JPMorgan Makes An Unexpected Discovery: Delta Variant Only “Half As Infectious As Assumed”
Now that the Delta variant in the US has peaked in terms of new cases, hospitalizations and deaths, media fearmongering surrounding the latest round of the covid pandemic has understandably been quietly pulled from the front pages at least until such time the mu variant, or some other virulent strain du jour, makes a triumphant appearance and Fauci is again trotted across the mainstream media to distill a fresh round of fear and set the scene for a new round of restrictions and lockdowns, a cycle that will repeat at least until the mid-term elections which predictably will have to be conducted largely by mail.
But while we wait, we wanted to bring attention to a remarkable new analysis from JPMorgan which found that contrary to developed nations, many of which imposed draconian lockdowns, most notably Australia…
… developing nations saw a Delta wave that was “much milder” than anticipated. JPM’s discussion and conclusions as to why this may have happened are striking.
Taking a step back, over two months ago in early July, JPMorgan wrote a note about EM vulnerabilities to the COVID-19 Delta variant in which it drew attention to seven countries – the Philippines, Peru, Columbia, South Africa, Ecuador, Thailand and Mexico – which at the time looked particularly vulnerable due to a combination of low prevalence of the Delta variant and low vaccination rates.
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