Economic Outlook

Cuomo Says We’re Only Seeing ‘The First Wave’ Of COVID-19 As Europe Sees Jump In Deaths

Posted by ZeroHedge

on Thursday, 9 April 2020 10:12

Rounding out what has been a mostly disappointing day for Europe and its new numbers of cases and deaths, France and the UK also reported accelerations in the pace of new cases and deaths.

France reported 1,341 new deaths over the last day, including deaths not only in hospitals but also in nursing homes and other group settings where the virus is known to spread like wildfire.

In the UK, Dominic Raab announced 881 new deaths, bringing the death toll to 7,978. Meanwhile, the total number of confirmed coronavirus cases has reached 65,077, an increase of 4,304.

Over the past three weeks Washington DC, 8 members of the United States Capitol Police have told superiors that they have tested positive, meanwhile in New York, nearly 20% of the NYPD is still out sick, many because of the virus. On Thursday, more than 7,000 officers were out sick.

Hungarian Prime Minister Viktor Orban, who recently was given untrammeled power to direct the government during the response, which some have complained elevated him to the status of ‘dictator’, Orban announced that current restrictions on movement will be extended “indefinitely” a Hungary battles the virus….CLICK for complete article

Michael ‘Big Short’ Burry Blasts “Unjustifiable” Lockdowns As “Most Devastating Economic Force In History”

Posted by ZeroHedge

on Tuesday, 7 April 2020 10:15

Infamous for his painful but ultimately profitable “big short” bet against mortgage-backed securities during the 2008 financial crisis, Michael Burry, the doctor-turned-hedge-fund-manager has been on a multi-day Twitter rant claiming that the lockdowns intended to contain the COVID-19 pandemic are worse than the disease itself. Echoing the thoughts of many, Burry opined in a series of tweets over the past two weeks that the government-enforced lockdowns and business shutdowns across America may trigger one of the country’s deepest-ever economic contractions, and further still, are not necessary to contain the epidemic (on March 22nd)… CLICK for complete article

At Risk: The Geography of America’s Senior Population

Posted by Jenna Ross

on Monday, 6 April 2020 10:45

At Risk: The U.S. Senior Population

The U.S. now has the largest number of confirmed COVID-19 cases globally, and modelling predicts that the country could see about 100,000 to 200,000 total deaths. Unfortunately, adults aged 65 or older—about 16% of the U.S. population—are at much higher risk of both severe illness and death.

Today’s chart uses U.S. Census Bureau data to map the percentage of the population that is 65 years or older by state. It also outlines the urban areas that are most heavily skewed towards this older age group….CLICK for complete infograph

The Fight Against COVID-19: “Bending the Curve” & Then What?

Posted by Wolf Street

on Monday, 6 April 2020 10:38

Eradicate the virus — without a vaccine? Manage infection rates to let the population “build immunity through suffering” until a vaccine is available? How can we revive the economy without risking thousands of deaths in fresh outbreaks?

I think we’re now at the turning point in the fight against COVID-19. Everyone’s now acting to stop the spread, and the early hot spots in Europe, North America, and Australia are seeing signs of progress, just as the Asian nations did earlier. There is a long road ahead, and we have to decide which route to take, but Western societies are showing they can handle this too. In this post I’m going to show updated versions of my three favorite graphs, which tell the story and lead to the single biggest public policy-making challenge many nations may face this decade… CLICK for complete article

Posted by Steve Kelley, Pittsburgh Post Gazette

on Saturday, 4 April 2020 10:22

https://townhall.com/political-cartoons/stevekelley/2020/04/02/172727