A new study that was carried out by JPMorgan has found that coronavirus infection rates have actually declined, not increased, in states that have reopened. This news was shared in a series of tweets by CNBC financial anchor Carl Quintanilla, and it directly contradicts the doomsday COVID-19 narrative being perpetrated by the mainstream media.
The research conducted by JPMorgan concluded that COVID-19 infection rates in states that have reopened have gone down “even after allowing for an appropriate measurement lag.”
“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,'” Quintanilla tweeted of the report, which was written by Marko Kolanovic, the Global Head of Macro Quantitative and Derivatives Strategy team at JPMorgan.
“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,'” the news anchor added.
“In the absence of conclusive data, these lockdowns were justified initially,” the JPMorgan report states. “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.”
“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,” the report continues. “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.'”
The report goes on to say that the administration was “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 re-opening of the economy.”
“Indeed, allowed economic activity across the country is now largely following partisan lines,” the JPMorgan report added. Kolanovic spoke out to blast coronavirus lockdowns this week:
“While our knowledge of the virus and lack of effectiveness of total lockdowns evolved, lockdowns remained in place and focus shifted to contact tracing, contemplating second wave outbreaks, and ideas about designing better educational, political and economic systems. At the same time, millions of livelihoods were being destroyed by these lockdowns. Unlike rigorous testing of potential new drugs, lockdowns were administered with little consideration that they might not only cause economic devastation but potentially more deaths than COVID-19 itself.”
It’s becoming increasingly clear that the coronavirus lockdowns went way too far, and that we destroyed our economy for nothing. It’s crucial that we end these lockdowns immediately, and that we put all of our focus into getting America back on its feet again.
This piece was written by PoliZette Staff on May 22, 2020. It originally appeared in LifeZette and is used by permission.
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