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Coronavirus has not magically disappeared or become less...

  1. 184 Posts.
    lightbulb Created with Sketch. 81
    Coronavirus has not magically disappeared or become less contagious. Just slowed down cause everyone and the economy has come to a grinding halt by staying at home.

    Put it in perspective mate. Internal borders were closed when there was around 2400 cases (less in some states). In a few weeks time, even with slowing of the curve, there will most likely be somewhere around 10,000 cases in Australia (or more). How can the government say that is a better time to open up the internal borders again? There will be significantly more active cases, it is still just as contagious and we are moving towards winter? A guaranteed way to spike the numbers and put pressure on the hospitals.

    Im not a pessimistic person but unfortunately I can’t see internal borders opening any time soon.

    The share markets is currently getting taken over by uneducated punters that usually use their Sportsbet accounts for a punt. At the start of the year the ASX was overpriced and forward thinking. The current losses due coronavirus probably just made it fair value. The looming recession, high unemployment, excessive government/corporate debt and continual threat of coronavirus spikes - isn’t yet priced in.
 
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