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Pastimes : Triffin's Market Diary

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To: Triffin who wrote (584)4/11/2020 11:10:59 PM
From: Triffin  Read Replies (1) of 868
 
BC: TIME TO GET OUT OF THE FOXHOLE
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We encountered deadlier viruses like SARS, MERS, and Ebola over the last 20 years,
but they fizzled out. So, I especially tried to figure how COVID-19 managed to elude our
virus fighters. The answer was asymptomatic transmission.

This meant the only way to stop this virus at our borders was to test everybody.
Unfortunately, tests aren’t 100% accurate (some tests fail 20-30% of the time to detect
someone who is actually infected), so we also have to quarantine them for a period of up to
2 weeks and retest them. That’s what China is doing today to international travelers.

Obviously we weren’t doing any of this and we didn’t close our borders to all inbound traffic,
so this meant only one thing: the new coronavirus was freely spreading.

The first parameter I estimated was the life cycle of this virus. I estimated that it took an average
of 5-6 days from infection to the onset of symptoms, another 5-6 days from the onset of symptoms
to hospitalization, and an average of 14 days from hospitalization to death.
The second parameter I estimated was the new coronavirus’ infection fatality rate.
Initially I used a 0.5% estimate, but later on I switched to 1%.

The third parameter I estimated was the new coronavirus’ doubling rate. Data from other
countries indicated that the new virus doubles every 3 days when it is freely spreading.
Obviously, once we start implementing social distancing, lockdowns, and other policies,
this parameter would change.

Then, I proceeded to setup a very simple model. When someone dies from COVID-19 in a
given country, it means this person was infected approximately 24 days. However, since only
1 out of 100 people who were infected 24 days ago dies, we can estimate that there were 99
other infected people 24 days ago as well.

It takes one infected person about 18 days to spread the virus to 100 people. This implies that
when a country reports its first COVID-19 death, the virus has been spreading within that country
freely for about 6 weeks.

If a country had 100 infected people 24 days ago, this number would double to 200 on day -21,
400 on day -18, 800 on day -15, 1600 on day -12, 3200 on day -9, 6400 on day -6, 12800 on
day -3, and 25600 on day 0. Basically, when a country reports its first COVID-19 death, we know
that there must be around 25,000 other infected people within the country spreading this virus freely.

This is only if we successfully identified the first COVID-19 death. If there were other unnoticed
COVID-19 deaths earlier, the number of infected people would have been even higher.

On March 10th the COVID-19 death toll in the United States stood at 28. Most people weren’t
alarmed by this figure. I was terrified. It meant there are potentially 700,000 people already infected
with the virus and spreading it."

On March 20th I published an article with the title “ Hell Is Coming: Here is the Mathematical Proof”.
The U.S. death toll stood at 205 on the morning of March 20th, so the article made the following prediction:

“Except a few educated people, no one has any idea that there are already around 2 million infected
people in America today and the American death toll will exceed 15,000 in just 24 days. If we don’t
take strict measures, we will be reporting 1000 deaths per day in just 3 weeks. The attacks on 9/11
killed around 3000 people. We will be reporting a 9/11 every three days. That’s why we say
“hell is coming”. This is a mathematical certainty. It is inevitable.”


It was indeed inevitable. Luckily, one governor after another took action and imposed “shelter in place”
orders. The first state was California (March 19), followed by New Jersey (March 21) and New York
(March 22). On March 23rd there were 9 states with statewide “shelter in place” orders. This
number jumped to 21 states on March 26th and 30 states on March 30th. Finally, Florida joined all
other most populous states and ordered its residents to stay at home effective April 3rd."

Social distancing and lockdowns work.

Let’s say you live in New York City and got infected right at the moment before the state went
into lockdown. On average it will take you around 5-6 days to develop symptoms. If you check out
the actual distribution curve, you will see that it may take as long as 2 weeks. The probability
density function in the above image also tells us that it may take you up to an additional 15 days
from the onset of symptoms to get hospitalized. During this 25 day period you may potentially be
infectious and can spread the virus to other people (this is the extreme case; most patients aren’t
infectious after 10 days or so).

