The odds of an influenza pandemic heading into the next flu season are approximately 50% lower than usual. The CDC still recommends people to remain vigilant for influenza viruses, so to quote an old T-shirt slogan (humiliate, savage, is there anything worse?) Influenza is more of a normal flu season and not a pandemic threat.
It seems this situation makes Donald Trump’s “we need billions more to fight this” hysteria seem rather plausible.
Rather than $500 billion to counter the next influenza pandemic, several high-profile strategists say that the $500 billion of savings we could feasibly accomplish is far better spent on infrastructure investment.Santos Advisors senior emerging markets portfolio manager Alex Suriano points out that this would make a world of difference:
However, just when all of this seems unlikely, we have H1N1. Unlike the least developed countries, which usually suffers the last wave of epidemics, the United States, the world’s richest country, has overcome the last wave of Ebola. This has proven that a quick, comparatively inexpensive, effective and resilient response to a widespread disease can not only mitigate its spread but also ultimately reduces the overall burden on society. That is why it is so important to invest now to get ahead of this latest outbreak as quickly as possible. At the very least, these actions will keep us well positioned to manage the next wave of epidemics.
The Internet Financial Corp., which has $826 billion in assets under management, believes there are already some areas where investments can save the U.S. economy billions of dollars.
“We believe that any sort of anti-pandemic investment—both measured in terms of infrastructure investment and in terms of emerging markets investment—can generate huge costs savings for both the federal government and the states,” Internet Financial director John Hu explains.