Moneyanatomy - personal finance blog

Tuesday, June 30, 2020

Second wave - Corona diary 6

Most states have lifted the restrictions for about one month now. 
The news are flashing with "Record numbers of new COVID-19 cases". 

But what does the data say? How bad is this second wave? 

New cases in USA (from www.worldometers.com): 
 


Yes, the cases are rising. But what about deaths? 
They are not rising. 





Why are they not rising? 
The first peak of the positive case numbers was about the April 4. In that time the deaths were about half way to the first peak which was on April 18. That seems to give a lag time of 14 days. 
Now we have more testing capacities and that contributes to the positive case numbers. I don't know how to explain the low death numbers. So far the rising case numbers are not translating into rising deaths.

I hope it is obvious to the people in power that the economy cannot be shut down again. 
Traveling is difficult. Business bankruptcies are rising. 
The meat has almost doubled in price and it feels as a serious inflation.
The economic effects of the recent shut down are not fully there yet. There are talks about the "eviction moratorium" which should extend until March 2021. Good for people who can't pay rent but what about the landlords? 
Yes, the second wave of the economic stress is coming.  
  
    




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