The stock market was celebrating this morning. Within mins of these releases it crashed ... What happened here?
It's just words.
Millions and millions of people living in absolute misery in China. They won't let it go. It's such a travesty.
They certainly aren't going to let it rip, so while the Big White madness may tone back they are going to need to dial up social distancing and other restrictions to slow the spread very significantly and for a long period of time while they vaccinate the elderly and build up some health care capacity.
Having built a huge narrative around the decadent west and a million dead Americans they can't afford to let exiting zero be anywhere near as much of a shitshow as it was here. Nevertheless I suspect it probably will be.
Overall the economy has a lot of headwinds to face before anything like normality returns. Seems like a 6-9 month journey to me.
NYT has a piece explainibg some of the changes..
https://archive.is/w5fcj
Better make sure all those censors are vaccinated and hire a few extra... when the body count rises they are going to need them!