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From The Market Ticker  


Listen up folks:
In a scathing analysis published March 29 on Medium, “A Call to Honesty in Pandemic Modeling,” Pegden and Chikina assert that many of the popular models being cited by national media and President Trump are misleading. Pegden is an associate professor of mathematics at Carnegie Mellon University and Chikina is an assistant professor of molecular biology at the University of Pittsburgh; they are a married couple.
“The idea that normal life can resume in two to three months without having a huge wave in infections — there is just no science behind that,” Pegden said in a Tribune-Review interview.
What have I said since this started, repeatedly?
There is no way to avoid the spike that comes as soon as you release the lockdowns and other mitigation measures.
It will not happen because (1) it would take a year or more to reach herd immunity levels with those measures in place and (2) even if you left the measures in place for that long as soon as you released them the spike would happen anyway.
There is no science that documents otherwise ever, with any virus that can be transmitted before you show symptoms.
We couldn't do it with polio.
We couldn't do it with smallpox.
And on and on and on.
Yes, a vaccine will stop it eventually, if there ever is one.
But on even the most optimistic time line that's 18 months away.  The economy will be a smoking hole by then, the stock market will be shut down as it's an effective zero and government at all levels will collapse due to lack of funding.  Further, there is zero history of successful coronavirus vaccines conferring permanent immunity.
ZERO!
THERE IS NO ALTERNATIVE to reopening the economy right now and telling those who are at high risk to self-isolate or accept that very bad things may personally happen, perhaps with letting them attempt prophylaxis with HCQ -- which may or may not work.
We have taken an intentional deep recession that will guarantee a Depression within just a couple more weeks along with long-term changes in consumer behavior that may last decades on the basis of intentionally fraudulent models, knowingly false promises and lies by our elected officials, civil "authorities" and so-called "experts" including Fauci, Birx, Pence and Donald J. Trump.
Let me outline their clear statement of mathematical fact, as I have pointed out since this pandemic began:
The duration of containment efforts does not matter, if transmission rates return to normal when they end, and mortality rates have not improved,” they write. “This is simply because as long as a large majority of the population remains uninfected, lifting containment measures will lead to an epidemic almost as large as would happen without having mitigations in place at all.”
WE MUST REOPEN THE ECONOMY NOW.
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