It's not 10x as lethal unless every single person who has caught it has been identified. But nobody, not even the most hysterical doomsayers, are saying that has happened. So obviously a lot more people have caught it than have been tested positive for it. In reality, doctors and the government are telling people with coronavirus-like symptoms to stay home and not infect other people and not go to the hospital unless they really need it. So all of those people might have the virus or might not, but they're definitely not dying from it.
Stop being hysterical.
You also need to remember that there are probably a lot of deaths that are not currently attributed to coronavirus. It will take months for that data to be sorted out. Also, the CFR projections already take the "not every single person who has caught it has been identified" into account. The 1% estimate is on the lower end of the spectrum as it is.
Furthermore, the same argument applies to flu - there is no reason to believe that the COVID-19 CFR projections suffer more from this bias vs other diseases. That is, the flu may be even milder than people think - so, to say that COVID-19 is 10x more lethal than the flu even if the CFR were under 1% might still be accurate.
Thirdly, investors with a 'gambling mindset' latch onto figures like 0.66 or 0.5, etc., whatever sounds most hopeful. But the majority of scientists think it is above 1%, depending on the demographic sample, and availability of health facilities. In some countries it might be over 5%.
Fourthly, one way to gauge the true CFR is to
count how many more deaths there are above the typical background count. Cuomo says NYC is now seeing more than twice as many COVID-19 deaths as all other deaths, combined. It shouldn't be difficult to turn that into percents.
(Chair of NYC Council Health Committee)
It’s not just deaths in hospitals which are up. On an average day before this crisis there were 20-25 deaths at home in NYC. Now in the midst of this pandemic the number is 200-215. *Every day*. 5/
Early on in this crisis we were able to swab people who died at home, and thus got a coronavirus reading. But those days are long gone. We simply don't have the testing capacity for the large numbers dying at home. 6/
Now only those few who had a test confirmation *before* dying are marked as victims of coronavirus on their death certificate. This almost certainly means we are undercounting the total number of victims of this pandemic. 7/
And still the number of bodies continues to increase. The freezers at OCME facilities in Manhattan and Brooklyn will soon be full. And then what? 8/
Soon we'll start “temporary interment”. This likely will be done by using a NYC park for burials (yes you read that right). Trenches will be dug for 10 caskets in a line.
It will be done in a dignified, orderly--and temporary--manner. But it will be tough for NYers to take. 9/
The goal is to avoid scenes like those in Italy, where the military was forced to collect bodies from churches and even off the streets.
OCME is going to need much more staff to achieve that goal. 10/
Thankfully the Dept. of Defense and the NY National Guard have already sent teams, and volunteer medical examiners have come from around the country. But we are going to need much more help if we're going to avoid disaster. 11/
As New York City continues to appeal to the nation for help, we need to ask not just for doctors and nurses and respiratory therapists. We also need mortuary affairs staff. This is tough to talk about and maybe tough to ask for. But we have no choice. The stakes are too high. 12/
To recap: Nothing matters more in this crisis than saving the living. But we need to face the gruesome reality that we need more resources to manage our dead as well. Or the pain of this crisis will be compounded almost beyond comprehension. 13/13
So, the undercount is
massive in NYC, and the situation is more dire than has been reported in the media.
In fact, the daily official death toll in NYC for COVID-19 is under about 200 cases; so, this means that you have to
double the official figures to get the true death toll! Also, things are not slowing down, but are getting worse. It won't slow down for a few more days -- maybe by Wednesday or Thursday things will start to look up for NYC.