FrankJ
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According to Lagarde, they (higher interest rates) are aimed at bringing inflation back to “reasonable levels so the cost of living isn’t as high as it is for people.
Imagine being the President of the EU Central Bank and not understanding how inflation works. In case you’re reading Lagarde: A lower inflation rate will not bring down cost of living for people. It will simply make it increase at a lower pace.
FrankJParticipantGermany Announces €65 Billion Inflation Relief Package Amid Energy Crisis (F24)
I’m suffering from morbid obesity, but from this day Im starting a 10.000KCal/day obesity relief diet.
FrankJParticipantWe need a system that causes proactive consequences for politicians from the policies they want to enact. If they want to drop meat-supply by a third, then they will have to restrict their meat-consumption to two-thirds of the median consumption for at least three months first.
FrankJParticipantMy guess is this will end with a military coup once ukrainian military casualties reaches a sufficient threshold. Then Zelensky will either go to the US and become Juan Guaido the second. If he’s not welcome in the US he’ll try his luck in Georgia and probably end up sharing a cell with Mikhail Saakashvili.
FrankJParticipantAnother update from Norway:
1. The Prime minister and the minster of health have had a press release and finally announced real measures starting immediately lasting at least two weeks. Among them are closing all kindergartens and schools. Which means most parents will stay home too.
2. First Norwegian dead. An elderly person.
It’s still worrisome that they are saying they expect 2.2 million infected and one third of that will get symptoms and only 5.500 will need intensive care. That’s just 0.25%. Seems obvious they’re fudging the numbers to fit what they think we’ll be able to deal with.
FrankJParticipantFrank,
Testing may look good in Norway, but zero deaths for 707 cases, not so much. Plus, this from Worldometer just now:Hi Raul.
I think the reason for no deaths so far is that it still only two weeks since the first confirmed case in Norway. And most of the early ones are skiers, so they are relatively healthy people. The last i’ve heard is that there are 10 infected in hospitals and 1 in Intensive care, but I can’t confirm if that is true since I just heard it on a messageboard. The deaths will probably start poping up soon though.FrankJParticipantAs you probably know there is a very high rate of confirmed infections in Norway, and as a Norwegian I’d like to shed some light on the situation in my country. . One reason for it is of course the same as everywhere: The authorities are downplaying the risk in hope of saving the economy. I think that is even more pronounced in Norway where we’ve been hit with a double whammy because of the collapsing oil-price. But other than that I think there are two main reasons for the high rate in Norway.
1. Lots of tourism to Italy.
Most Norwegian had their winter-vacation in the period from 17. – 28. February. Since this has been the warmest year on record in Norway there has been almost no snow here. There are a lot of people into skiing in Norway so we’ve had a massive number of people going to Northern-Italy to go skiing. There was no effort to stop or even advice against this. This is probably the reason for the high rate in Sweden too, while Denmark has probably gotten their infections from Norway and Sweden.2. Testing.
Yesterday The health authorities stated that we have tested more than 8.000 people in Norway. That amounts to 1.500 tests per million capita which is a bit reassuring at least. -
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