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Old Apr 1, 2020, 1:57 am
  #46  
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And in other news, even though Sweden has some of the fewest restrictions in Europe, the economy is already being hit very hard:

https://www.svt.se/nyheter/inrikes/a...ar-bara-borjan

There's a 123 percent increase in bankruptices among hotels and restaurants, and an increase of 105 percent among businesses in the transportation sector. And because most factories don't have any customers, we will soon see bankruptices also among truck companies. And when they go bankrupt, deliveries of groceries will start to suffer. Maybe I should buy some toilet paper ...

– Det är oväntat att det kommer sĺ fort tycker jag. Det brukar ta tid innan konkurser kommer men här är det smack pĺ i restaurangerna, det händer med en gĺng. Det är oroväckande, säger Richard Damberg, ekonom pĺ UC.
Translation: "It's unexpected that it's happening so fast, I think. It usually takes time before bankruptices come, but this is smack on in the restaurants, it's happening immediately. That is worrying," says Richard Damberg, economist with the UC.
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Old Apr 1, 2020, 2:09 am
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Originally Posted by CPH-Flyer
Yes, the uncouth usage of the term in the US has not entirely escaped me.

Don't get that reference....
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Old Apr 1, 2020, 2:24 am
  #48  
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Jřrgen Karlsen, a physicist and former director of research, argues in NRK that the government should make use of face masks compulsory:

https://www.nrk.no/ytring/munnbind-m...udt-1.14951050

The WHO has claimed that the virus only transmits via big drops that immediately fall to the ground, but a recent study in the New England Journey of Medicine claims that the virus does indeed transmit via aerosols, or small drops that remain in the air for a long time.

Basically all of Europe have based their recommendations on the WHO claim, but Asian countries like China, Taiwan, Korea and Singapore have managed to curb the spread, and one of the most efficient means have reportedly been the use of face masks. An Australian study showed a 75% decrease in transmitting the disease when using face masks.

If he's right, it basically means that all of Europe are doing it wrong. A simple and cheap thing like a face mask could give far better results than a costly shutting down of the economy.
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Old Apr 1, 2020, 2:37 am
  #49  
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Originally Posted by RedChili
And in other news, even though Sweden has some of the fewest restrictions in Europe, the economy is already being hit very hard:

https://www.svt.se/nyheter/inrikes/a...ar-bara-borjan

There's a 123 percent increase in bankruptices among hotels and restaurants, and an increase of 105 percent among businesses in the transportation sector. And because most factories don't have any customers, we will soon see bankruptices also among truck companies. And when they go bankrupt, deliveries of groceries will start to suffer. Maybe I should buy some toilet paper ...



Translation: "It's unexpected that it's happening so fast, I think. It usually takes time before bankruptices come, but this is smack on in the restaurants, it's happening immediately. That is worrying," says Richard Damberg, economist with the UC.
I don’t find it unexpected. Swedish households and companies have a habit of being thin on unencumbered, liquid assets even at the best of times, so of course a major and sudden drop in revenue hits hard and wipes them out quickly. And the government bailout package doesn’t do most such businesses any good. If they had put in place a US-style bankruptcy code, then it would be a different story in parts.

The corporate/business-handling lawyers seem to be as busy as usual ... if not more so due to what is going on at this time. Whether or not they are able to collect as much on their invoices as is typical is to be seen ... but I would expect invoice-to-payment/collection time to get longer and non-performing receivables on those invoices to become a growing problem too.

Liquidation specialists are in for some boom times.

I am curious to see what is going on with the Swedish pawn shops and the market for used cars.
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Old Apr 1, 2020, 5:37 am
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Originally Posted by GUWonder
II am curious to see what is going on with the Swedish pawn shops and the market for used cars.
I was at the Porsche dealership last week and offered them $30,000 for a new Taycan since they must be hurting financially. They turned me down...
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Old Apr 1, 2020, 6:51 am
  #51  
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Did the car salesperson say: “I feel your pain”? Was there comfort food at home to help with the separation anxiety after the no-money-down test drive ended with no new car ..... and maybe not even a used car?

This virus’ death count in Sweden has now exceeded 239. It came a couple of days sooner and harder than expected by many.

I’ll try to clear some of my PMs in a day or three.
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Old Apr 1, 2020, 10:26 am
  #52  
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Moderator note

Initial posts in this thread have been split off from The Eurobonus Forum Kafé. However, since the discussion is no longer related to SAS | EuroBonus it has been moved to the destination forum (Nordic Region) where country-specific threads on Coronavirus may be found.


