Updating data on comparatives between Sweden (the ‘natural experiment’ for ‘Covid19 is just a flu’ crowd, albeit the pandemic was not treated as such in the country itself) and the Nordics.
The balance between QE and Treasury supply will begin to shift in July. The underlying bid it has provided for stocks and Treasuries will begin to fade.
This report tells why, and what to look for in the data and the markets. GO TO THE POST
Note: I define three groups of ‘Nordics’ by composition.
First, for completeness: case counts:
The above is self-explanatory, but open to arguments concerning diagnostics and tests accuracy. Hence, let’s take a look at deaths counts, which are much harder to ‘fudge’ for the ‘Covid19 is a flu’ crowd:
In simple terms, Sweden’s policy approach to the pandemic, as contrasted by other Nordics, has resulted in
- 6,137 deaths in excess of Nordics 3 group (Finland, Norway, Estonia, Iceland, the Netherlands and Denmark)
- 11,219 more deaths than (population-comparable) Nordics 2 group (Finland, Norway, Estonia, Iceland), and
- 12,512 deaths in excess of Nordics 1 group (Finland and Norway).
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