Quote:
Originally Posted by asagaai
Not my view- what I perceived Professor Swan to be saying.
Just thought I would post the article which provides another perspective. I also do not agree that covid 19 is a mild or innocuous pandemic, but next year will be the acid test for our economy in terms of housing, homelessness, and business wind ups.
There are so many zombie companies that are insolvent and dead, but do not know it yet due to jobkeeper etc.
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It is all relative. No matter how some want it to sound like hemorrhagic fever, the reality is the disease itself is relatively innocuous, but highly contagious. The amount of infections make it dangerous, rather than the seriousness of the disease. Imagine 27000 cases of Ebola in Australia with a mortality rate close to 50%.