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> it isn't the civilization ending pandemic we initially thought it was If you look at the USA age distribution of 65+, the death rate of those above 65+, and
by ckdarby 6y ago
> it isn't the civilization ending pandemic we initially thought it was
If you look at the USA age distribution of 65+, the death rate of those above 65+, and assume 50% only get it because herd immunity we're talking about ~4M deaths.
Yes, not civilization ending but Losing >1% of your population isn't something to just brush off either.
Of course if there's a vaccine then it'll be much better but this is just the USA and now think on a global scale.
Not all countries will be able to afford the vaccine, not all countries will be able to get access to it in time, not all countries will be able to produce it by themselves at scale, etc.
Let it sink in what a 1% population loss looks like on a global scale, 78M deaths.
I think this is why the markets have been so bullish. How much financially better do developed countries with retirement plans look if they didn't have to pay out ~7% less of all retirement payments.