This also tells us that almost all of the people who were infected at the beginning of a statewide
lockdown won’t be infectious by day 25. Though it is still possible that these people infected one
of their family members around day 5 to day 10, and their family members will pose a threat to the
public for the next 25 days. It is also possible that some of the infected people were among the
“essential workers” and continued to spread the virus.

However, most people are extremely cautious right now. There are definitely a small number of infected
left by day 25 of a statewide lockdown, but these people won’t be able to spread this virus as
easily because there aren’t a lot of opportunities. There will still be a few hundreds of new infections
in a state with 20 million residents though. That’s why we need to continue the current lockdowns
or another few weeks to make sure that the new infections fizzle out.

Today is day 21 of the lockdown in New York State, the epicenter of the U.S. pandemic.
I estimate that there are only a few hundreds of new infections. I am not talking about the
numbers announced by governor Cuomo. The new cases announced by Cuomo are the
infections that they were able to identify and that actually initiated 1-3 weeks ago. I am talking
about the new infections that happened today. We have very few of them.

That’s why I am not afraid anymore. The probability of catching COVID-19 in New York City today
is probably 100 times smaller than the probability of catching it a month ago. Yet, most people are
100 times more concerned about getting infected now than they were a month ago.

That’s because yesterday more than 2000 Americans lost their lives to COVID-19. The good news
is that our death toll isn’t doubling every three days anymore. The death toll on April 10th was only
45% higher than the death toll on April 7th. One day ago that figure was 52%. This means we are
only 3-5 days away from a peak in daily death toll.
If we get there sooner, the eventual death toll would be around 50,000. Remember, it takes an average
of 24 days to die from a coronavirus infection. That roughly means that half of the deaths will take
fewer than 24 days and the other half will take longer than 24 days (I know the distribution isn’t
symmetric and some states will peak later than others).

Overall, though, once the daily number of deaths peak and the daily death toll starts to go down,
we can estimate the total number of COVID-19 deaths at the end of May by doubling the total death
count on the day of the peak. For example, if we peak on April 13th and the death count is 25,000,
then we can roughly estimate that the death toll would be 50,000 by the end of May.
If we peak on April 15th at a death toll of 30,000, this will indicate that the death toll would be 60,000
by the end of May. This is what Dr. Fauci was talking about a few days ago.
Obviously all of these estimates assume that we don’t end the current “shelter in place” orders
too early, but even if we do, the new wave of deaths will show up in statistics in June and July.

The bottomline is this. We are 100 times safer now than we were a month ago We won the first battle.
I feel sorry for the English, Dutch, and Swedish people though. it is now a mathematical certainty
that a larger percentage of their population will die from COVID-19 by the time things settle in a couple
of months.

Now we have a different battle to fight. We can’t lower our guard.

The total number of confirmed cases around the world is approaching 2 million.
There are millions more that we weren’t able to identify. Anywhere from 20% to 50% of these
unidentified COVID-19 infections are asymptomatic or mildly symptomatic. We shouldn’t let
anyone into our country (including U.S. citizens) without a 14-day quarantine and a negative
test result at the end of the quarantine period.

This restriction should also apply to the residents of the states that didn’t have “shelter in place”
orders. People who show any symptoms should be promptly tested, isolated, and all of their
contacts should also go through the same process.

Since asymptomatic patients spread this virus very effectively, everyone in public places should
be required to wear masks.

There are more than 100 different companies working on a COVID-19 vaccine right now. It is very
likely that at least one of those companies will succeed within a year.

These are probably the darkest days of this pandemic and I am certain you will be able to see
what I am seeing right now in a couple of weeks.

This is the most resilient virus we’ve come across over the last 100 years, but the American
people proved to be more resilient than the coronavirus.
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