Roll On!
The stimulus is going to be great. But the stimulus only works if the economy is OPEN. Else, you are giving electric shock to a patient who’s already dead. It’s useless. The economy needs to come to life.
Capital Thinking • Issue #561 • View online
What are the boundaries to this virus?
Population, demographics, immune populations, the amount of exposure different groups have to the virus, possible mutations, possible weather effects, we don’t really know.
WHEN WILL THIS END?
There’s been data flying back and forth.
Every university has a “model.” Every health official. Everybody on Twitter who in their spare time became a pandemic expert.
Let’s look at some of the models out there.
The below model was considered by many to be the standard. Six days ago it projected that in New York there would be 50,000 hospitalizations by April 1 (see below graphic).
Instead, there are 12,000. It was off by a factor of four in only six days. I can understand a bunch of PhDs being off by 10–20% in six days but there are 1/4 the number of hospitalizations they projected.
What went wrong?
I hope “What went wrong?” is a question a lot of people ask when this is over.
What went wrong with not only U.S. preparation but the entire Western world?
What went wrong with the CDC, which was aware in 2005 that chloroquine could be a possible remedy for SARS and other coronaviruses?
But most of all, what went wrong with almost EVERY single model that predicted exponential growth and millions and millions of deaths by now? Imperial College, Harvard, University of Washington, The New York Times, on and on and on.
The answer is straightforward.
They all assumed exponential growth. They used sixth grade math to make predictions rather than take into account that this virus, like every virus in world history, does not have exponential growth.
Something only has exponential growth when there are no boundaries. Eventually, if there are boundaries, then the growth stops being exponential, starts to flatten, and then starts to go down.
What are the boundaries to this virus?
Population, demographics, immune populations, the amount of exposure different groups have to the virus, possible mutations, possible weather effects, we don’t really know.
There’s one paper I found that takes all of this into account.
It looks at each country, and even each state, where the virus hit. It looks at how many times the virus doubled (i.e., how long was it still exponential?)
… and then how long it took for the “second derivative” to go negative (i.e., how long it took before the acceleration of the virus’s growth started to go down, even though new cases/deaths were still rising)
… and then how long it took for the virus to get under control (i.e., the number of cases/deaths started going down to the point where they quickly became negligible.)
The paper is by Gerard Tellis of USC, and is titled: “How Long Will Social Distancing Last?”
He looks at the ONLY important math: How many doubles does the virus make? And when does the growth rate (the second derivative of the growth in cases/deaths) start to go negative?
