Pete Wargent blogspot


'Must-read, must-follow, one of the best analysts in Australia' - Stephen Koukoulas, ex-Senior Economics Adviser to Prime Minister Gillard.

'One of Australia's brightest financial minds, must-follow for accurate & in-depth analysis' - David Scutt, Markets & Economics Editor, Sydney Morning Herald.

'I've been investing 40 years & still learn new concepts from Pete; one of the best commentators...and not just a theorist!' - Michael Yardney, Amazon #1 bestseller.

Wednesday, 8 April 2020

Australia is flattening the what?

New cases lowest in weeks

By 6.45pm today there were just 96 new confirmed cases of COVID-19 in Australia, representing another decent drop from 119 yesterday. 

Tasmania's figures aren't yet in, so the final count could yet nudge above 100.

Still, this could be the lowest figure in 22 days, which is fared better than anyone could have dared to hope at the end of March. 

The government will hold the line over the long Easter weekend, strongly encouraging people to stay at home and continue to flatten the curve. 

Some states and territories are now seeing such low results that at some point a 'soft reopening' of their local economies may soon be countenanced (albeit with the borders seemingly likely to remain closed).

Australia has now seen 50 deaths from COVID-19, largely amongst the elderly, while ICU cases fell from 93 to 86. 

It's clearly an important long weekend ahead, but it's been heartening to see further progress.