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Old Apr 1, 2020, 3:57 pm
  #53  
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So, until today, the number of dead people for each Nordic country is (death toll taken from worldometers.info, 2018 population estimate taken from Wikipedia):

Sweden 23.18 pm (239)
Denmark 17.9 pm (104)
Norway 8.19 pm (44)
Iceland 5.81 pm (2)
Finland 3.07 pm (17)

So, Sweden is a bit higher than Denmark, and quite much higher than Norway, Iceland and Finland. I've seen people in social media blame this on the relatively lax Swedish restrictions. My personal take is that this is not the case. The reason why I don't think so is that all the people that have died from covid-19 in the Nordic countries so far were presumably infected before any Nordic country introduced any restrictions. My belief is that there's a number of other reasons why we would expect to see higher figures in Sweden at this point in time:

1. Covid-19 came to Sweden quite early (confirmed dates: Finland 28/1, Sweden 30/1, Norway 25/2, Denmark 26/2, Iceland 27/2).
2. The first death took place in Sweden on 11/3, Norway 12/3, Denmark 14/3, Iceland 17/3, Finland 21/3. (Quite interesting that Finland had the first confirmed infection, but the last confirmed death.)
3. We know from both Sweden and Norway that the virus has hit the immigrant population harder than the locals, presumably because they have a more intimate social lifestyle. Sweden, with a larger immigrant population, will presumably also see a higher death count because of this. Finland and Iceland, on the other hand, have extremely small immigrant populations.
4. More Swedes visited the Italian hotspots in the initial phase of the pandemic.
5. The ten largest urban areas in the Nordics are (Wikipedia): Stockholm, Copenhagen, Oslo, Helsinki, Gothenburg, Malmo, Bergen, Tampere, Aarhus, Stavanger. The total population of these ten urban areas are: Sweden 4,094,868, Denmark 2,388,376, Norway 2,328,279, Finland 1,858,320, Iceland 0. So, Sweden has a much larger population than the other Nordic countries in big urban areas, where the virus spreads easily.
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Old Apr 1, 2020, 4:18 pm
  #54  
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Originally Posted by RedChili
I don't think that skolplikt has so much to do with it. Most young kids go to schools that are close to their homes (at least my kids do) and don't need buses, they walk or take a bike. Kids in high school (gymnas) usually need a bus to get to school, but those schools are closed right now. Kids in classes F-9 usually don't take the bus anyway.
Skolplikt forces schools to remain open and some schools put pressure onto parents via threatening letters to phone call every other day. The school has the duty to report parents who don't send their kids to school and those warning letters are not exactly nice to receive. I maybe wrong, I read that social minister (whoever) said that if kids are not at school they are exposed to violent. Almost all parents love their children and won't do things to them, the Ystad 5 kids case happened long before that and they did nothing.

You are lucky in Uppsala, in Malmo the situation is very different. A lot of children are sent to different part of the city to go to school by Malmo stad, maybe it's because they have no seat or something. That's also the case for dagis, and people are not happy about it. Malmo stad gives out free bus passes to the kids because they know they have inconvenienced them, as you might know some of the newer residential areas don't want cars so that parking is hopeless inside Malmo, so people are dependent on buses.

Another thing is international schools - I think there's a posh boarding one in Uppsala. The ones in Malmo and Lund are close to "some" students and the rest will have to go by car/bus. Normally it's not a problem but now it is kind of a problem - it creates demand for the bus drivers who can't even operate fully due to the virus. The link from TV2 also show that particular bus line going from a train station to Righospital (the one deals with coronavirus in Copenhagen) is overburdened.

Originally Posted by GUWonder
Sure, and that’s why driving demand down for public transit use at peak hours especially is critical. There are ways to alleviate the crowding and improve social distancing outcomes with public transit in Sweden, but the government is trying to do as little as possible to make sure it happens for this situation.

In other news, loads of Stockholmers have abandoned Stockholm to go to their cottages or wherever else they can settle in for a few weeks or longer. There are many more fully loading up at grocery stores in Skĺne. People who normally reside in the Hollviken-Ljunghusen-Falsterbo-Skanor area have even started to avoid certain grocery stores popular with Stockholmers and shifted to shopping in Svedala and places more off the beaten path instead.

Easter travel (or other) demand to go to Gotland at least seems to remain relatively strong.

SkiStar in Sweden has finally decided to close down all of its ski resort lifts as of Monday. It took them long enough.
SkiStar will still have all the businesses this weekend, school holidays starts Friday after school. I got an ad from a hotel nearby my home about their Easter staycation and lunch!

The Hollviken ones are the rich ones, I saw some Stockholmer arrived in the East Coast of Skane to their stugor.

Originally Posted by RedChili
And in other news, even though Sweden has some of the fewest restrictions in Europe, the economy is already being hit very hard:

https://www.svt.se/nyheter/inrikes/a...ar-bara-borjan

There's a 123 percent increase in bankruptices among hotels and restaurants, and an increase of 105 percent among businesses in the transportation sector. And because most factories don't have any customers, we will soon see bankruptices also among truck companies. And when they go bankrupt, deliveries of groceries will start to suffer. Maybe I should buy some toilet paper ...

