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States making new high, or starting 2nd waves, they are headed by democratic governors here



Below is the states headed by republican governors making new high (orange line) or forming second waves.

This is not a partisan issue. @TBPInvictus

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More states headed by republican governors

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Still more states headed by Republican Governors

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And yet more states headed by republican governors.

(4/4)

All total these two threads show ...

16 states headed by a democrat governor that are making new highs or 2nd waves.

15 republican states in the same position.

THIS IS NOT PARTISAN
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Jim Bianco
@biancoresearch
The biggest problem with the CV19 discussion is it has become a substitute for political preference. Your opinion about the virus is nothing more than screaming "I'm a D" or "I'm a R."

Assuming the worst offenders disagree, let's go through the data
@TBPInvictus

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Here are the states headed by democrats governors that have seen a new high in the 7-day average (orange line) in the last week.

(2/5)
More states making new highs with democrat governors

(3/5)
Read 5 tweets
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Jim Bianco
@biancoresearch
US infections made a new record today, topping 70,000.

(1/5)

@chrismartenson @ErikSTownsend @MishGEA @ttmygh @EpsilonTheory
This is not merely more testing (bottom panel), but also a rise in the positivity rate (top panel). Meaning, the virus is spreading, not finding more via testing.

(2/5)
This is leading to a rise in COVID-19 related hospitalization.

At the current rate the US should set a new record by next week.

(3/5)
Read 5 tweets
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Jim Bianco
@biancoresearch
The PPP program ends on July 31, two weeks from now. Congress is nowhere toward extending it.

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——-
PPP was not enough for small businesses as coronavirus crisis surges - Axios axios.com/ppp-small-busi…
A new Goldman Sachs survey, provided first to Axios, finds 84% of PPP loan recipients will exhaust their funding by the first week of August and only 16% say they're very confident they will be able to maintain payroll if no further government relief is provided.

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I have no problem not extending the PPP. It is correct to say it offers perverse incentives

But if you’re going to end it for these reasons, go all the way. End all Fed securities buying programs and QE in 2 wks too. Doesn’t the same apply?

I’m not holding my breath.

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