NEW DAY, NEW RULES

Around the world, countries are making up new rules as they go along as they struggle to undo the financial distress and erupting social chaos caused by shutting down their economies and ordering people to stay at home.

In the German city of Stuttgart, officials allowed a planned protest against shutdown restrictions to occur last Saturday, so long as demonstrators wore masks on public transportation and maintained social distancing.

Last week, about 500 demonstrators showed up; this past Saturday, there were about 5,000.

In Berlin, where police had approved only two protests allowing only up to 20 people to attend, some several hundred protesters gathered.

The previous weekend, more than 100 were arrested as police in Berlin confronted people throwing bottle at them during a demonstration. This Saturday, over 200 were arrested.

Tempers flared during protests against government restrictions in Munich and Cologne, which saw journalists covering the events being attacked by demonstrators accusing them of spreading panic.

In Italy, one of Europe’s most locked-down nations, some travel restrictions are being lifted, and, on Monday, bars, restaurants, hairdressers, and other shops will open up, but with strict restrictions. Group gatherings remain banned.

TREND FORECAST: Economies will not bounce back. Germany, the economic powerhouse of Europe, saw its economy decline in the last quarter of 2019 and fall by 2.2 percent in the first three months of this year, pushing it into recession.

 

Italy fared worse, falling 4.7 percent, and lockdown France was down 5.8 percent in the last quarter. Overall for the Eurozone, the GDP fell 3.8 percent in the January-to-March first quarter.

 

Considering the draconian lockdown rules began in March, the next quarter GDP decline will be much deeper.

 

And, the further economies decline, the higher the levels of protest and civil unrest. There will strong growth in nationalistic movements and more calls to break from both the EU and the euro.

 

3 Comments
  1. Craig Bradley 2 months ago

    DOWN BUT NOT OUT

    As a California Resident (SoCAL), I did my patriotic duty today: Went to a (closed) salon and got my hair cut by the owner and did not wear a mask ! Paid in cash under-the-table, cutting-out the State of California sales tax collectors too. Its my passive way of screwing the State. I guess this all makes me appear non-regulatory. American’s never really liked or tolerated Prohibition in the 1920’s and early1930’s, even though it was a much tougher Federal Law ( Volstead Act of 1919 ).

    Well, its NOT a statutory criminal offense to not wear a mask and the police do not enforce it either. As time goes on, more people (consumers and businesses alike) need to adapt and change the way they go about business. Just because the State orders you locked-down does not necessarily mean you have to actually be frozen. There are ways around the restrictions, but you have to change the way you do business or you will fail.

    Americans really need to “stand their ground” and small business owners in particular need to be willing to take-on some extra risks inorder to survive post Covid-19. Its possible to win the Covid-19 War if you are duplicitous towards the authorities.

    • onlyme 2 months ago

      Great for you – ignoring them is the best medicine. Other than some places being closed I never saw much change here in Florida on a personal level.

    • Jay Jericho 2 months ago

      Good on your Craig. Nice one. Fake news are now peddling the Coronavirus Mutation Mach 111 or whatever they are up to. They have noticed that Covid-19 false flag exaggerated fatigue has settled in. So they are hoping that the mutant strain crap will reinvigorate their fear porn fake news.

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