Things are about to move into dust bowl depression with the extremely rich at the top and 90% wallowing in desperate poverty. I’m afraid the American experiment is over and it’s a sad outcome.
What data are you referencing?
I'm a little blown away by statements like this. The United States is not New York City. New York City is a single location in a massive country.
Other than New York City there really has not been a problem with coronavirus in the United States compared to other nations in the world.
It is imperative that we all act responsibly to prevent other parts of the United States from getting to a bad place but we should maintain perspective that this is not the end of the world.
https://twitter.com/NateSilver538/status/1259629409016954883...
https://twitter.com/NateSilver538/status/1259601646591582212...
New York's curve has flattened, and is trending downwards.
When you remove New York from the US numbers, the trends look much worse.
https://www.nytimes.com/interactive/2020/05/06/opinion/coron...
Nate Silver has a great post the other day where he broke down the fact that the ratio of new cases per test administered has gone down.
I'm not saying we should all just act as normal, but I am saying that the media is creating a more pessimistic picture than is warranted by talking about positive cases without the context of an increase in tests administered.
https://fivethirtyeight.com/features/coronavirus-case-counts...
Seems to confirm, 28% increase in the past month overall in tests performed per positive. But this graph doesn't give any regional focus unfortunately - all we can say is that on a national scale, the positive test rate is decreasing. It is entirely possible that there is an increase being hidden by a larger decrease in the hot spots, but the next month should give us the answer.
People keep saying this, but at least for Illinois the numbers don't fit. The growth rate has been almost completely steady since the results of the shelter-in-place were seen.
> Nate Silver has a great post the other day where he broke down the fact that the ratio of new cases per test administered has gone down.
I think this is what's happening instead of finding new cases. We're just identifying more uninfected people.
The stock market doing well would be a rare glimmer of hope in a sea of trouble, wouldn't it be?
The Dow dropped into the 7,000s in the 2009 recession. I don't see any reason to believe the current recession will be milder.
See eg Black Monday in 1987 https://en.wikipedia.org/wiki/Black_Monday_(1987)
The stock market tanked 22.6% in one day. Of course, some traders and speculators got themselves into trouble, but the economy was fine and happily continued its expansion.