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They find it “plausible but likely” from available figures that the more useful statistic – the infection rate – is “orders of magnitude larger” than thought,

They need evidence. At this point it's pure speculation and looks to me like wishful thinking.

Peak Prosperity said in a video I posted a few minutes ago, that if 85% of cases were undocumented as a Chinese study suggested, that would still mean that the US has to get to 35 million documented cases before we reach herd immunity and the spread starts declining.

And if 15% of documented cases require hospitalization, that us still 5.2 million hospitalizations

I've read people on Free Republic today saying they got it in October. And that all the flu cases in December and January were actually CV. Defies common sense.

Where are all the ARDS cases if this was spreading in America since October?

“...I’ve read people on Free Republic today saying they got it in October. And that all the flu cases in December and January were actually CV. Defies common sense....”
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That’s simply Free Republic hypochondria which has run rampant on these boards.

if 85% of cases were undocumented as a Chinese study suggested,

And that study suggested that 85% was only while the Chinese were pretending there was no human-human transmission and were trying to wish it away. The same study concluded that within 2 weeks that was down to 35%.

In short, unknown to known went from 7:1 to 1:2 in two weeks.

But yes, doing the math backwards makes these arguments, of the “huge unknown” causing the actual fatality rate to fall below that of the flu, plainly ridiculous.

If South Korea, for example, had missed all those cases, the outbreak would still be growing unimpeded.