Update of Trump Ray Quotations： More tests, more diagnoses.
US President Trump, who once declared that "without COVID-19 vaccine, the virus will disappear by itself", recently updated the quotations of Lei Ren at a campaign rally held in Oklahoma — — "Slow down virus detection". Because in his view, testing is a "double-edged sword", and the more tests, the more diagnoses.
Contrary to Trump’s imagination, the severity of the epidemic in the United States has intensified recently. According to the latest data from the website of Hopkins University, the number of confirmed cases in COVID-19 has reached 2.279 million, and the death toll is close to 120,000.
The US media reported that the proportion of young people infected with COVID-19 in the southern United States continued to rise, and the proportion of infected people increased exponentially after the liberalization of state restrictions.
At the same time, the increasingly severe epidemic has seriously hit market confidence. Some experts believe that the plunge of the US dollar and the intensification of inflation are forming a stock market bubble.
The epidemic situation in the United States presents a new dangerous trend.
In an interview with NBC, Dr. Michael Osterhome, an American infectious disease expert, pointed out that "the number of cases in the United States is now 70% of the peak in early April." He doesn’t think this grim situation will be alleviated in summer or autumn. Osterhome regards the increasingly severe epidemic situation in the United States as a "forest fire". "As long as there is firewood, this is a fire."
During the American epidemic, people ate at a local restaurant in Dre Beach. Source: new york Times
At a news conference last week, WHO said that more than 150,000 new cases have been reported, almost half of which are from America. Cases in the United States have increased by 15% in the past two weeks, and cases in 22 States are on the rise. Moreover, as states began to lift restrictions and the number of travelers increased, Scott Gottlieb, former director of the US Food and Drug Administration (FDA), told CBS that the number of confirmed cases in some southern states of the United States began to show an "exponential growth".
As experts say, the infection rate in Oklahoma has risen rapidly in recent days. Since the end of April, the death toll in the state has been in single digits, but in the past five days, the state has set a new record. Not only that, according to CNN, more and more young people in southern States of the United States are positive for coronavirus. Greg Abbott, governor of Texas, said last week that young people under the age of 30 in the state constitute the majority of infected cases. Florida Governor Ron De Santis said on the 19th of this month that the average age of newly diagnosed cases last week was 37, and "the virus is attacking people aged 20 to 30".
Update of Trump Lei Ren Quotations
CBS said that as the number of people infected with Covid-19 in the United States began to surge in mid-March, the Trump administration was widely criticized for its lack of testing programs and its failure to support states to improve their testing capabilities.
In response to Trump’s "virus disappearance theory", Dr. Ashish Jaha, director of the Harvard Institute for Global Health, said on CNN: "The virus will not only disappear, but will last for at least 12 months. This is the most optimistic situation for vaccination."
Despite severe warnings from experts from all over the United States, hundreds of people gathered in Tulsa, Oklahoma last Saturday to attend Trump’s first re-election campaign rally during the severe epidemic. Although Tulsa announced the highest number of new infections in one day last Saturday — — This is the fifth time this week that a record number of infected people have been reported, but CBS observed that not only did almost no one wear a mask at the rally, but Trump did not wear a mask during his trip outside the White House. White House press secretary Kelly McNarney even told reporters bluntly that she would not wear a mask at this campaign rally.
On June 20, 2020, US President Trump delivered a speech at a campaign rally in Tulsa, Oklahoma. Source: Business insider
The popularity of the "virus disappearance theory" has just subsided, and Trump has put forward a new theory at this indoor gathering. Trump told a supporter who didn’t wear a mask that he wanted to "slow down the detection speed." According to CBS, Trump explained to supporters that because testing is a "double-edged sword", the acceleration of testing speed has increased the number of confirmed cases in COVID-19. "We are testing for people who have no idea what happened."
Dr. tom ingelsby, director of the Health and Safety Center of Johns Hopkins University Bloomberg School of Public Health in the United States, refuted Trump’s new remarks. He believed that the surge in confirmed cases in many States in the south and west of the United States was not only the result of the increase in the number of tests, but "a real increase."
Scott gottlieb, former director of the Food and Drug Administration, also expressed the same view on CBS’s "Face the Nation" program, saying: "The rate of positive test results is rising, which clearly shows that the virus is spreading in the community, and this is not only because the number of people being tested has increased."
Dr. Osterhome, an infectious disease expert, expressed concern about the recent indoor gatherings in the United States, such as the presidential rally, and believed that Trump’s risk of infection in such indoor gatherings was far greater than the large-scale outdoor demonstrations against police brutality.
A stock market bubble is forming.
According to the US Consumer News and Business Channel (CNBC), data from the Federal Deposit Insurance Corporation (FDIC) show that since Covid-19 first attacked the United States in January 2020, the cash in American bank deposit accounts has surged by 2 trillion US dollars, reaching a record high. In April alone, deposits increased by $865 billion, more than the previous record of annual increase in deposit balance. Of the US$ 2 trillion, more than two-thirds have been deposited in the 25 largest banking institutions in the United States, especially JPMorgan Chase, Bank of America and Citigroup, which have the largest assets in the United States.
In the past six months, the cash in bank deposit accounts in the United States has surged and reached a record high. Source: American Consumer News and Business Channel (CNBC)
CNBC pointed out that the surge in deposits was mainly related to the stimulus measures taken by the US government during the epidemic, including the distribution of unemployment benefits and salary subsidies to small businesses and individuals; The Federal Reserve also continuously supports financial markets through unrestricted bond purchase plans; Faced with the uncertainty of the future, both families and global companies have chosen to store cash.
"No matter how you look at it, this growth is absolutely extraordinary," said Brian Foran, an analyst at Autonomous Research, a well-known independent research company. Foran believes that super banks have the largest number of American retail customers, and ordinary people have almost no chance to spend money during the period of avoiding the epidemic at home. All the money flows into bank accounts, and banks will definitely lower the already insignificant interest rate, "because they don’t need depositors. More money."
CNBC pointed out that if the surge in deposits is only a sign of measures taken to alleviate the financial harm caused by the epidemic, it remains to be seen what will eventually happen to the government’s historic spending spree. Some experts believe that a stock market bubble is forming due to the plunge of the US dollar and the intensification of inflation.
In addition to the surge in cash in the deposit accounts of major banks in the United States, the stock index futures in the United States are also falling, and the surge in confirmed cases is hitting market confidence.
According to Reuters, S&P 500 index futures fell 0.4%, and fell as high as 1.05% in early trading. Chicago futures NIYc1 shows that the Nikkei 225 index will fall by 1.3%. For this large-scale economic recession caused by the epidemic, more and more people have doubts about whether the economy can rebound quickly in the post-epidemic era.
(Intern Liu Xiaoyu)