Right now, the focus of CrushTheStreet.com is to make sure all readers are as UPDATED as possible on the Covid-19 pandemic.
Dan here, dkanalytics.com editor.
Allow me to draw your attention to an April 3rd comment exchange between a youtube subscriber to my channel, Mike, and myself. I will add some food-for-thought links at the bottom of the page that relate to my comments. Sage subscriber Mike wrote the following in the comments section of my youtube micro channel — also “creatively” (not!) called dkanalytics. Here goes:
Thanks Dan. I did watch the Jay video and I also discussed this virus with my brother (the immunologist). He advised that the problem with this virus is the speed of transmission which is not fully understood. He mentioned that the advisors to the government are also the same people who would be caught very shorthanded with a medical system unable to cope.
The basic (and belated) idea is to slow the infection rate through social distancing so that hospitals will cope better over a more drawn out period. If not, overwhelming numbers of presenting pneumonia patients will die at a greater rate along with the very many usual IC patients.
It hasn’t been handled well from the outset and vested interests are milking this crisis for all its worth, as you say. South Korea led the way very early in this crisis and provided an excellent model for all the countries that are now suffering. But did anyone else take it seriously from the get go ?. Short answer, no. Very good content. Thanks again.
Thanks a lot, Mike. And thanks for sharing the invaluable insight gleaned from your immunologist brother. Thanks too for confirming the rapidly spreading nature of the disease. Obviously, this is very difficult to contain — and then to deal with, at the institutional/healthcare level. A German immunologist that I listened to also addressed this aspect. He made two remarks that stuck in my mind. First, people intuitively avoid social gatherings when they are sick or feel sick — especially when influenzas are paying their “seasonal visits.” Second, overwhelmed hospitals in both Italy and Spain are largely the result of creaky infrastructure, lacking equipment, poor planning, very poor hospital sanitation, and (at least in Italy) an older population that is already “compromised” and practices poor hygiene. As a result, Italian hospitals quickly became overwhelmed (happening in NYC as well, for similar reasons and given the “global city” nature of the place), sharply increasing the overall death rate from all kinds of ailments in the process. That same immunologist mentioned that German hospitals, with spare capacity (about a week ago), were taking very ill patients from Italy and Spain, and still had excess capacity. FL governor DeSantis recently issued more decrees to (relatively) modestly reduce freedom of movement, while mentioning that FL hospitals — in aggregate — were in a very good position in terms of beds and ventilators, but that Florida would only take ill Floridian cruise ship passengers while arranging for pickups (I believe with the Coast Guard) of non-resident foreign nationals by their respective country governments.
Separately, I continue to hope that politically incorrect immunologists’ assertion that increasing data about a broad spectrum of people that have been exposed to the Corona virus (a cross cut, if you will) will bear out the fact that the fatality rate of this rapidly spreading virus isn’t too different from other viruses. More data will tell. And, if this is in fact true, i.e., that a lot more people than we know have been exposed to the virus and the vast majority have been able to render it harmless (developed antibodies), then perhaps the rapid transmission rate amongst the broad population has a silver lining via providing “nature’s immunization,” which will hopefully help slow and eventually terminate the damage, from terrible deaths to system overload, that this virus iteration has “unleashed.” As you can gather, this is what I am hanging my hat on, as I lament and fear the “virus response” (the cure may be worse than the disease”).
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Lastly, perhaps if the Chinese “authorities” had been more forthcoming, instead of apparently killing doctors that were banging the pots and pans, we might have gotten a faster “heads up,” and could have shielded the most vulnerable members of our population in a “laparoscopic” fashion rather than take out a “kill the economy while socializing and nationalizing it with printed money*” bazooka. Of course, and as you state, information is one thing. How well our bureaucrats would have reacted is obviously another!
* – That printed money bazooka looks like this (please see far right “vertical trajectory”):
Governments Have Amassed ungodly Debt Piles and Have Promised Retirees Unreasonable Amounts of Entitlements, Not In Line with Income Tax Collections. The House of Cards Is Set To Be Worse than 2008! Rising Interest Rates Can Topple The Fiat Monetary Structure, Leaving Investors with Less Than Half of Their Equity Intact!