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Re-Opening Narratives Too Short-Term — Brian Romanchuk

Summary:
As expected, the internet and media is being flooded with re-opening stories, contrasting and comparing the situation in different countries or American states.... From the economic debate perspective, it is way too early to draw any conclusions.... Observed cases will follow with a considerable lag after the essentially random spreading incidents. We will not be able to draw any conclusions about the effects of policy changes (which only have a limited relationship to actual behaviour), given this uncertainty.... When freedom intersects with responsibility.It doesn't take too many irresponsible people to have a magnified effect under pandemic conditions given a high reproduction rate of a contagious disease, as reflected in the colloquial expression, "going viral."As I said from the

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As expected, the internet and media is being flooded with re-opening stories, contrasting and comparing the situation in different countries or American states....
From the economic debate perspective, it is way too early to draw any conclusions....
Observed cases will follow with a considerable lag after the essentially random spreading incidents. We will not be able to draw any conclusions about the effects of policy changes (which only have a limited relationship to actual behaviour), given this uncertainty....
When freedom intersects with responsibility.

It doesn't take too many irresponsible people to have a magnified effect under pandemic conditions given a high reproduction rate of a contagious disease, as reflected in the colloquial expression, "going viral."

As I said from the outset, liberal cultures are going to have a more difficult time controlling the epidemic than traditional cultures.

Bond Economics
Re-Opening Narratives Too Short-Term
Brian Romanchuk

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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