Peak Prosperity, Released on 8/4/20
Back from a much-deserved vacation, Chris dives into the latest coronavirus data and several insights are becoming clear:
1) Covid-19 is so infectious (R0 of 5+) that it will pretty much make its way through a population regardless of the efforts to avoid it
2) But, it only severely affects a small percentage of those who get it
3) And, more interesting, it’s appearing that herd immunity happens quickly, at around 15%
This leads to the conclusion that lockdowns may not be worth it. While they may slow the rate of infection spread somewhat, the economic damage they do can dwarf the benefits of that delay.
Christopher Martenson is a former American biochemical scientist. Currently he is a writer and trend forecaster interested in macro trends regarding the economy, energy composition and environment. He is the founder of PeakProsperity.com. As one of the early econobloggers who forecasted the housing market collapse and stock market correction years in advance, Chris rose to prominence with the launch of his seminal video seminar which later became a book called The Crash Course. Chris’ latest book (co-authored with Adam Taggart) is called Prosper!: How to Prepare for the Future and Create a World Worth Inheriting.