe"
to return to work,
by the "experts" ?

I'm assuming 
there is no
safe and effective
COVID-19 vaccine 
by August 1:

Will people trust
the "experts" ?

Will people travel on 
a crowded bus, train,
subway or plane ?

Will people get in a 
taxi or Uber car ?

Will people go to a 
crowded bar or 
restaurant ?

Will people go to 
a ball game ?

After six weeks
( to May 1)
to 18 weeks
(to August 1)
of social isolation,
how much risk 
will people take,
knowing that 
COVID-19 
infections
may have 
no symptoms ?

The answers to
these questions 
are very important
to determine 
how fast the U.S.
economy could 
rebound from the
unprecedented
partial shutdown.


Influenza is typically
very seasonal --
cases peak in 
March, and deaths
(about 1 of 1,000)
peak in April.

15,000 to 60,000 dead
is a typical U.S. year
for ordinary flu strains,

Heat and humidity
significantly slow
the spread of the flu.

Then the next flu season 
starts roughly October 1.


COVID-19 seems to 
be following that 
seasonal pattern, 
but we can't be sure.

We can be sure 
COVID-19 spreads
rapidly and the death
rate could be 
as high as 1 in 100,
much higher than 
ordinary fly strains.

We can be confident
that the lack of a vaccine
will prevent the economy
from returning to "normal".

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