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Daily Archives: July 22, 2022

Chart: U.S. Existing Home Sales Down in June 2022

Source : Bloomberg

China Road Freight Volumes Down in the Last 3 Weeks

Flare-ups of Covid-19 revived disruptive roadblocks for truckers.

China’s road freight volume index fell 18.3% year-on-year in the week of July 11, the third consecutive week of decline, according to data from industry information provider G7. The index measures truck traffic volume and the quantity of goods processed in major logistics centers. Week-on-week, the slump was a more modest 1.3%.


Source : Weixin

Chuckles of the Day




Seeking Financial Advice

A man calls a financial planner seeking some advice and direction.

“Hello, My name is Bob. I’d like to invest some money.”

“Hello Bob, this is Mike. I would be happy to meet you. You say you would like to invest some money. First, to help me better understand your situation, can you tell me where or how you currently have your money invested?”

“Sure Mike. I am currently invested in Credit Cards, Car Loans, Student Loans, and the Lottery. Is that a good place to start?”

* * * * * * *

Texas, California, & Nevada Horse Riders

A Texan, a Californian, and a Nevadan were out riding their horses. The Texan pulled out an expensive bottle of tequila, took a long draught, then another, and then suddenly threw it into the air, pulled out his gun and shot the bottle in midair.

The Californian looked at the Texan and said, “What are you doing? That was a perfectly good bottle of whiskey!! The Texan replied, “In Texas, there’s plenty of whiskey and bottles are cheap.

A while later, not wanted to be outdone, the Californian pulled out a bottle of wine, took a few sips, threw the half full wine bottle into the air, pulled out his gun, and shot it in midair.

The Nevadan couldn’t believe this and said “What the heck you did that for? That was an expensive bottle of wine!”

The Californian replied, “In California there is plenty of wine and bottles are cheap.”

A while later, the Nevadan pulled out a bottle of Sierra Nevada Pale Ale. He opened it, took a sip, took another sip, then chugged the rest. He then put the bottle back in his saddlebag, pulled out his gun, turned, and shot the Californian.

The shocked Texan said “Why in the world did you do that?” The Nevadan replied, “Well, in Nevada we have plenty of Californians, and bottles are worth a nickel.”




Infographic: Battery Vs. Hydrogen Fuel Cell Electric Vehicles

See large image . . . . . .

Source : Visual Capitalist

Hypertension Elevates Risk for More Severe COVID-19 Illness

Hypertension more than doubles the risk of hospitalization related to Omicron infection, even in people who are fully vaccinated and boosted, according to a new study led by investigators in the Smidt Heart Institute at Cedars-Sinai. The findings are published in the journal Hypertension.

The risk is especially widespread given that nearly 1 out of every 2 adults in the U.S. have hypertension, according to the U.S. Centers for Disease Control and Prevention.

“The take-home message is that avoiding infection is extremely important—even when the circulating viral variant is presumed to cause mild disease in most people,” said Joseph E. Ebinger, MD, a clinical cardiologist and director of clinical analytics at the Smidt Heart Institute and first author of the study.

By reviewing electronic medical records, Cedars-Sinai investigators identified 912 people who were fully vaccinated with an mRNA vaccine, received a booster shot and were subsequently diagnosed with COVID-19 during the Omicron surge that occurred in Southern California from Dec. 1, 2021 through April 20, 2022. Of these individuals, 145 required hospitalization.

“We were surprised to learn that many people who were hospitalized with COVID-19 had hypertension and no other risk factors,” said Susan Cheng, MD, MPH, director of the Institute for Research on Healthy Aging in the Department of Cardiology at the Smidt Heart Institute and a senior author of the study. “This is concerning when you consider that almost half of American adults have high blood pressure.”

The team also found that chronic kidney disease, having had a heart attack, or heart failure, greatly increases the risk of hospitalization after infection.

“These findings were expected considering that these are chronic medical conditions that are well established to be associated with worse outcomes,” said Ebinger, an assistant professor in the Department of Cardiology in the Smidt Heart Institute.

Because hypertension is common in people with chronic kidney disease, heart attack and heart failure, the investigators conducted an analysis that excluded patients diagnosed at some point with these conditions. The risk for hospitalization was still substantial for people diagnosed with hypertension alone.

The risk of being hospitalized with COVID-19 also increased with age and duration between a study participant’s last vaccination and infection. Hypertension, however, was associated with the greatest magnitude of risk: 2.6-fold.

These findings extend reports from early in the pandemic that also found associations between hypertension and severe COVID-19. Notably, the researchers found that conditions such as obesity and diabetes, risk factors identified early in the pandemic, were not as strongly associated with hospitalization during the Omicron surge. The hypertension risk, however, persisted. More research is needed to understand the biological processes that may cause more severe COVID-19 illness in people with hypertension, and how to reduce this risk.

“Uncovering why hypertension is linked to COVID-19 could help us better understand how SARS-CoV-2 affects the body and provide clearer targets for prevention and treatment,” said Cheng, the Erika J. Glazer Chair in Women’s Cardiovascular Health and Population Science at Cedars-Sinai.

Meanwhile, people with hypertension who develop COVID-19 should be aware of their heightened risk for hospitalization and talk to their physician about antiviral therapy, according to Ebinger.


Source: Cedars-Sinai

Charts: The ECB Raised Its 3 Key Interest Rates by 50bps in July 2022

The first increase since 2011, ending eight years of negative rates.

Source : Trading Economics

Chart: China Primary Care’s Share of Patients Shrank

China’s top-level hospitals have rapidly grown in number and patient volume, while the proportion of patients treated at primary health care clinics has continued to fall, according to data released by the National Health Commission (NHC) last week.

Tertiary-level hospitals — often equipped with the finest resources and served by the best doctors — have doubled in number from 1,624 to 3,275 in the decade from 2012 to 2021. Meanwhile, up to a million primary health care units in rural villages and urban communities are left treating a fraction of patients, despite accounting for almost 95% of all health facilities in the country.


Source : Caixin