US reopens into Trump’s virus disaster

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It’s so horribly predictable. Six weeks ago Texas took the bit in its mouth way too early:

This Friday, Texas will start getting back to work. In an address this afternoon, Governor Greg Abbott announced that his “stay-at-home” order would expire as intended on April 30, 2020. After which he said, “We move forward to safely open Texas for business.”

That means that starting Friday, owners of restaurants, malls, movie theaters and all other retail in the Lone Star state will be cleared to get back to business—with the important proviso that they limit customer occupancy to just 25% of maximum. This is an occupancy rate to which many essential businesses have already been adhering.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.