Ed Conway Profile picture
Jul 12, 2021 10 tweets 4 min read Read on X
Quick Covid data update. Cases heading higher, so too admissions. But the link between them is weaker than in previous waves.
In short, the coming months will be nerve-wracking.
Cases will get v v high. This will feel like a wave in that respect. But in other respects v different
Same data but on a log axis - now you can see that hospital admissions are now growing at almost the same rate as cases.
Roughly doubling every 11 days.
V unsettling. Especially given cases have further to rise. So what next?
Here’s a simple extrapolation of cases and hospitalisations (second chart is same data with log axes).
Extrapolate current growth rates and you’re talking abt 100k cases by late July.
Hospital admissions up to 1000 by 19 July, possibly touching 2000 by end July.
The question is where and when that growth rate runs out of steam. It has to at some point, but no-one really knows where. Was struck by how wide the uncertainty bands in today’s SPI-M models were. No-one knows! But presumably opening up will mean an acceleration in cases
Consider what happened when the Netherlands opened up nightclubs late last month. After that there was a MASSIVE increase in cases, to the extent that it had to reverse the reopening less than two weeks later. Will that happen in the UK too?
Quite hard to be sure. On one hand, Delta variant has already established itself in UK (whereas it’s only now getting a foothold in much of Europe). Plus UK has higher vaccination levels than most other countries. And school holidays will help too (less classroom transmission)
However, because UK has prioritised vaccinating older, more vulnerable people, upshot is Covid could spread more freely among younger age groups than in other countries where vaccinations were distributed more evenly among age groups. Eg: high case growth, slower hospitalisations
Every other time cases were rising like this govt response was to put foot on brake. Now it’s putting its foot on the accelerator.
& even if you assume lower hospitalisations, still big questions abt other consequences, eg Long Covid.
But (big but) something important has shifted
Even after u account for the usual lag, the link between cases & deaths seems to have weakened considerably.
Thank goodness.
There are many consequences of Covid that shouldn’t be taken lightly. But fact that far fewer people are dying is some welcome good news.
In coming weeks cases will mount further.
So will hospitalisations & deaths.
There will be lots of shouting (esp here on Twitter).
But this is a nuanced situation.
We at @skynews will try to help you navigate this.
Because we take data seriously skygroup.sky/skynews

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More from @EdConwaySky

Mar 27
🚨
The Chinese owners of British Steel say they are now considering shutting their blast furnaces and end steelmaking at Scunthorpe in early June - only a few months away.
It would mean an end of virgin steelmaking in the country that invented it during the industrial revolution
British Steel say the main question now is timing: whether the operations will close in June, in September or later.
It says tariffs are one of the reasons the blast furnaces are "no longer financially sustainable".
Press release 👇 Image
The news means @jreynoldsMP faces two interlocking crises in the coming months:
1. The imposition of US tariffs on an ever growing segment of British exports
2. The end of virgin steelmaking (the UK would be the first G7 country to face this watershed moment).
This is big stuff
Read 5 tweets
Mar 25
Donald Trump just announced 25% tariffs on anyone importing oil from Venezuela.
This is odd.
Because the country importing the most crude from Venezuela is... the US.
Capital Economics chart of Ven oil exports by Capital Economics via @rbrtrmstrng
But it raises a bigger point
🧵 Image
Why does the US import so much oil from Venezuela?
Mainly for the same reason it imports so much oil from Canada.
And no it's not just because they're close.
It's because most US refineries are set up to refine the kind of oil they have in Venezuela and Canada.
To understand this it helps to recall that crude oil is actually a broad term. There are LOTS of different varieties of crude - a function of the geology of where the oil formed and the organic ingredients that went into it millions of years ago.
It's called "crude" for a reason
Read 14 tweets
Mar 23
🚨
Here's a thread about ALUMINIUM.
Why this commonplace metal is actually pretty extraordinary.
How the process of making it is a modern miracle...
... which also teaches you some profound lessons about the trade war being waged by Donald Trump. And why it might be doomed.
🧵
Aluminium is totally amazing.
It's strong but also very light, as metals go.
Essentially rust proof, highly electrically conductive. It is one of the foundations of modern civilisation.
No aluminium: no planes, no electricity grids.
A very different world. Image
Yet, commonplace as it is today, up until the 19th century no one had even set eyes on aluminium. Unlike most other major metals we didn't work out how to refine it until surprisingly recently.
The upshot is it used to be VERY precious. More than gold!
Read 36 tweets
Mar 21
🚨TARIFFS🚨
Here's a story that tells you lots about the reality of tariffs both for those paying them & those hoping to benefit from them.
A story of ships, storms, bad luck and bad policy.
It begins a week and a bit ago, with a man frantically refreshing his web browser...
🧵
That man is Liam Bates.
He runs the UK unit of a steel company called Marcegaglia. They make stainless steel - one of the most important varieties of this important alloy. The method of making it was invented in Sheffield. And this company traces its DNA back to that invention. Image
Watching the process is TOTALLY amazing.
They tip a massive amount of scrap: old car parts, sinks etc, into a kind of cauldron and then lower big glowing electrodes into it.
Then flip the switch.
⚡️Cue a massive thunder sound as a controlled lightning storm erupts inside it.
Read 15 tweets
Feb 24
🧵Three years ago, when Russia invaded Ukraine, EU, UK and other nations vowed to wage economic war, via the toughest sanctions in history.
So... how's that going?
We've spent months documenting what ACTUALLY happened. Here's a thread of threads on the REAL story on sanctions...
1. Flows of dual use items, including radar parts, drone components and other parts used by Russia to kill Ukrainians, carried on from the UK and Europe to Russia, via the backdoor (eg the Caucasus & Central Asia)
2. Of all the goods sent by the UK to Russian neighbours, few were as significant as luxury cars.
Having sanctioned Russia (the idea being to starve Putin's cronies of luxuries) Britain (and Europe more widely) began sending those sanctioned cars in via the backdoor instead
Read 9 tweets
Feb 16
If the main thing the US really wants out of a deal with Ukraine is "50% of its rare earth minerals" then I'm surprised this can't be wrapped up pretty quickly.
Why? Because Ukraine doesn't HAVE many rare earth resources.
Really. As far as anyone knows it's got barely any... Image
Yes, Ukraine has lots of coal and iron and manganese.
It also has some potential sizeable reserves of stuff like titanium, graphite and lithium. Not to mention some promising shale gas.
But of the 109 deposits identified by KSE only 3 are rare earth elements Image
Now in one respect I'm making a pedantic point: a lot of people say "rare earth elements" when they actually mean "critical minerals".
The two aren't the same thing.
Rare earth elements are a v specific bit of the periodic table: actually they're NOT all that rare.
More on them👇
Read 7 tweets

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