The Economy Will Reopen Sooner Than You Think

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 The Economy Will Reopen Sooner Than You Think
Soon we’ll have to face our Hobson’s choice: take what’s available or nothing at all.
by Edward Ziegler
April 25, 2020, 12:01 AM

There will likely be a reopening of our economy on the very near horizon. And this reopening will be much sooner rather than later, with full acceleration within just a few months, perhaps even weeks. Here’s why. Problematic coronavirus testing issues may fast disappear as critical preconditions to reopening the economy. Testing issues won’t go away; they are simply likely to be left largely unresolved. In addition, new reports suggest that infections may be much, much more widespread than most had thought, which, in turn, means that there is a strong likelihood that we have much, much lower death rates from the coronavirus in all age groups. While most working people (not sheltered in place) may get the virus, the death rates for the entire population may turn out to be not much higher than the seasonal flu. For younger workers under the age of 60, mortality rates, which are already very low, will drop even lower.

Here’s the analysis supporting this reopening. According to a number of recent reports, the true infection fatality rate from the coronavirus for the entire population may well be much, much lower than had been previously thought, perhaps in the range of about 0.12 percent to 0.2 percent. At the high end in that range, if there’s an eventual infection rate of, say, 50 percent for the entire U.S. population, that’s a death toll of about 330,000 people. Most of these deaths, though, will likely to be of older Americans above 60 years in age. Older folks have much higher coronavirus mortality rates, perhaps 10 to 20 times higher than younger age groups. Actually, data now show that Americans over 55 may account for well more than 90 percent of all deaths from the virus. Looking at comparative data on death rates by age, we are not actually “all in this together,” though that’s a nice sentiment. Of course, this isn’t a big secret, and awareness of this reality grows as each day passes. It’s evident every day on our streets, in our parks, and at the widespread protests across the country for reopening the economy.

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https://spectator.org/the-economy-will-reopen-sooner-than-you-think/

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It will come on steroids if we could just get a state like Texas to reopen its businesses and get people back to work.  Will mean a lot of tax receipts coming in again, strengthening state economy.

Other states will follow quickly once that happens.  Who wants to lose out while others go back to work?

And the blue states that have the large deficits due to large governmental pensions are right now in the throes of lost tax receipts.  They desperately need that tax money to be reinstated.

It is one reason why Pelosi has announced the next stimulus will be directed at states and local governments.  She wants them to remain closed so people feel pain but she wants money to pay off the governmental employees and pensioners.