@AllanLichtman How did you determine that both short term and long term economic indicators are negative considering other indicators like the stock market are pointing to recovery?
It is disappointing, but not really unexpected, to see this take on the epidemic simulation code release: https://t.co/qJsaYpvcjW If we accept it at face value, we have a retired software engineer making the case that non-determinism in a simulation shows incompetence. I am all \
I have no doubt that China's coronavirus numbers are fishy, but I find myself a little bit perturbed so far in the lack of specificity in the reporting over what they did exactly; hopefully that will come later.
Know how we chuckle at our ancestors for thinking bloodletting cured disease? Our descendants are really going to crack up at the insistence that masks were unnecessary leading up to all this.
Charts showing the number of deaths are likely useful on balance, even though deaths may be underreported or misreported.
But charts showing the number of detected *cases*? No, not without a *lot* of context, when epidemiologists say reporting varies by 20x across countries.
New detected cases in USA are slightly leveling off over the past 3 days:
Sat: 18,821
Fri: 18,678
Thu: 16,797
But that's partly/largely because the number of tests is also leveling off:
Sat: 109,071
Fri: 107,295
Thu: 97,806
https://t.co/6LHmD2T5ua
I tweet some version of this every day, so here's today's version:
It's still very hard to make overly precise interpretations about where you are on the curve unless you know a lot about tests: how many tests, who's getting tested, how and when results are reported.
This is key. The federal, state and local governments all need to be thinking about what the post-lockdown phase looks like and not just circling a date on the calendar and hoping for the best.
Corona corollary to Godwin's law, as a conversation with someone under quarantine goes on long enough sooner or later someone will bring up toilet paper.
Other states need to do this ASAP. Data on the number of positive tests is at best marginally useful (and at worst misleading) without data on the number of negative tests also.
This is one of those times when it's hard to adjust your priors fast enough, but there's a case that the past 72 hours should have made us more *optimistic*. The US's willingness to engage in mass shutdowns isn't something that could have been taken for granted, for instance.
LOL, looks like Robinhood crashed again this morning on arguably one of the most important trading days of the year. Seems like it might be tied to the S&P circuit breaker?