Ed Conway Profile picture
Apr 13, 2021 13 tweets 8 min read Read on X
One thing we’ve learnt about #COVID stories:
Often something that looks too scary to be true isn’t quite true when you look at the small print.
Often something that looks too good to be true isn’t quite true when you look at the small print.
There have been a few scary stories in recent weeks about “hotspots” of #COVID19 around the UK.
Partly inspired by maps like this (this one from @PHE_uk) which compare local case levels with the national avg. The reddest area here is Barnsley
One problem with heatmaps is that while they do a good job of depicting regional variation, they don’t give you much context.
And they can look more dramatic when the national avg is low (as it is right now). So.
Here are three “hotspots”: Clackmannanshire, Corby & Barnsley:
Look at actual case levels and you see 3 v different stories:
Barnsley had a surge in autumn
Corby avoided the autumn peak but had a massive surge in Jan
Clackmannanshire v different again. No big surge but small bounces (prob local clusters)
As of now, cases falling in each area
Now, there may well be hotspots in the future. These things can spiral quickly. But I’m not sure these would currently meet anyone’s definition of dangerous hotspots.
That said, even when you take a step back and look at the national picture sometimes things can be distorted.
Consider this viral tweet from the @spectator yesterday. Is it true that the UK has had the biggest peak-to-now fall in #COVID cases?
Well, yes if you just look at the figures and ignore the small print. But if you look at the small print?
Not quite...
The @spectator table is based on figs on cases per million over the most recent 7 days, taken from @OurWorldInData, which are in turn taken from CSSE Johns Hopkins who in turn compile figs reported by each country.
Use those numbers and UK cases per m do indeed fall 97.4%! BUT...
Here’s the thing: go into the @OurWorldInData spreadsheet and look closely at daily case numbers and here’s what you find: a -4.8k figure for the UK dating from Friday.
What happened? The UK removed some old positive test results. It was barely reported, but here’s the note:
Remove that negative number (which is anyway a statistical adjustment to HISTORIC cases) from the rolling 7 day average and UK cases per million go up from 22.7 to 38.8.
This number is prob a better picture of where the UK is.
It’s a MASSIVE improvement on recent months.
But alas this piece of small print means the headline on the @spectator piece is not quite right.
The UK is actually not in first but in second place in this table.
Since when you use the adjusted case rate the peak-to-now fall is actually about 95.6%.
This is still AMAZING.
None of this is intended as a criticism of the @spectator’s excellent data hub or indeed @OurWorldInData’s excellent database and charts.
But sometimes the small print is so small no-one notices. And sometimes that has a bearing on the numbers (even if only barely)...
Still: the overall picture in the UK remains really promising. Cases falling fast, as are hospitalisations. On basis of my rough and ready dot plot which completes the SPI-M projections from Feb, things are still looking good.
Real question is how these look 1/2 months from now
Here’s a video we made abt this last night.
NB: most other broadcasters try to steer clear of deep data analysis and charts like these.
They think viewers will switch off.
Not @SkyNews, who care about this stuff and think their viewers do too.

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More from @EdConwaySky

Dec 19
If you're even half interested in energy, I bet you've seen this chart. I call it The Most Hopeful Chart in the World.
The point? We're embracing renewable power MUCH faster than expected.
Hurrah!
Only problem is, this chart has an evil twin. A chart we really need to discuss
🧵 Image
The Most Hopeful Chart in the World shows how each year the @IEA predicted that the amount of solar output around the world would plateau or rise v slowly in the following years. But instead solar output defied all expectations, rising exponentially.
That's great news.
But making solar panels is an energy-intensive exercise.
You need a lot of coal to smelt down the silicon and a lot of power to turn metallurgical silicon into polysilicon, let alone the monocrystalline boules you really need for a decent solar module (read my book for more 📖)
Read 11 tweets
Dec 14
🚜FARMAGEDDON🌾
The story of what's REALLY going on in farming. A story far more complex than the conventional wisdom.
This isn't just (or even mainly) about inheritance tax. It's about a cascade of challenges & crises that may ultimately threaten food security.
📽️5 min primer👇
Let's begin with that big, overarching issue: food security.
For most of the past century, farmers have been encouraged to grow as much food as possible. The story here goes back to WWII and its aftermath, when the conventional wisdom was the UK needed to be more self sufficient Image
Encouraged by the govt, the UK's domestic food production, which before WWII had dropped to just 35% of what we ate, rose rapidly to over 60%.
Some economists say self sufficiency is overrated. But it's one of those post-war principles that stuck.
By accident as much as design. Image
Read 30 tweets
Dec 6
🚗What's happening to Europe's car industry is one of the biggest stories in the world right now, & prob the biggest story of next year too.
A slow motion implosion driven by multiple factors (esp Chinese competition).
Watch my primer on what's going on👇
What makes this moment so dangerous, so destructive for legacy carmakers, is that this is a perfect storm. Three main issues:
1. The shift from conventional engines to batteries is a DISRUPTIVE innovation. The kind of thing Clay Christensen wrote about.
This is a MASSIVE deal...
Think about a combustion engine.
An assembly of HUNDREDS of pieces of metal, all perfectly honed to turn fuel into motion.
Making these things is REALLY hard. Which is why:
a) that's where most of the value/jobs are
b) other countries have struggled to compete making them Image
Read 17 tweets
Nov 28
Today we learnt the no of people flowing into the UK hit an all-time high last yr: an influx we've NEVER seen before either as a total or as a share of the population.
So... why is the @ONS (and some news organisations) reporting this as a FALL in migration?!
Let's dig deeper
🧵
The ONS publishes immigration figures every six months. There's a lot of data, with plenty of provisos all over it.
But as is often the case the story gets simplified in the telling.
Consider the story the last time the data came out. This is how the chart looked 👇 Image
And here's how most people reported the numbers: immigration was going down. Yes, from unprecedented highs - but even so. Down by 10%. A success story, as far as the then govt was concerned. Image
Read 12 tweets
Nov 19
🧵SALT🧵
It's been snowing in the UK and the road gritters are out in force, begging the question:
Have you ever wondered where that grit actually COMES from?
The answer is more magical, beautiful and fascinating than you probably realised.
1/14 Image
Because that dirty-looking salt being spread by trucks on our roads is actually the remains of an ancient ocean (actually two ancient oceans), buried deep beneath our feet.
Most of the stuff being spread in London comes from a single mine in Cheshire - at Winsford.
2/14 Image
Here, about 20 to 40m beneath the meadows of Cheshire, is an enormous slab of halite, rock salt, the remains of an ancient inland sea a couple of hundred million years ago.
This is where most of our salt comes from.
3/14 Image
Read 14 tweets
Oct 31
🧵How worried should we (and @RachelReevesMP) be about the slightly nervy reaction from financial markets towards her first Budget?
Short answer: certainly a bit worried.
But perhaps not for the reasons you might expect...
Worth saying at the outset: these markets are volatile.
Trying to interpret movements in govt bonds is v tricky.
They're moved by all sorts of factors - fiscal, monetary, economic and structural - from all over the world.
So yesterday's Budget is only one of many factors here...
Even so, there has been a marked rise in UK bond yields following the Budget which is greater than what we're seeing in other markets.
This morning the UK 10 year bond yield hit the highest level in nearly a year. It's up 1.7% since yday - far more than US or German equivalents Image
Read 9 tweets

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