Links 7 September 2020

Global Macro / Markets / Investing:





Leith van Onselen
Latest posts by Leith van Onselen (see all)



    How do Australia and New Zealand re – engage with the world within a reasonable and realistic time … with their severe elimination and repetitive lockdowns approaches ?

    Sweden now has one of Europe’s lowest death rates … CNN

    Covid 19 coronavirus: Is Sweden’s strategy finally silencing the doubters? … UK Telegraph / NZ Herald

    • UNITED STATES … CDC says only 9,210 deaths caused solely by COVID 19 … Youtube
      … h/t PH …

      U.S CDC Update …

      … extract …


      Table 3 shows the types of health conditions and contributing causes mentioned in conjunction with deaths involving coronavirus disease 2019 (COVID-19). For 6% of the deaths, COVID-19 was the only cause mentioned. For deaths with conditions or causes in addition to COVID-19, on average, there were 2.6 additional conditions or causes per death. The number of deaths with each condition or cause is shown for all deaths and by age groups. For data on comorbidities … read more via hyperlink above …

      • That’s great then. As long as you’re not fat (one of the most common comorbidities) or have any other condition —diabetes, influenza, high blood pressure, clogged arteries (most people over 50 have this to a certain extent) — you’re good to go!

        Devil take the hindmost! Survival of the fittest! Wheeee!

    • Covid 19 coronavirus: Is Sweden’s strategy finally silencing the doubters?

      Let’s revisit this during their winter, m’kay? 🙄

    • Gee, the Peak Oilers are coming out of the woodwork again!

      The peak oil theory was proved wrong the first time round, simply because the US started fracking oil. Now that their tight oil is peaking (some say), the cry of peak oil is heard again. Of course this ignores the fact that there are gigantic oil reserves in the same tight locations all over the world, most of which have not been subjected to the intensive horizontal drilling and fracking that was used in the US in the last decade or so.

      Peak Oil, which I would welcome, is still a LONG way off. In fact we are going to end up leaving a lot of oil in the ground, if we want to have any chance of surviving on this planet (not an exaggeration).


      Calm the farm. Get back to me when people are being shot in the street, or neglected in custody. Democracy, In many forms, has survived countless wars, coups, the Pinkertons, genocides, pandemics even. Some guy getting gently arrested in the street for being a porkchop does not signal the “end of democracy”.

      Furthermore, fancy attempting to use your children as human sheilds as you pop out to break the law. Same as that preggo woman last week who “didn’t know” (6-months in to a global pandemic) that inciting protests was against the law and didn’t want to get arrested “in front of her children”.

      As an aside to her case. What health system was she planning on using to have her afternoon ultrasound and have her baby delivered? The same one she’d hope to put under pressure?

      They’re breeding which is concerning.

      • Well put. The number of ‘their’ and ‘there’ meaning ‘they’re’ etc on the FB commentary says it all.

        Bunch of ignorant, illeducated, entitled fw’s

      • Oh yes and Im sure she’s contributing a lot less keeping the health system afloat than the 90 year old in aged care that might or might not die if a virus, even UTIs, runs rampant in the facility.

        Yeah, she’s the problem and if it was Sir Jo invoking incitement you’d clap along?


          Point taken Mig re: old people. While i appreciate the virus kills mostly the old and “unhealthy”, i think focusing in on that fact ignores the wider health and systemic issues posed by it’s uncontrolled spread. But my issue here lies elsewhere.

          If she (pregnant woman) was presenting a nuanced argument re:lockdowns i wouldn’t have an issue. Ie. One can have a debate about whether Sweden’s approach (which still involves restrictions, masks and social distancing) is better or not, that’s certainly within the realm of reasoned discourse. At least we agree there is a major global health issue (which there VERY clearly is) and can argue in that framework.

          If your argument is “it’s all fake. masks are so the communists can control you, social distancing is a hoax, 5G, microchips, Bill Gates pedo ring, chemtrails,” ect…My view is, if you plan to act on these beliefs (like starting related protests), at some point reality is going to hit you in the face. And if it means you’ll be escorted to the copshop while they take your name and number and giving you a ticket – I reckon that’s a pretty gentle way for reality to check in.


            Well yes that is inconvenient to my line of arguing if true.. Just don’t like the “systemic/police brutality” type shtick unless it’s warranted. Something about crying wolf. I dunno I’m tired

  2. The Atlantic’s editor-in-chief says his story about Trump calling vets ‘losers’ is just the beginning

    New York (CNN Business)Jeffrey Goldberg, editor-in-chief of The Atlantic, said his magazine’s story about Trump calling Americans who died in battle “losers” and “suckers,” was just the tip of the iceberg.

    “I would fully expect more reporting to come out about this and more confirmation and new pieces of information in the coming days and weeks,” Goldberg told CNN’s Chief Media Correspondent Brian Stelter on “Reliable Sources” Sunday. “We have a responsibility and we’re going to do it regardless of what he says.”

  3. John Mauldin challenges US Federal Reserve policy, saying it has been at the very epicenter of some major problems … Interest Co NZ

    By John Mauldin*

    One little-noted aspect of central bank policy is how rarely “policy” happens. Officials at the Federal Reserve and elsewhere long ago learned how to achieve their goals without actually doing anything. Creating perceptions is often enough to modify people’s behavior. … read more via hyperlink above …