Virus contained vs muted recovery scenario: https://www.mckinsey.com/business-functions/risk/our-insights/covid-19-implications-for-business
The second wave of the economic pandemic caused by Covid 19 and a certain someone's utter incompetence should be on our doorsteps soon, what with the $600 unemployment kicker and moratorium on evictions ending very shortly. Fun, fun, fun.
The second wave of the pandemic itself has some threads of good news. While infection rates are increasing mortality rates appear to be plateauing - maybe health care workers are better at treatment or maybe the virus has mutated. There’s some good news out of Europe regarding schools and school aged children - some European Doctors think that school may actually be the best place for kids. There’s some thoughts that persons having had a Common Cold in the past two years might have developed some level of meaningful T-Cell resistance to Covid-19. I still think we’re in a range bound trade but we haven’t had the economic news to date to scare off the buyers.
My explanations for that: - The average age of the infected is 15 years younger. Younger people are generally less likely to die. - It is summer time with plenty of sunshine. People's level of vitamin D is much higher, a known protector. - No big indoor events, most infection probably happens outdoors, where the viral load is much less. So a small initial load means easier to fight it off. - Same with mask wearing, that controls/lessens the initial load. - The easiest to kill off already died. (well at least at some places) That is not to say there won't be plenty of deaths to come, but vulnerable places are more alert and they learnt to cope with the virus. Hopefully.
WH outright fudging the data now, who knows how long they've been at it. I wouldn't put it past them to have neglected to fudge the infections to match the mortality with how inept they are.' Or doctors finally got a handle on treatments
Trump wants to start economy up quickly as that is essential for his re-election. He doesn't care about the number of deaths, he only cares about the numbers of $$$ in his pocket.
I posted that BEFORE you suggested to move the thread to politics. Just like you posted about the same things.
If somebody is sick and has to stay home and take medication, he should stay home and take that medication till he is healed. If he would, half way, go to work again and not take the medication, he will finally get sicker again, and have to stay home longer. So his disease will continue for a longer time than initially. What happens in the US, can be compared with the man who went to work to quickly. Because of the elections Trump is under pressure to lift the lockdown as quick as possible. The result will be that the problems will continue longer, and in the long term will damage the economy much more. What is important for Trump is to create the impression that the economy is running like never before thanks to him. This will help him to be reelected. The fact that after the election reality will show the real effects of lifting the lockdown too early. But for Trump that is irrelevant as he will be president (that's what he hopes) for again 4 years. In most republican states the lockdown was lifted. In these states at this moment things are getting worse than before. So it is clear what will happen in future. Numbers of new cases are breaking new records every day and the number of deaths per 1 million continues to go higher and higher too at levels that were never reached before.
If he would have handled it correctly, his approval ratings would be through the roof, the economy would be chugging right along now and there would be less deaths. How stupid silly is that? Talk about dropping the ball.