2:00PM Water Cooler 6/29/2020

By Lambert Strether of Corrente.


At reader request, I’ve added this daily chart. The data is the Johns Hopkins CSSE data. Here is the site. The United States as a whole:

Second verse, same as the first. (OK, I grant the two slopes aren’t exactly the same.)

“Analysis: Governing in reaction mode, and always a beat or two behind” [Texas Monthly]. “The Texas resurgence was predictable. Local officials who wanted stronger rules on masks and crowds and social distancing — in both big and small Texas cities and counties — were right after all. And Abbott, who blocked local governments from acting on their concerns about the coronavirus, waited until case numbers, infection rates and hospitalizations jumped. You can get ready when a storm is coming or wait until it blows your roof off. Abbott, who’s been reinstalling some of the regulatory safeguards he dismantled in May, dithered until the wind was blowing…. Maybe people have to see it to believe it. The state’s restrictions were working pretty well. After a month, the governor — hoping to revive the state’s economy — began easing up, slowly and then rapidly. The coronavirus made its comeback, slowly and then rapidly — probably a mix of opening the state’s businesses and other institutions and of people gathering in restaurants, demonstrations, parks and beaches. Every step of this has been more reaction than part of a plan. The rise of the disease led to restrictions. The fall of the economy led to reopening. And here we are again, reacting to the

Keep reading this article on Naked Capitalism (Yves Smith) - Blog.

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