The Contrarian

“In the investment markets, what everyone knows is usually not worth knowing.”

Australia is Crazier than the U.S.

Could economic restrictions in the US get any worse than they are already? Without a doubt. Here’s a list of new restrictions that were recently implemented in the state of Victoria, in Australia. Within the entire country, there have only been a total of 247 COVID-19 deaths so far. Can you imagine having to live with these measures in place? How much further could it go? One can only hope that US politicians don’t take inspiration from Australia.


Australia’s Curfew

The state of Victoria, and the city of Melbourne, have declared a “state of disaster” and instituted a lockdown and curfew. The state’s 6.3 million inhabitants, nearly 5 million in the city, have to follow these restrictions:

Workplaces and shops that are not deemed essential will close or reduce their hours from Wednesday midnight but services such as supermarkets, petrol stations and doctors will remain open.

“Permitted” or essential workers will have to carry a special permit to work outside the home.

There is a nightly curfew in force: between the hours of 8pm and 5am you cannot leave home except for work or to get or provide urgent care.

You must stay within five kilometres of your home to shop or exercise.

If you leave the house to exercise, it should be for only one hour each day.

While up to two people can still exercise together, people should shop on their own – groups in public, even from the same household, are no longer allowed.

Schools will shift to remote learning except for vulnerable students and children of permitted workers.

Childcare centres will close to all but vulnerable children and those of essential workers.

Funerals can continue with a maximum of 10 people but weddings are off except for rare, compassionate reasons.

Since march, Australia has had 247 COVID-19 deaths, across the entire country. The median age of these deaths is over 80.