US Economy Is Collapsing In June, It’s The Virus, Mo Ron

Those rates have been rising since the beginning of June in Arizona, and in the last week in Florida and Texas. But we are a long, long way from herd immunity. Without widespread suppressive measures like mandatory mask wearing, social distancing, and enforcement restrictions on the size of gatherings it would take a couple years before herd immunity was reached.

So we’re basically left to pray that effective vaccines will be available soon. Some reports have said that that can happen in 6 months. Good luck with that.

Doctors are learning and doing better at keeping more people alive, and hopefully the case death rate will fall. But there will be more deaths as cases trend upward with no meaningful effort to suppress the spread. That will go on for at least 6 months in the best case scenario for a vaccine.

Rather than locking down and stopping the virus, economic activity will simply dry up, and businesses will now simply die by attrition instead of government decree. The actual effect of people getting sick, and the buildup of fear that goes with that and the lack of protective measures will be quite effective at crushing business.

The virus will be like a metastasizing cancer on the body of the US economy. The short sightedness of governors who oppose sensible protections like mandatory mask wearing, social distancing, and crowd size limits, will impose a massive cost on the US economy, not to mention the physical, mental, and economic well being of their constituents.

This report is an excerpt from These Real Time Charts Show US Economy Contracting Again in June. 

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