markets are pricing vaccines wrong, way too low, and distribution is even more inefficient.
these 3 months are critical, they are estimating the new variant could dominate by march. but yes i agree it’s not a steady state problem in the same way.
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There's some seasonality. Also, so many people have gotten it in the US, there will be some level of protective immunity. We are in the worst 2 months of deaths right now.
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It is suboptimal, but not the worst of all possible scenarios. As vaccines and testing rollout to 10-25% of the population, that will offer a higher level of protection. This is the worst of it. It gets better from here.
End of conversation
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