We were told that states lifting their lockdowns would bring about untold tragedy, death, overflowing hospitals, and general destruction of civilization, yet according to a new study by JP Morgan, it would appear that the states lifting lockdowns are getting better, not worse.
CNBC’s Carl Quintanilla posted the bank’s research that shows a fascinating decline in infection rates by states ending their lockdowns.
“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),” tweeted Quintanilla.
Quintanilla also noted JP Morgan’s discovery of the same pattern happening in other countries that have released their lockdowns.
“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,” Quintanilla continued.