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Jasmine Andersson – Why Sweden’s anti-lockdown strategy hasn’t worked as Covid-19 cases spike

Summary:
Since November, the country has been unable to ignore a significant spike in coronavirus cases“Don’t go to gyms, don’t go to libraries, don’t host dinners. Cancel.” These words of warning issued by Prime Minister of Sweden Stefan Löfven marked a dramatic change in the country’s response to the coronavirus pandemic.Previously, Sweden’s anti-lockdown strategy had been heralded as a victory for common sense by sceptics, with bars and restaurants open for business and people going about their normal lives, social distancing permitting.As the country’s hospitals reach capacity, all evidence suggests Sweden’s outlandish approach has failed.Why Sweden’s anti-lockdown strategy hasn’t worked as Covid-19 cases spike

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 Since November, the country has been unable to ignore a significant spike in coronavirus cases


“Don’t go to gyms, don’t go to libraries, don’t host dinners. Cancel.” These words of warning issued by Prime Minister of Sweden Stefan Löfven marked a dramatic change in the country’s response to the coronavirus pandemic.

Previously, Sweden’s anti-lockdown strategy had been heralded as a victory for common sense by sceptics, with bars and restaurants open for business and people going about their normal lives, social distancing permitting.

As the country’s hospitals reach capacity, all evidence suggests Sweden’s outlandish approach has failed.


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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