Norway has expressed increasing concern about the safety of the Pfizer Inc. vaccine on elderly people with serious underlying health conditions after raising their estimate of the number who died after receiving inoculations to 29.
In addition to the deaths, people have reported 96 life-threatening events following COVID-19 vaccinations, as well as 24 permanent disabilities, 225 hospitalizations, and 1,388 emergency room visits.
In the USA, 55 vaccine-related deaths would have been reported…
I wrote in my Global Macro Insight from the beginning that Pfizer and Moderna vaccines were created, produced, and validated too quickly. That Sanofi vaccine will not be ready before the end of the year, that Sinovac vaccine was only 50% efficient, both should ring the alarm bell in our head. I pointed out in several Global Macro Insight the danger of the current vaccine policies targeting first and only our elderlies, statistically increasing the risk of such events highlighted in this post.
Nobody has enough stand back regarding Pfizer and Moderna vaccines… The 3 top US banks boosted their earnings by cutting reserves for credit losses and governments are all-in on vaccines…
We could be in a corner very soon. We need medicines and new generation tests to save time and accompany new vaccines. In the end, vaccines were the main argument for populist governments to demonstrate their strength, dictating the timing of “miracle” vaccines, like Dues Ex Machina… But we are not in a movie and the Covid is dictating the timing to our economies and lives.
Let’s be crystal clear: We are not anti-vaccines! When mother nature is not happy, humility should be prevalent. The mistrust could increase, slowing down the vaccine campaigns. All-in strategies are dangerous when facing a pandemic or a natural catastroph.
On Friday we hedged all of our equity strategies and our GTO increased shorts.