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#ThursdayThoughts : Today marks 4 months since **MAX Global #Lockdown** (Thread). It was achieved on April 6 when 76% of global cities had #traffic congestion down 40% y/y or more. Now, only 12% of cities have congestion down 40%. #COVID__19 #pandemiclife #OOTT
*Side-by-Side Comparison*: Top 30 Global Cities w/ Most Depressed #Traffic Congestion. April 6 (Max lockdown) & today’s release. Apr 6th (left) Smoothed data showed #Philippines & #Malaysia cities top 2. US - 7 cities. #India - 4. #Wuhan #Paris #Istanbul #Moscow included. #OOTT
Now, (chart on right): #SaudiArabia is in focus w/ 2 cities in top 3: #Riyadh & #Jeddah . #Cairo is top in smoothed data. #Honolulu (US) is still in the top. US has 15 cities included now. #Manila & #kualalumpur still included. #COVID__19 #SocialDistancing #OOTT #Transportation
Do you live in any of the Top 30 Global Cities w/ Most Depressed #Traffic Congestion? We want to hear what traffic/#commuting /getting around is like & how it changed. Pls. Comment. #OOTT #pandemiclife #COVID__19 #Transportation #travel
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#ThursdayThoughts #Lockdown #Traffic #COVID__19 #pandemiclife #OOTT #Philippines #Malaysia #India #Wuhan #Paris #Istanbul #Moscow #SaudiArabia #Riyadh #Jeddah #Cairo #Honolulu #Manila #kualalumpur #SocialDistancing #Transportation #commuting #travel

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Exante Data
@ExanteData
*Peak hoarding* Thread - analysis by Sr. Advisor @Brad_Setser. Mar: financial stress re: #COVID19 shock generated unprecedented foreign outflows from Treasury market & unprecedented inflows into US banks. Interbank claims on US banks & non-bank deposits at US banks rose.
Official investors were on net pulling funds out of Treasury market & increasing deposits in US banks (including at Fed). Apr - little chg. *May TIC data*: firm evidence of normalization. Interbank flows into US reversed, generating modest outflows in short-term banking data.
X-border bank claims on US banks are about $200 billion below their peaks in latest data. A portion of Mar inflow in US banks reversed – but even so, foreign deposits & broader claims on US banks remain historically elevated. Image
Read 8 tweets
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Exante Data
@ExanteData
Backgrounder on #COVID19 Hospitalization Data (thread)
Exante started to track #hospitalization data around the time of the #COVID19 outbreak in #Italy. Hospitalization data are not as skewed by fluctuations in amount of testing done. The challenge w/ hospitalization data is that countries & various US states report it differently.
Types of #hospitalization data: 1). *Cumulative hospitalizations*: All people who have ever been in hospital for #COVID19, including: those currently in hospital, those discharged, and those that died. From cumulative hospitalizations, one can calculate new hospitalizations.
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Exante Data
@ExanteData
One big puzzle currently in COVID projections is why some states have much higher 'hospitalization rates' than others.

Brief THREAD on Texas, versus the rest...
It is no surprise that hospitalization rates (those in hospital relative to active recorded cases) are coming down fast in states with aggressive testing and a moderating outbreak, such as NY:
But the hospitalization rate is also coming down in states like Florida, which has seen positivity ratios go up (higher hit ratios when testing, signalling an unrecorded outbreak)
Read 4 tweets

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