1/20
The Economist is echoing what many on the MSM are saying ... COVID is about to disappear.
The only problem is the data says something very different.
A thread to detail the latest.
economist.com/the-world-ahea…
The Economist is echoing what many on the MSM are saying ... COVID is about to disappear.
The only problem is the data says something very different.
A thread to detail the latest.
economist.com/the-world-ahea…
2/20
Now before I go any further and we get get sucked into a discussion of treatments, hospitalizations and death rates, ECONOMIC POLICY is driven off cases.
So, Cases = Lockdowns. This is why cases are the most important statistic to ECONOMIC GROWTH.
Now before I go any further and we get get sucked into a discussion of treatments, hospitalizations and death rates, ECONOMIC POLICY is driven off cases.
So, Cases = Lockdowns. This is why cases are the most important statistic to ECONOMIC GROWTH.
3/20
Start with the US, cases have bottomed and turned higher. See the bottom panel, the 7-day average is increasing at the fastest pace in two months
Start with the US, cases have bottomed and turned higher. See the bottom panel, the 7-day average is increasing at the fastest pace in two months
4/20
Were are cases surging in the US? Three places ...
("spikey" daily bars are because many states no longer report every day.)
New England
Were are cases surging in the US? Three places ...
("spikey" daily bars are because many states no longer report every day.)
New England
6/20
Upper Midwest
Upper Midwest
8/20
Mountain West
Mountain West
10/20
But things are far worse in Western Europe
But things are far worse in Western Europe
11/20
Leading the problem in Western Europe is Germany
Leading the problem in Western Europe is Germany
12/20
The German army is preparing to mobilise 12,000 soldiers by Christmas to assist overrun healthcare services, Spiegel newspaper reported, and will provide booster vaccinations and tests in care homes and hospitals.
reuters.com/business/healt…
The German army is preparing to mobilise 12,000 soldiers by Christmas to assist overrun healthcare services, Spiegel newspaper reported, and will provide booster vaccinations and tests in care homes and hospitals.
reuters.com/business/healt…
13/20
Austria
Austria
15/20
The Dutch
The Dutch
17/20
and Russia
and Russia
19/20
And, yes, COVID is again rising worldwide
And, yes, COVID is again rising worldwide
20/20
Back to economics, the assumption behind the (so far wrong) calls for "transitory" inflation and supply chain normalization is CV is no longer impacting the global economy. This is not the case (at least yet).
And unvaxxed firings are coming to squeeze everything more.
Back to economics, the assumption behind the (so far wrong) calls for "transitory" inflation and supply chain normalization is CV is no longer impacting the global economy. This is not the case (at least yet).
And unvaxxed firings are coming to squeeze everything more.
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