On the other hand, US was growing a steady 2% and had record low unemployment before this. If US can flatten the curve, with only ~3000 cases thus far, US will recover quickly and come out way ahead. And the sideline cash will rush into US
Also 3000 confirmed cases does not mean 3000 actual infections. Depending on the model, the expected number is orders of magnitude higher.
I live in Shanghai. It normally takes about two weeks for things to go back to normal after Lunar New Year ends, which was two months ago. Things are not yet back to normal. Maybe 30% of office workers are back at work, 50% maximum. Gyms, bars, restaurants are almost all still closed. The dental hospital is still closed. You can basically write off February and at least half of March for economic production.
How is that any different than saying 2 months out of a decade is 1.7%??
That's exactly what it means. 3000 cases of positively identified infections in individuals, if you want to get more wordy. Some of those have recovered, some have died. Still the number is over that today.
No, it's a correction.
>> > Also 3000 confirmed cases does not mean 3000 actual infections.
This statement is factually incorrect.
> The relevant measure is number of people infected no the number we happen to know for sure because we finally got around to testing
That is irrelevant to the response I gave. It seems to be a popular interest today, in trying to clarify a concept, which is unrelated. I am done engaging with this derail.
Here in California as of today -- if you have a cough, and a fever, you will not be tested unless you have had international travel or known contact with a victim. This I know because I've spoken to two doctors and a nurse through Aetna.
FYI the governor of Ohio estimates 100,000 people in Ohio are infected. So there is that.
Yes, if practiced as intended, which there is no guarantee.
Did Italy do that?
Perhaps not as quickly as they should have. The rest of the world is learning from Italy's experience (they should have been paying closer attention to China, but that's another story)
Another thing to realize is that these numbers you are seeing are WITH CONTROLS. Sure, "only" 3,000 Chinese have died. Maybe it's more than that, it's hard to trust Chinese numbers. But even at 2x or 3x, that's far cry from the millions it could have been, had China not both imposed extreme controls to limit the spread of the disease AND allocated emergency resources to healthcare.
Some models show realistic scenarios where 5 million Americans die within a year, if the virus is allowed to spread at its maximum rate.
That would implies 100% infection, at a base reproduction rate 15 (close to measles), and a mortality of 30% (close to Ebola).
If left unchecked covid-19 would infect 100-250 millions Americans. The R0 is 2.5-3. The average mortality rate is said to probably be closer to 1% rather the 3.4% previously advanced, so 1-2.5 millions deaths, which we will hopefully never reach if people follow the current social distancing and self-quarantine guidance.
That would imply 100% infection, at a base reproduction rate of 15 (close to measles), and a mortality rate of 30% (close to Ebola).
If left unchecked covid-19 would infect 100-250 millions Americans. The R0 is 2.5-3. The average mortality rate is said to probably be closer to 1% rather the 3.4% previously advanced, so 1-2.5 millions deaths, which we will hopefully never reach if people follow the current social distancing and self-quarantine guidance.
Italy should not be looked to as a model of how to handle this.