Depression Assured? Maybe (Swine Flu)http://market-ticker.denninger.net/archives/1349-Depression-Assured-Maybe-Swine-Flu.htmlKD is banging the doomer drum hard ! Of course, he qualifies that the source is not substantiated but it should make his blog hits skyrocket. However, doomer porn gets no better than this and makes for an interesting read/debate. 
$this->bbcode_second_pass_quote('', 'T')his article has been making the rounds over on the forum, and I thought I'd comment on it.
The Centers for Disease Control has predicted a 2.1 percent to 3.3 percent death rate among those who come down with swine flu this fall, which translates into an additional 52,000 to 86,000 deaths in the city over a three-month period, Kasdan said.
Has the CDC actually predicted a 2.1-3.3% death rate for those who come down with the swine flu?
(This is known as the "CFR", or "clinical fatality rate", among those in the field.)
I have been trying to source this statement - so far without success. But if it is accurate then there are two things you need to take away from this right here and now:
First, we will have an economic depression. If the CAR, or "attack rate" (the percentage of people in the population) who get the flu is in the typical range of 40-60% of the population, then a CFR of 2-3% means one million or more dead Americans this fall and winter, or more succinctly, somewhere around one in a hundred. If your kid goes to school with 1,000 other people, 10 of them will die (on average.)
This sort of disruption in the economy, given where it is now, guarantees a contraction of GDP of 10% or more from the top, which is the definition of economic depression. We can argue about "how bad of a depression" later.
Second, if these numbers are anywhere close to reality the entire US medical care system will effectively collapse. We do not have 10% of the medical infrastructure necessary to treat 1 million Americans presenting to hospitals over a 2-3 month time frame with critical (and ultimately terminal!) symptoms, nor can we possibly treat the ten times greater count of people who will present to a hospital with what look to be critical symptoms but ultimately survive.