Infection Rates Are Falling in States That Lifted Lockdowns, Study Reveals
Research from investment bank JP Morgan shows coronavirus infection rates decreasing
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COVID-19 infection rates are allegedly falling in states that have lifted their coronavirus lockdown orders, according to a new study.
Research from investment bank JP Morgan shows infection rates actually decreasing - rather than increasing as some warned - after lockdown measures had ended.
JP Morgan's study was outlined by CNBC anchor Carl Quintanilla in a lengthy Twitter thread.
The research appears to counter the warnings from media and political figures.
Many have been predicting dire consequences for those states when coronavirus lockdown measures began lifting.
In his analysis, Quintanilla described JP Morgan's findings as "devastating."
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“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),” Quintanilla said on Twitter.
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)
— Carl Quintanilla (@carlquintanilla) May 20, 2020
(1/x) pic.twitter.com/E6TJ3Qsa2b
Quintanilla’s next tweet included similar patterns “for various countries,” opining that “the pandemic and COVID-19 likely have its own dynamics unrelated to often inconsistent lockdown measures that were being implemented.”
Same goes for various countries, adds JPM. “This means that the pandemic and COVID-19 likely have its own dynamics unrelated to often inconsistent lockdown measures that were being implemented..”
— Carl Quintanilla (@carlquintanilla) May 20, 2020
(2/x) pic.twitter.com/D3Tju8x2LF
The CNBC anchor then quoted from the research with his next several tweets, according to The Daily Caller.
The first of which contended that, while the lockdowns may have been “justified initially,” policymakers did not take into account the “millions of lives” that “were being destroyed … with little consideration that [lockdowns] might not only cause economic devastation but potentially more deaths than COVID-19 itself.”
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.”
— Carl Quintanilla (@carlquintanilla) May 20, 2020
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JP Morgan opined about the partisan divide surrounding the ongoing response to the epidemic:
JPM: Demagogues “will be tempted to use COVID-19 to blame immigrants, people of a different race, or use the pandemic as a pretext to intensify geopolitical tensions. .. We will closely monitor how these risks evolve, but at this point see them as potential tail risks..”
— Carl Quintanilla (@carlquintanilla) May 20, 2020
( END )
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’ ..
— Carl Quintanilla (@carlquintanilla) May 20, 2020
... shifting the pandemic blame to China and the WHO, and .. shifting the blame for economic pain to large blue states that are perceived to be slowing down the reopening of the economy. Indeed, allowed economic activity across the country is now largely following partisan lines”
— Carl Quintanilla (@carlquintanilla) May 20, 2020
—> it should be noted that JPM’s Kolanovic came close to calling the peak in US cases back on April 6. (The S&P 500 is up nearly 20% since this tweet)https://t.co/EIGVc4RctS https://t.co/i2ZfrWVUVQ
— Carl Quintanilla (@carlquintanilla) May 20, 2020
The news comes as many citizens in states across the country are questioning the necessity of statewide lockdowns.
A central California city has defied its Democrat Gov. Gavin Newsom's statewide lockdown order by declaring itself a "sanctuary city" that won't enforce the state's measures.
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The Californian city of Atwater has declared itself a "sanctuary city for businesses" and will allow reopenings, despite the state's shutdown order.
The resolution was passed Friday by the Atwater City Council.
Under the city's new status, business owners will be allowed to open and individuals can openly defy the Democratic governor’s coronavirus-related stay-at-home order.
The resolution asserts “the city’s commitment” to provide “fundamental” human rights to its residents.
