<<He pointed out the most compelling problem as of the past day or so which is that the United States is now at the top of the list for infected cases >>
FWIW, the US with a population of 350 million should be compared to the EU, not just one country in the EU. If memory serves, the population of the EU is close to ours. Also, the more open social structure of the EU is similar to ours.
I added up all the European countries on that list, excluding the UK, and it was around 271,000 cases. Compared to our 104,000 cases, we are in great shape.
What's missing, though, is how many people were tested in Europe compared to us. If they tested more, they would naturally have uncovered more cases.
For investment purposes, I'm focused on death rates and not numbers of cases. Looking at a variety of data from around the world, I'm right now expecting business to start opening up within a few weeks.
Again, FWIW, I believe the market will soon sniff out the fact that the virus is not as lethal as models have suggested, except for the at risk group, most of whom are retired and can hunker down. The worry to the market will shift to assessing the economic damage. That shift has probably already happened, imo. |
