coldfish wrote:I still see a huge number of unknowns:
- Is the quarantining and social distancing working? Logic says that it has to be but Italy has been doing it for weeks and their situation seems to continue to deteriorate.
- Once we get past the initial surge, then what? Are we just going to keep the country locked down for 6 months? Will this die out? Is there some type of treatment or vaccine around the corner that can radically mitigate this?
- We still really don't know how rapidly the virus spreads and how severe it is. IMO, the data is still bad. You outright can't trust the Chinese and most of the rest of the world is rationing tests.
The economic situation is rapidly deteriorating. A $2T stimulus isn't doing bunk in the face of this. This is really uncharted territory from an economic standpoint. We are sitting on a mountain of debt in the private sector and most people stopped doing anything of value or spending discretionary income. I wouldn't be surprised if our day to day GDP wasn't down 35%. No one is buying anything of value, going out to restaurants or taking trips. The energy sector got nuked. Its basically just food and other consumer goods, defense spending, other government spending and medical.
This touches with my main problem about the social distancing plan. What is the end game here?
A vaccine is likely a year away for safety reasons, and if you try to flatten the curve, you will have to stay in this social distancing mode for that long unless you can completely wipe it out. Society will absolutely break down if you try to keep this up for that long.
If you thought social distancing until say April 15th would solve this problem, then sure, I'm all in, but there's really absolutely no reason to think that will do anything except slow it for a bit and the moment you stop, you're right back where you started a month later.
If you are trying to prevent the most economic impact while not causing lack of life then the ideal would be to flatten the curve enough that hospitals are always operating at maximum capacity, so that you don't make the duration too long.























