Quoted from swampfire:
During the Great Recession in ‘09, an economist wrote said we had to choose between “the car crash” and “cancer” (metaphors for a quick death and a slow death). He later made the point that we chose the cancer, and I believed him. I stayed out of the market for years. 10 years later it’s clear to me that we somehow survived that cancer.
We’re facing a similar moment now, but a pandemic won’t quietly go away like all that bad debt did. We have to choose between two car crashes: an economic depression, or millions of deaths. There’s no “cancer” option this time. We can only choose our catastrophe, and both are unfathomably bad.
Welp, I just really depressed myself.
The debate between Millions of Deaths or Economy is now center stage.
I did this battle with my brother. He wants to have seen just let the virus take its course,
instead of the economic loss.... "Should have done it from the start"
When we get to numbers, and he quotes Bloomberg, WSJ, etc...The Mortality rates all assume one thing,
EVERYONE getting treatment.
In letting it run the course, we are clueless to the death rate with no treatment of all ages.
We dont know, if that could help mutation.
We dont know if that makes the estimate go from 1-2 Million people, to 20-30 Million people.....
We do have to ask the question very soon, which is that we didnt follow Asian models of War on this,
and we may have to concede Pandemic, and let the shit fly.
I am not sure how the country will respond to piles of Bodies, people dying alone and bleeding out,
and the horrors, we have yet to know.
Equally, we dont know if we will have a vaccine soon.
How Much Money lost, is a Life worth?
How Many deaths are an "Acceptable" sacrifice for anyone to decide?
Will we be Ok with these images?
NY will give us these answers in the next 3 weeks.