We finally have some Google mobility data for the lockdown period in France, after the end of the school holidays. What does it say?

I compared the daily cumulated changes in the mobility indicators after the announcement of the 1st & 2nd lockdown. Quick thread.
1st methodological point: for Lockdown 2 I compared the values after the lockdown was announced to the values before the holidays - to avoid some obvious bias.
The lockdown didn't start immediately. Unsurprisingly we can see a rush to retail on 1st day, which is consistent with anecdotal data saying that everyone decided to have a least beer/restaurant, whatever. Then the drop is sharp, but less than in LD1 (many shops r open)
Grocery: I am very proud of my fellow citizens, this time they didn't believe there would be a shortage of toilet paper! Now the cumulative change is almost 0. This is not where a reduction in R will come from.
I mention parks, though they are not super relevant, just to say that keeping them open is a GOOD idea and I'm glad people actually use them instead of going nuts at home.
Now the two most important metrics: transit & work. Transit has the strongest correlation with changes in R.
Yes ut has gone down, but nothing like LD1 and the last point (end of the holidays) is a -30. It's significant, but R was crushed with a -70 drop last time...
Work. Uh. Seriously? Aren't you supposed to be all working from home? Hello @gouvernementFR ? Are you watching?
And finally, time spent at home (a logical consequence of the other charts); this is important because it's extremely well correlated to GDP. And again, LD1 was totally different. It stabilized quickly at +30... we're at +7.
All this ok-ish for GDP... but with schools open, I'm really wondering where will the reduction in R come from exactly? The strategy is basically that crushing retail is enough. Honestly, I hope it's correct, but I'm not 100% sure.
A last, not least!

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More from @jeuasommenulle

8 Nov
I hope 25% won’t immediately unfollow me! But, hey, physics is beautiful, and history is fun, so let's start...

...with the history of light as a physical concept, because a very large part of what physics is today comes from studying light.
The early study of light was mostly geometric & about straight lines. Thales’s theorem proven (hum!) using the shadows of the great pyramid, Eratosthenes’ measurement of the Earth’s circumference using the shadows in Alexandria & Assouan: light rays contributed to progress. Image
But one phenomenon baffled scientists and philosophers for centuries: refraction. And they were right to be baffled because understanding refraction led to the discovery of one of the most important principles of physics…But let’s not get ahead of ourselves.
Read 41 tweets
6 Nov
The Bloomberg draft transcript of yesterday's epic Monte dei Paschi call is a pure gem.

It literally starts with:

“(Starts Abruptly)”

And then it only goes downhill. A thread and travel in the absurd.
What about helping clients during Covid?

Sure Monte does great. I'd even say that:

“our support to (Technical Difficulty) rates has been continuous and effective”
But more importantly, will they be able to close the NPL sale transaction?

The answer is very clear:

“with this deal, there is profile of the bank and will strongly improved allowing [ph]Gazit to achieve.”

okaaaay
Read 21 tweets
5 Nov
An update post lockdown. Unfortunately, we don't have Google mobility data post-Oct 30th (start date of the lockdown) yet, so let's look at how hospital data changed since then. Quick thread.
From worse to better, let's start with ICU. Incidence and non-parametric fit.

I certainly can't see any change. Image
Confirmed by the statistical analysis of "R" for ICU data which is still hovering around 1.2 Image
Read 9 tweets
31 Oct
This chart is really intriguing.
It looks like:
1) Around mid-September the rising trend reversed in Spain
2) Around mid-October, Madrid diverged from the rest of the country.
Can we explain this with mobility data?
Time at work indeed suggests a different trend for Madrid and the rest of Spain since mid-august (presumably more office work in Madrid that can be done from home?)
But the change is not October
Slight difference in time spent at home, especially as of mid September ; but hard to see the explanation there
Read 6 tweets
31 Oct
I don't know if this is hilarious, scary, or just nuts.
Can you spot the exact day when president Macron announced #Lockdown2 & everyone fled Paris like a plagued city in the Middle Ages?
that's a jump from 81 to 117 in just one day, something that never happened in the data, even during #lockdown1 or when it ended. (Daily changes YTD)
And let's face it, people in Marseille are not too keen about staying there either
Read 4 tweets
30 Oct
An Italian drama could unfold in the next few weeks, with substantial consequences. And, again and again, it's about the (probably not) oldest bank in the world, Monte dei Paschi. What is it about? A quick thread
It all started to unfold when the former CEO & Chairman were convicted earlier this month for accounting fraud (related to the infamous Alexandria etc transactions, worth a thread on their own - btw check who was governor at the BoI back then).
The bank is not directly liable for the conviction of the former CEO & Chairman, but there are many litigations ongoing against Monte Paschi & some of them are related to the capital increases that happened back in the time.
Read 11 tweets

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