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re: JP Morgan study on how pointless the lockdown is/was

Posted on 5/20/20 at 2:26 pm to
Posted by ell_13
Member since Apr 2013
85028 posts
Posted on 5/20/20 at 2:26 pm to
quote:

Sao
Attack the source and not the content. Excellent.
Posted by AbuTheMonkey
Chicago, IL
Member since May 2014
8002 posts
Posted on 5/20/20 at 2:26 pm to
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.



I don't know about this study in particular but the big investment banks like JP, Goldman, Morgan Stanley, Credit Suisse, etc. have some of the best statisticians, economists, and industry experts (including healthcare) anywhere. A friend from college got his MD/PhD from Carolina and now works as a healthcare analyst for a big investment bank. That's not uncommon at all.
Posted by Sao
East Texas Piney Woods
Member since Jun 2009
65697 posts
Posted on 5/20/20 at 2:28 pm to
quote:

Sao is triggered



Only that JP Morgan is a piece of shite operation who preys on the populous and the government. Them whining about the economy due to the shutdown doesn't shock me at all. Hell, they shite the bed during great economies and have their hand in pockets.
Posted by I Bleed Garnet
Cullman, AL
Member since Jul 2011
54846 posts
Posted on 5/20/20 at 2:31 pm to
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?

Because some of the biggest industry experts work for these investment banks
JP has tons of virus experts on their payroll
Posted by Sao
East Texas Piney Woods
Member since Jun 2009
65697 posts
Posted on 5/20/20 at 2:32 pm to
quote:

Attack the source and not the content. Excellent.





The content isn't something I've EVER disputed. Now, if you want to say I've always played devil's advocate to the Fauci hate or Trump's responses to this, sure. Fire away.

AMA
Posted by ell_13
Member since Apr 2013
85028 posts
Posted on 5/20/20 at 2:33 pm to
quote:

Them whining about the economy due to the shutdown
Oh is that what data is?
Posted by ell_13
Member since Apr 2013
85028 posts
Posted on 5/20/20 at 2:35 pm to
quote:

The content isn't something I've EVER disputed.
How could you?

The point is that the lockdown was pointless in terms of covid spread. It didn’t “save lives” or even help protect the hospitals. All it did, according to this study, was crash economies. And we know how many people that affects and that it WILL shorten lives substantially. Way to go, everyone.
Posted by Sao
East Texas Piney Woods
Member since Jun 2009
65697 posts
Posted on 5/20/20 at 2:41 pm to

Ok?
Posted by GRTiger
On a roof eating alligator pie
Member since Dec 2008
62966 posts
Posted on 5/20/20 at 2:45 pm to
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?


They aren't doing epidemiology here. They are crunching numbers. Have you seen JPM's quants?
Posted by I Bleed Garnet
Cullman, AL
Member since Jul 2011
54846 posts
Posted on 5/20/20 at 2:51 pm to
quote:

Have you seen JPM's quants?

Yes...
They could be working for China...
Hmmm
Posted by GRTiger
On a roof eating alligator pie
Member since Dec 2008
62966 posts
Posted on 5/20/20 at 2:52 pm to
Look at him!

Posted by Fat and Happy
Baton Rouge
Member since Jan 2013
16994 posts
Posted on 5/20/20 at 2:53 pm to
Had politicians been effected financially, they would have an entirely different tune about the shut down
Posted by OysterPoBoy
City of St. George
Member since Jul 2013
35086 posts
Posted on 5/20/20 at 2:55 pm to
It's 5g folks. I don't know how everyone isn't seeing it yet. You get sicker the more you stay home. Remember the last few years when they were replacing our meters with "smart meters"?

Congratulations, you have COVID.
Posted by Goldbondage
Member since Mar 2020
694 posts
Posted on 5/20/20 at 2:56 pm to
I think you have it backwards. It was JP Morgan that bailed out the government.

LINK
Posted by tiger91
In my own little world
Member since Nov 2005
36704 posts
Posted on 5/20/20 at 2:58 pm to
Someone posted a chart that showed Louisiana with an R0 finless than one — we were ranked 7th best R0.

This was on May 19 and now I can’t find it. Anyone got it??
This post was edited on 5/20/20 at 2:59 pm
Posted by I Bleed Garnet
Cullman, AL
Member since Jul 2011
54846 posts
Posted on 5/20/20 at 2:58 pm to
“I got second in that national math competition”
Posted by Sao
East Texas Piney Woods
Member since Jun 2009
65697 posts
Posted on 5/20/20 at 2:59 pm to

No, JP Morgan Chase received 13B in 2008.
Posted by tigerinthebueche
Member since Oct 2010
36791 posts
Posted on 5/20/20 at 3:00 pm to
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.”



I posted this exact opinion on this forum in early April. the resident Klarks or Karens or whatever we call the sky screamers were hyperventilating over how I wasn't taking this serious enough.
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 5/20/20 at 3:05 pm to
its something, but the differences are so small that its hard to take this as a significant data piece

best interpretation is to suggest that this is just more noise to a complicated issue
Posted by Lima Whiskey
Member since Apr 2013
19218 posts
Posted on 5/20/20 at 3:10 pm to
That makes sense... it probably burns out and you see fewer cases overall.
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