@Marco
The data I'm looking at shows 162.4k deaths in the US. Yesterday there were an additional 1100 deaths.
here is my source: Domo Coronavirus tracker ↗
My concern is the latency between the number of cases and the deaths. The number of deaths is creeping up right now from a nadir in late june/early july. #of Deaths lag the # of cases curve by about a month or so.
Right now, the number of cases is starting to drop from the peak in mid-July. Even now, the number of cases is double the previous peak in early April.
Based on this, I would expect to see a surge in the number of deaths by the end of August to align with the surge in cases.
A couple of caveats: 1) In March and April, testing was much less available, so the number of cases recorded probably is a significant underrepresentation of the actual number of cases at that time. 2) Doctors have learned a lot since April and that should lead to more effective treatment that may reduce the death rate.
A reduction in the death rate sounds good. But I'm assuming that there will be more "recoveries" like the 42-year-old woman in Lawrence ↗ (a triathlete) who still has significant symptoms five months after her "recovery". Also, as, doctors extend the life of patients who eventually die, the shape of the death rate curve will change.
It is true, the infirm have a greater risk of death from this as do certain minorities and those with comorbidity. The fact is this: ANYONE, regardless of age, heritage or health can contract Covid and there is no understanding of why some people have a more serious case than others. And to be sure, we will learn a lot fast if we decide to engage in a social experiment that puts all the kids back in classrooms together in August. Just not sure what the cost of such an experiment will be.
I don't know how to put a value on 1 persons life, let alone 100k or 200k. The number of deaths today-- whether characterized as a lot or a few -- are the result of 6 months of occasionally-aggressive efforts to limit the spread. So, it's fair to say that if we stop those efforts, the infections and the deaths will increase. Will it double or triple or quadruple? I don't know. But instead of 1000 people dying a day, there will be many more.
People are being asked to do two simple things: 1) avoid crowds and practice safe distancing and 2) wear masks when they are in the presence of others (beyond their family 'bubble'). To me, that isn't too much to ask.
Sadly, there seems to be a slice of the population to which inconvenience is anathema and another slice of the population that is dismissive or in disbelief of the risks of the virus, largely because they have been blessed not to have first hand experience -- that is, they don't know someone who has become ill.
It is disturbing to me that some are so self-centered, short-sighted, and selfish.
Anyway, the economy is NOT "shut down". It is dampered.
Some people are working remotely. Those that cannot are finding ways to work safely. They just need ALL consumers to reciprocate with responsible behavior. If there were NO efforts to mitigate the virus, the economy would most certainly shut down because we would have a health catastrophe.
The effect of the current restrictions on businesses is lumpy -- some are near death, some are thriving and the majority are somewhere in between. I have a friend who owns a pizza business that says business is back to within 10% of what it was pre-pandemic. It is tenuous, and uncertain, but certainly not "shut down". That's in Santa Clara County California, where there are lots of restrictions.
TLDR:
My opinion: Controlling the spread of the virus is the fastest way to regain and sustain consumer confidence.