While the latest vaccine progress news out of Pfizer was welcome by the market (and its CEO who sold over 60% of his PFE stock on the day of the announcement) in a week where global infection resurgence continued with cases jumping 8% W/W last week (537k vs. 309k in Aug-Oct) and EU/ UK re-imposed lockdowns, considering that approximately 60% of population will need to be covered by a vaccine, near term pressure on infection curve/ hospital capacity, growing mortality tally, and stricter public
health policies to pull back secondary infection rate (or R0) below 1 will likely persist for the foreseeable future.
However, in a surprising report out of JPMorgan, the bank finds no meaningful curve development differences between countries with and without strong curve intervention. This makes the bank question if existing public health intervention (i.e., lockdown/ stricter social distancing) should remain in place next year, and leads JPM to conclude that “public health policy should consider approaches biased towards economic/pubic mental health over the urge to close the curve in 2021.“
To reach its “startling” conclusion, JPMorgan compared countries without lockdown, keeping the economy open under certain levels of social-distancing (Brazil, US, Sweden, Japan, Korea) to countries with strong curve intervention (UK, Germany, Italy, France, China, India) to see any meaningful differential in the curve development.
Here is what the largest US bank found in its comparison between countries with and without strict social distancing measures and lockdowns:
Better not say stuff like that JP Morgan, people will demonize you for having common sense! And will try to attack you for saying that masks and lock downs don’t help, even though most know this to be true, it is the crazy obtuse retard slaves you need to worry about! They think they know it all for they stayed in a holiday inn express…
Wait a minute you mean the investment bankers and wallstreet want the people who ACTUALLY run the economy to keep working so they can continue to make money?
Now that the Democrats has fulfilled what they were after with the virus they could go ahead and send back to China the rest of the vials they have to save for the next election or do we have to wait until January so they can get their Senate vote they want??????
Hindsight at first was a knee jerk reaction stance. No one was truly thinking 2nd 3rd or 4th order effects. Hell we were bitchin bout folks from outta state license plates taking our goods and services. We didnt know how to react and leaned on our officials. Hell they didnt know orrrrr didnt listen to others with 2nd 3rd 4th order ramifications. Now we r here, Monday morning quarterbacking and pointing fingers….all the while, people are still hurting, waiting for the next handout. Bitching about not seeing others, no thxgiving and Lord forbid zippy xmas. We need to do what we didnt do before…hunker, wash, respect everyone. Order out when u can…shop and work. Schools? Well i dont have that answer….but another 7 months and the school yr is over. Reset now so maybe next fall we will have control or a resemblance of it. Think about it…business will close, chapter 11, new jobs will surface, huge debit will be screaming next budget cycle…2020 will hurt for many years to come. Address it now and maybe we have a chance. Keep doing the same (insanity)…well it stays the same. More finger pointing, more hatred and more unrest.
Now Joe, we need that happy TGIF message every friday again.
Whew.
Just a reminder that the couple who created the vaccine are a German and Turkish muslim couple. So does that mean that all you “muslims only want sharia law” / “any regulations are communism” folks will skip the vaccine if it will save your sorry old racist asses?
in political speak J.P. morgan is losing money from the shutdowns, A.K.A no benefit to them to shut things down. That`s a shame that the rich aren`t getting even richer with the shutdowns, no worries i`m sure the government will cough up a couple of trillion dollars of taxpayer money to compensate the ultra rich for the money they are losing.