This is a summary of the COVID-19 cases, this summary shows the total cases reported worldwide, the recovered cases and the due to this pandemia. Then it shows a country by country number and it can be compared how each country has managed the crisis.
- From this top country list, we can draw some initial observations, first the rate at which USA has grown in cases is overwhelming, in this list, this is the only country where the number of have surpassed the number of recovered cases.
China has already flattened the reported cases and it has increased the number of recovered cases.
Italy has a step curve, but with a lower acceleration as that of the USA.
Japan has not reported as many cases as the other countries. The Olympic games were compromised anyway, but if we compare it with any of the other countries in the list, it has the lowest number of cases and . Draw your own conclusions.
The USA case is a separate animal, President Barack Obama created the pandemic preparedness office at the National Security Council in 2016, whose goals were to detect, prepare for a pandemia and mitigate it. This council was disbanded by Trump, now we see the consequences of that decision, it's pretty much like playing a soccer match with no defense and no goalkeeper. As long as the ball keeps playing away from the goalie, we're good, when the ball enters our side we're defenseless and it's game over. Trump ignored the signs, belittled this pandemia and even called it a hoax. We see it wasn't and he reacted until the market crashed and the problem had already gone way too far of reach.
This analysis includes a study that measures the mortality rate and the recovery rate. 4.5% vs 23.1% recovery. There are extreme cases like in Italy where the mortality rate reached 10%, and other cases like in China, where the recovery rate is at 90.2% and the death rate is at 4.0%.
Trump will have to deal with the consequences of his decisions, in the meantime, we all have to keep healthy. Follow the instructions and guidelines from the health organizations, don't disseminate rumors, keep ourselves in a clean environment, be thoughtful, remember that hoarding food and toilet paper means someone who desperately needs food and paper will not receive it, and hoarding will only increase the prices of basic products and at the end we all will hurt ourselves.
The economic consequences of decisions that neglect what science says will be devastating.
I thank the TradingView team for providing the numbers and the tools to display and analyze the COVID-19 data.