The latest mobility data suggests it may now be more about depression economics than scamdemic fear. Walking is down only 7 percent in the United States, so people are out. Driving is up 10 percent from baseline.
Google tracking also confirms this.
Mobility trends for places like restaurants, cafes, shopping centers, theme parks, museums, libraries and movie theaters are down 30 percent.
At least the public has enough sense to make it to free-use parks, beaches, plazas, etc., which is up an impressive 32 percent. One could anticipate that the Crime Syndicate might devise a way of charging for civic space? Mobility trends for places of work is down 24 percent.
Air travel is still down a stunning 90 percent in the U.S.
Economic devastation is pervasive with any upticks looking more like dead cat bounces.
Except in Germany, Open Table reservations are mired. Two months into lockdowns, it is too late to save businesses from collapse. May 21 was Ascension holiday.
Time lapse video of Old Town Square in Prague, Czech Rep, shows a fraction of normal foot traffic. Indoor dining in restaurants returns Monday, so this will be a test. Some flights are coming in, but it’s spotty.
These videos can be checked in numerous locations as a real time non-cartoon world, non-Lugenpresse source.
Time lapse view at Little Chapel in Las Vegas, completely deserted.
Hotel booking in UK, complete sustained evisceration.
In the U.S., there have been 38.2 million unemployment claims in nine weeks.
“I hate to say it, but this is going to take longer and look grimmer than we thought,” Nicholas Bloom, an economist at Stanford University, said of the path to recovery. Mr. Bloom estimates 42 percent of recent layoffs will result in permanent job loss.
Total rail carloads for the week ending May 16 were 184,415, down 30.2 percent compared with the same week in 2019.
None of the 10-carload commodity groups posted an increase compared with the same week in 2019. Commodity groups that posted decreases compared with the same week in 2019 included coal, down 35,879 carloads, to 45,756; motor vehicles and parts, down 14,242 carloads, to 2,865; and metallic ores and metals, down 9,245 carloads, to 14,101.
The 30.2 percent decline in total U.S. carloads last week was the biggest year-over-year weekly decline for total carloads since 1988, when data begin. This should correlate closely with the drop in GDP in the real economy.
Stock market is completely divorced from the hard reality.
There has been a year’s worth of suicide attempts, in the last four weeks, according to a Bay Area, California, news report. Doctors at John Muir Medical Center in Walnut Creek say they have seen “more deaths by suicide during this quarantine period than deaths from the COVID-19 virus.”
Winter Watch Takeaway: The data points overwhelmingly and without silver lining to a global Great Depression now in play. This won’t relent without a 180 degree policy reversal of the draconian scamdemic policy of locking down healthy people. Even a policy reversal won’t mitigate the severe damage already caused by the criminals in charge.