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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (8936)	7/4/2022 3:11:40 AM
From: Maurice Winn	1 Recommendation Recommended By 3bar Read Replies (1) \| Respond to of 13801

Generally true but you got this wrong. in pursuit of doomed* Zero Covid policy.* In fact the original birder closure was to flatten the curve. After a few weeks they realised they could kill covid right off. We enjoyed nearly continuous freedom within NZ. Hoping for vaccinations to be available. When vaccines were available the population went fast to get to 90% vaccination, successfully. Then covid got in again. Then omicron. After omicron went wild with about a third of the population being infected they started reopening. Total deaths not even 2000 out of 5 million = an excellent result. So the border closure worked great. But the cost was about NZ$200 billion. Without any restrictions at all about 10,000 or 20,000 would have died = $2 million per life. That was a bad deal because the elderly and sick lives lost were not worth that much. About 70% of the dead would have been over 70 years old and half over 80. We don't spend that much to extend life a few more years. So the net economic cost gave a very bad return on investment. But there would have been $50 billion in losses anyway because other countries stopped travel even if NZ remained open the whole time so the huge tourism income would have been lost for a couple of years. Omicron is fizzling fast with only about 20 a day early deaths, nearly all in the over 70 and especially over 80 ages, with comorbities. Life is pretty much back to normal. I still haven't been challenged by covid and hope to escape. I'm unvaxxed still and the risks of vax still exceed the value as far as I can tell, but the government keeps data secret so good evaluation of risk is unavailable. Nearly all those dying are vaxxed. Mqurice