Coronavirus update through October 30, 2023 – by New Deal democrat No important economic news today, but it’s been a while since I took a look at the COVID-19 data, and there is an interesting trend, so let’s have at it! But first, some bad news. The most reliable data for infections for the past year has been from Biobot, which tracked wastewater nationwide. Well, they lost their contract, which was won by a Google subsidiary called...
Read More »Coronavirus update: the virus is back; everyone should return to their prior precautions and get boosted this fall
Coronavirus update: the virus is back; everyone should return to their prior precautions and get boosted this fall – by New Deal democrat At the beginning of this year, I indicated that I anticipated only writing about Covid if something significant was happening. It is, so let’s look at the data. Almost all State and Federal testing data is gone, but we do have a very good source in Biobot’s waste monitoring. Here’s the long term view...
Read More »BA.2 likely only causes a ripple
Coronavirus dashboard for April 5: BA.2 likely only causes a ripple; and on track for record low daily deaths This is a good time to look at the impact – or, better speaking, the lack thereof – of the BA.2 Omicron variant in the US. Nationwide the 7 day average was 28,961 yesterday: This is the lowest since last July, and lower than all but about 3.5 months since the end of March 2020. Only late spring 2020 and from mid-May through...
Read More »Pessimistic and optimistic scenarios for the winter wave
Coronavirus dashboard for November 26: pessimistic and optimistic scenarios for the winter wave, New Deal democrat I hope all of you had a Happy Thanksgiving. Since I haven’t posted one in a bit, here is an update on the pandemic.As an initial matter, in the last day or two, there has been a mini-panic about a new strain out of South Africa called B.1.1.529 which may or may not get the designation Nu. While this *may* be a concern, I wouldn’t...
Read More »Trade, saving and an economic disaster
The UK is running a trade surplus. No, really, I am not joking. This is from the ONS's latest trade statistics release:The UK total trade surplus, excluding non-monetary gold and other precious metals, increased £3.8 billion to £7.7 billion in the three months to August 2020, as exports grew by £21.4 billion and imports grew by a lesser £17.5 billionIt's the first time the UK has run a trade surplus since the late 1990s: And if you were thinking this was because of the lockdown, you would...
Read More »Trade, saving and an economic disaster
The UK is running a trade surplus. No, really, I am not joking. This is from the ONS's latest trade statistics release:The UK total trade surplus, excluding non-monetary gold and other precious metals, increased £3.8 billion to £7.7 billion in the three months to August 2020, as exports grew by £21.4 billion and imports grew by a lesser £17.5 billionIt's the first time the UK has run a trade surplus since the late 1990s: And if you were thinking this was because of the lockdown, you would...
Read More »What went wrong at intu?
In June this year, a company called intu (no capitalisation) collapsed. Most people had never heard of it. But they knew what it did. It was the owner of many of the UK's biggest shopping centres. Lakeside in Thurrock, Metro Centre in Newcastle, and the Trafford Centre in Manchester - all of these were owned by intu. Indeed, they still are. At the time of writing, no disposals have been made. So intu is the landlord of a significant part of the UK's retail sector. And it is dead, killed by...
Read More »What went wrong at intu?
In June this year, a company called intu (no capitalisation) collapsed. Most people had never heard of it. But they knew what it did. It was the owner of many of the UK's biggest shopping centres. Lakeside in Thurrock, Metro Centre in Newcastle, and the Trafford Centre in Manchester - all of these were owned by intu. Indeed, they still are. At the time of writing, no disposals have been made. So intu is the landlord of a significant part of the UK's retail sector. And it is dead, killed by...
Read More »Webinar on COVID and the Argentinean situation (in Spanish)
[embedded content] For those interested, I suggest listening only to Amico's talk if you already heard a version of my COVID talk.
Read More »Interview on the Greek economy – Press TV News 5-7-2020
Today I offered my opinion on the state of the Greek economy in a comment for the News programme of PRESS TV (5-7-2020). The video of the interview follows together with its transcript. Η ελληνική μετάφραση του κειμένου ακολουθεί. [embedded content] https://urmedium.com/c/presstv/24265 The Greek economy is a failed economy.Since its accession to the EU it has been de-industrialised and became a service economy, heavily dependent upon tourism. The 2008 global crisis and the subsequent...
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