Morbidity curve! Or why Australia is headed for a virus double-spike

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Via FTAlphaville:

BCA has a note out Tuesday reminding investors that the Covid-19 numbers that really matter are the morbidity rates, not the mortality rates.

This is because “without a vaccine, the total area underneath the morbidity curve is fixed”. 

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
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