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Message
JP Morgan study on how pointless the lockdown is/was
Posted on 5/20/20 at 2:06 pm
Posted on 5/20/20 at 2:06 pm
Twitter thread
Highlights:
Highlights:
quote:
JPMorgan has a devastating piece arguing that infection rates have declined — not increased — in states where lockdowns have ended, “even after allowing for an appropriate measurement lag.” (Kolonavic)
quote:
More JPM: “In the absence of conclusive data, these lockdowns were justified initially.” But “millions of lives were being destroyed .. with little consideration that [lockdowns] might not only cause economic devastation but potentially more deaths than COVID-19 itself.”
This post was edited on 5/20/20 at 2:07 pm
29
Posted on 5/20/20 at 2:08 pm to ell_13
the OT beat them on this study by about two months
Posted on 5/20/20 at 2:08 pm to ell_13
This will anger the board’s liberals
Posted on 5/20/20 at 2:10 pm to lsuroadie
quote:March 12th
the OT beat them on this study by about two months
quote:
Y’all want to save the most lives?
Take steps to protect the elderly. As far as the rest of us, there’s no reason we shouldn’t be able to go about things as usual taking steps we would normally take if we caught a virus. Stay home and chill till it’s over. Wash hands. Etc. that alone keeps this thing from killing hundreds of thousands which is apparently what every panicked bitch seems to think.
Posted on 5/20/20 at 2:11 pm to ell_13
Just to play devils advocate why is a bank doing a study on virus transmission (I know they have a stake in wanting the economy to continue to repair and stimulate) and what gives them expertise in this arena?
I will say I do like the results and will take anything that opens the country up ASAP. Just curious about their qualifications here.
I will say I do like the results and will take anything that opens the country up ASAP. Just curious about their qualifications here.
Posted on 5/20/20 at 2:12 pm to ell_13
Did they give Chevy another little trophy at the end of the study?
Posted on 5/20/20 at 2:13 pm to jlovel7
quote:
why is a bank doing a study on virus transmission (I know they have a stake in wanting the economy to continue to repair and stimulate) and what gives them expertise in this arena?
Their study is about the economic factors applied during the outbreak utilizing the data from the medical side and comparing them. Not that hard to understand.
Posted on 5/20/20 at 2:13 pm to jlovel7
quote:Anyone can consolidate this data. It doesn’t have to be a scientist. JPMorgan does have an agenda. No denying it. They also have the means to pay someone to pull this together to back their agenda.
Just curious about their qualifications here.
Posted on 5/20/20 at 2:15 pm to ell_13
Anyone not a Democrat could have told you this from the beginning.
Posted on 5/20/20 at 2:15 pm to jlovel7
quote:
they have a stake in wanting the economy to continue to repair and stimulate)
Isn't that enough reason for them to look hard at the whole situation and prevent a repeat?
This post was edited on 5/20/20 at 2:16 pm
Posted on 5/20/20 at 2:16 pm to ell_13
Government will never admit that they overreacted.
Posted on 5/20/20 at 2:16 pm to biglego
quote:
This will anger the board’s liberals
Sao is triggered
Posted on 5/20/20 at 2:18 pm to jlovel7
I will trust the largest investment bank in the world knows how to analyze data if they’re releasing shite like this publicly.
Also, anyone with a brain saw the alley oop these morons tossed themselves on the 8 foot hoop.
Carl Quintanilla @carlquintanilla · 30m JPM: “The initial response of the administration was to downplay the risk of the COVID-19 epidemic. However, since then, this simplistic thesis changed significantly. The administration shifted to forecasting a larger negative impact (setting the stage for them to ‘outperform’ ..
Also, anyone with a brain saw the alley oop these morons tossed themselves on the 8 foot hoop.
Carl Quintanilla @carlquintanilla · 30m JPM: “The initial response of the administration was to downplay the risk of the COVID-19 epidemic. However, since then, this simplistic thesis changed significantly. The administration shifted to forecasting a larger negative impact (setting the stage for them to ‘outperform’ ..
This post was edited on 5/20/20 at 2:19 pm
Posted on 5/20/20 at 2:19 pm to jlovel7
quote:
Just to play devils advocate why is a bank doing a study on virus transmission (I know they have a stake in wanting the economy to continue to repair and stimulate) and what gives them expertise in this arena?
I will say I do like the results and will take anything that opens the country up ASAP. Just curious about their qualifications here.
At this point there is absolutely no reason to think “scientists” and “experts” are more qualified to accurately interpret and make predictions based on massive amounts of data than financial institutions that literally exist to do just that.
Posted on 5/20/20 at 2:19 pm to ell_13
Wait till you see my chart
Posted on 5/20/20 at 2:21 pm to ell_13
Posted on 5/20/20 at 2:22 pm to ell_13
Interesting to hear them say this as they are a liberal company
Posted on 5/20/20 at 2:24 pm to ell_13
JBE isn't gonna like that.
Posted on 5/20/20 at 2:25 pm to ell_13
Well this jab is going to hurt their chances of getting another government bailout. Nice job, JPMorgan.
Posted on 5/20/20 at 2:25 pm to Paul Allen
quote:
they are a liberal company
Wall Street is far from Liberal
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