I never stated that lockdown is good or covid is bad.
I leave judgement to others.
Lockdowns are
good for countries
not prepare (e.g. lacks PPE, no organized effort to design a vaccine, refusal to wear face mask / social distance / wash hands) and has a healthcare system not able to manage over capacity hospitalization.
Lockdowns are
bad for countries that are prepare and have the majority of the population doing what it takes to protect its citizens especially those with underlying medical conditions and the elderly. Also, they have a healthcare system able to manage over capacity hospitalization.
Yet,
no lockdowns are bad if the goal is to achieve
herd immunity. The latter requires several years at the minimum plus a vaccine
or large number of deaths per capital. Usually governments will look at the prediction models to determine the number of deaths with a no lockdown policy. They then discuss it with their health officials to determine if the number of deaths are tolerable and come up with a plan to minimize the number of deaths.
Unfortunately, some countries will exceed those number of deaths and then begin targeted restrictions to minimize the damage. As the number of target restrictions begin the increase...populations begin to wonder if the initial large number of deaths was worth it considering they're now being restricted.
Other countries with a better healthcare system and that did not lockdown will look pretty while the rest of the world goes to shit.
No matter what we say at a trader discussion forum...governments know their people better than most do here at Elitetrader.com
Thus, governments will do what's best for their citizens. The governments that are
not able to manage a Pandemic...the government will be short lived and a new government will be elected as shown in the history of Pandemics.
wrbtrader
