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Pretty simple maths that eludes the lockdown fear mongers:
This seems obvious to me but nevertheless here are two charts via Nomura which suggest that **easing social distancing measures doesn’t automatically equate to an economic boost if it comes with more COVID cases** pic.twitter.com/cF47xxmJad
— Tracy Alloway (@tracyalloway) June 29, 2020
In short, the virus does the economic damage not the lockdowns.
This is why Australian borders should remain watertight shut to international students, temporary workers and all other migrant segments.
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It is not worth the risk.
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.