People accuse me of âTrumpism.â What do politics have to do with a deadly virus that is causing such suffering?
March 26, 2020
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[Altucher Confidential]
âPeople accuse me of âTrumpism.â What do politics have to do with a deadly virus that is causing such suffering?â
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Could Pandemic Peak in 2â3 Weeks?
By James Altucher
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For the past month on my podcast and on my Instagram Lives and on Twitter, I've been begging people to be rational.
I said:
- âThis virus has a lifespan of about three months. Which would imply a peak in the U.S. of around April 15, give or take (and might be different per city).â
- âLess than a flu-like number of deaths. Most expert model number of deaths has been in the middle.âÂ
- âThe number of asymptomatic cases is probably very high, which would reduce fatality rate.â
Everyone would respond with such anger, like I was the worst moron.
When I suggested that the economy needs to go back to work, people would accuse me of "Trumpism." Oh, and also that I was a moron.
Everyone usually quotes the Imperial College report, which suggested possibly millions of deaths and 18 months of quarantine.
On my podcast, I hosted an Imperial College professor and asked questions about these numbers if the asymptomatic infection rate proves much higher.
The main author of the Imperial report (who, by the way, has COVID-19 right now) has come out and said the asymptomatic rate is much, much higher than we thought.
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He said in U.K., FEWER than 20,000 deaths. And peak and subside within "2â3 weeks."
And that's it.
Funny thing is, I posted this and everyone who was previously quoting the article now is saying, "Oh, you must be for Trump!" Blah blah blah.
What do politics have to do with a deadly virus that is causing such suffering?
If the economy remains closed, millions will die or suffer. The average restaurant has 16 days of cash. The average American has $400 in the bank.
The lockdown right now is ridiculous. [See my article from yesterday]( to determine what the policy should be.
Summary:
- Pandemic will probably peak around April 15 in the U.S.
- Damage will be minimalÂ
- Economy should reopen with social distancing, quarantining of positives, etc.Â
- Stimulus is almost more than we can handle, but will surge starting in August
- Stock market is going to surge. Dow 40,000 by mid 2021.
Sincerely,
[James Altucher]
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