We might be, but from what I've seen the scientific consensus seems higher, more like 0.5-1% IFR. The NY data from yesterday is pretty scary and more like 1% or even perhaps slightly higher if you account for the excessive mortality stats. You cannot compare the IFR of COVID to the CFR of influenza. We only have the CFR of the 1918 flu, we weren't doing antibody testing then, only looking at symptomatic infections.