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Barry Ritholtz Profile picture
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7 Dec, 6 tweets, 2 min read
Sweden’s laissez-faire pandemic strategy has failed to deliver the economic benefits its proponents had predicted. The nation has ended its experiment in failure, with far worse rates of infections +death than neighboring Denmark + Norway.

wsj.com/articles/long-…
As per below, here are the Nordic countries that have such similar climate, geography, and even genetics; the key difference are the policy responses to covid
Sweden (55.1), Norway (7.9), Denmark (3.7):

Daily new confirmed COVID-19 deaths per million people Image
Sweden (2.5%), Norway (0.9%), Denmark (1.0%):

Daily new confirmed COVID-19 fatality rate percentage Image
Sweden (5119), , Denmark (1608), Norway (356):

Daily new confirmed COVID-19 cases per million people Image
Sweden (5119), Denmark (1608), Norway (356):

Daily new confirmed COVID-19 cases per million people Image

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More from @ritholtz

Barry Ritholtz Profile picture
8 Dec
The White House turned down an opportunity to purchase Pfizer's promising vaccine in July, so $PFE had to scramble to sell it elsewhere.

To repeat: THE TRUMP WHITE HOUSE PASSED ON THE OPPORTUNITY TO BUY PFIZER'S VACCINE.

The incompetency is staggering

wsj.com/articles/u-k-b…
"In extra doses late summer or early fall, Pfizer officials repeatedly warned the Trump administration demand could vastly outstrip supply + urged it to pre-order more doses, but were turned down."

nytimes.com/2020/12/07/us/…
"Unlike other vaccine makers, Pfizer spurned federal subsidies for developing and manufacturing, shouldering the financial risk of the vaccine project itself."

Contrary to WH claims, the Pfizer vaccine was made without the Warp Speed funding
Read 5 tweets
Barry Ritholtz Profile picture
6 Dec
This was one of the most devastating weeks in USA since pandemic began 9 months ago.

-Infections set single-day record >226,000 new cases
-Hospitalizations doubled since November >100,000
-Single day record deaths >3,100
-7-day avg for new deaths >2,000

nytimes.com/interactive/20…
Imagine a September 11 every single day - that is what we might have for the rest of 2020.

We spent >$10 trillion after that event; Yet we cannot get Congress to do their jobs NOW and allocate emergency funds despite a body count that is 100X .

Its unconscionable...
There are hopes for a modest rescue package, but its way too little and very very late

marketwatch.com/story/dow-futu…
Read 10 tweets
Barry Ritholtz Profile picture
24 Nov
Excess Deaths Associated with COVID-19 through November 7th (Yellow line). Red circles are mortality for 2017-18 flu and 2020 Covid.

Infection spikes lead mortality by 2-3 weeks. This is going to get very ugly for the next months...

cdc.gov/nchs/nvss/vsrr…
Note first wave locales like New York (April/May) and Florida (August/September) had their big spikes earlier this year (through November 7th)
The current spike in the Midwest has yet to show the bigger up on these charts but local reporting suggests they are very large.

Iowa and Minnesota are bad, Wisconsin even worse
(through November 7th)
Read 6 tweets
Barry Ritholtz Profile picture
19 Nov
If you live in New York, this app from NYS Dept of Health of a Covid infected person spends 10 mins or more within 6 feet of you

apps.apple.com/us/app/covid-a…
New Jersey has Covid Alert app

covid19.nj.gov/pages/app
In Connecticut its called The COVID Alert CT App

portal.ct.gov/coronavirus/co…
Read 6 tweets
Barry Ritholtz Profile picture
18 Nov
Thanks in part to Bill Gates, vaccines are ALREADY being produced at scale, as they await approval. Even the most rabid Windows-hating Mac lifer must admit that @BillGates is a hero in this fight.

Good on him.

via @davepell

wired.com/story/larry-br…
Thats the good news. The bad news? Hospitals are being overrun

22% of American hospitals don’t have enough workers right now.

theatlantic.com/science/archiv…
The current administration placed all their chips on "Vaccine - and while we are making great progress there, the Covid spread has run amuck

texasmonthly.com/being-texan/co…
Read 7 tweets
Barry Ritholtz Profile picture
20 Sep
"Survivorship bias tends to distort data in only one direction, by making the results seem better than they actually are. This is because fund closures are often a result of underperformance."

vanguard.co.uk/documents/adv/… Image
Even better chart

institutional.vanguard.co.uk/documents/mutu… Image
And another interesting analysis from ICMA-RC
icmarc.org/prebuilt/apps/… Image
Read 14 tweets

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