Translation: "It's unexpected that it's happening so fast, I think. It usually takes time before bankruptices come, but this is smack on in the restaurants, it's happening immediately. That is worrying," says Richard Damberg, economist with the UC.
I hope the Swedish government knows what globalization is - nowadays the world is connected, even if Sweden is not shutting down there's still consequences. Some people encourage other to go out to support their local restaurants and shops - which totally against social distancing and if you tell them that you'll get attacked.

Originally Posted by JR67
I was at the Porsche dealership last week and offered them $30,000 for a new Taycan since they must be hurting financially. They turned me down...
Wait 2 weeks and try again but on the other hand there might be a huge demand for ready to drive cars since Porsche factory might not be operating now.
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Old Apr 1, 2020, 4:23 pm
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Originally Posted by RedChili
1. Covid-19 came to Sweden quite early (confirmed dates: Finland 28/1, Sweden 30/1, Norway 25/2, Denmark 26/2, Iceland 27/2).
2. The first death took place in Sweden on 11/3, Norway 12/3, Denmark 14/3, Iceland 17/3, Finland 21/3. (Quite interesting that Finland had the first confirmed infection, but the last confirmed death.)
The first case in Finland was a Chinese tourist, the number of infections started to rise only after winter holidays when Finns returned from Italy and Austria (and maybe some other countries were epidemic started earlier).
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Old Apr 1, 2020, 4:49 pm
  #56  
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The first case in Sweden was from Wuhan but it was caught and closed off without any obvious spread. Iran and then Italy were chronologically next for sources; and then Austria and then the US. The biggest injections in Sweden were the skiers who went to Italy and Austria, then way down the list those who went to the US or Iran. China was barely a blip here. i could say the early sources and spread in Sweden speaks volumes about many things in Sweden.

There is almost certainly more than one strain of this virus circulating among people.

Originally Posted by nacho
SkiStar will still have all the businesses this weekend, school holidays starts Friday after school. I got an ad from a hotel nearby my home about their Easter staycation and lunch!

The Hollviken ones are the rich ones, I saw some Stockholmer arrived in the East Coast of Skane to their stugor.



I hope the Swedish government knows what globalization is - nowadays the world is connected, even if Sweden is not shutting down there's still consequences. Some people encourage other to go out to support their local restaurants and shops - which totally against social distancing and if you tell them that you'll get attacked.
I think people are wanting to support the local restaurants and shops for take-out mainly, and a lot of it is because many of them will likely go bankrupt with no easy way to get back into business when there is very limited government assistance for the situation and the usual regime for business here is rigidly hostile to financially fragile businesses and failed entrepreneurs.

I had sort of forgotten that the school breaks start with Friday closing this week. SkiStar will now do refunds and a lot of families will probably bail out on skiing for 2-5 days when the original plan was for a full week or more. But some will definitely still pack in Are, Salen and maybe even Vemdalen.

Out toward Ystad and Osterlens has definitely been getting some of the Stockholmers too, but I don’t get invited out that way to cottages or even casually track short term rental markets out there. I have made it into Trelleborg once in the last several years, and even then I probably didn’t get out of the vehicle.

Last edited by GUWonder; Apr 1, 2020 at 5:16 pm
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Old Apr 1, 2020, 10:59 pm
  #57  
 
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The number of people treated in intensive care is 402. Even with some double counting and a few dead there's still a substantial part of the original ventilators occupied by COVID-19 patients. It's not like these units were idle before.

https://www.icuregswe.org/data--resu...-intensivvard/
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Old Apr 2, 2020, 5:11 am
  #58  
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Originally Posted by Fredrik74
The number of people treated in intensive care is 402. Even with some double counting and a few dead there's still a substantial part of the original ventilators occupied by COVID-19 patients. It's not like these units were idle before.

https://www.icuregswe.org/data--resu...-intensivvard/
That explains why some said that the healthcare capacity will be full by this weekend.
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Old Apr 2, 2020, 5:37 am
  #59  
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Originally Posted by Fredrik74
The number of people treated in intensive care is 402. Even with some double counting and a few dead there's still a substantial part of the original ventilators occupied by COVID-19 patients. It's not like these units were idle before.
Originally Posted by nacho
That explains why some said that the healthcare capacity will be full by this weekend.
Please note that this is an acumulated number. Right now it's 421. Recovered and deceased patients are not subtracted from this number. If we assume that the worldometers.info figures are correct (103 recovered and 239 deceased), we're left with 79 people in intensive care.
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Old Apr 2, 2020, 5:39 am
  #60  
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Originally Posted by RedChili
Please note that this is an acumulated number. Right now it's 421. Recovered and deceased patients are not subtracted from this number. If we assume that the worldometers.info figures are correct (103 recovered and 239 deceased), we're left with 79 people in intensive care.
If we trust worldometer then there are 393 critical cases right now.
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