Friday, April 17, 2020

WUHAN DEATH TOLL REVISED BY 50% INCREASE

   Shortly after 11pmET Thursday night, a headline came trundling across the wire that caught our eye: Health authorities in Wuhan raised the official death toll from the city's coronavirus outbreak by 50%, equivalent to 1,290 patients, to a still-too-low-to-be-believed 3,869.
   Why would China even bother with this latest 'revision' - it's at least the 4th time they've tweaked the numbers, and the first time in roughly 2 months - of the Wuhan numbers? Well, it just so happens that the official statistics agency also published the first reading of China's Q1 GDP, which confirmed a massive contraction, as was expected.
  But Wuhan is slightly larger than NYC population-wise, and the outbreak in Wuhan was even more vicious than the outbreak in NYC, which has reported more than 10k deaths. So imagine what that must mean for Wuhan, where the hospital system was completely overwhelmed during the early weeks of the outbreak, leaving some elderly patients to drop dead on the street (something that, as far as we know, hasn't happened in the US).

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