Australian (ASX) Stock Market Forum

Coronavirus (COVID-19/SARS-CoV-2) outbreak discussion

Will the "Corona Virus" turn into a worldwide epidemic or fizzle out?

  • Yes

    Votes: 37 49.3%
  • No

    Votes: 9 12.0%
  • Bigger than SARS, but not worldwide epidemic (Black Death/bubonic plague)

    Votes: 25 33.3%
  • Undecided

    Votes: 4 5.3%

  • Total voters
    75
I suspect that Flu deaths will be down this year as the people dying from CV are the same group who die with the flu and unfortunately, many of those will already be dead.

Flu cases should be down anyway if people follow the precautions and keep away from infections as well as getting their shots.
 
Excellent analysis on COVID19 and comparison to other flues.
The picture is more nuanced than some people want to say.

Coronavirus: How deadly and contagious is this COVID-19 pandemic?
Coronavirus isn't the first pandemic to sweep the globe in recent years. Epidemics like bird flu, Ebola, SARS and swine flu are still fresh in our memories.

So how does COVID-19, the disease caused by coronavirus, compare? And what sets it apart from the flu seasons we face each winter?
Here's how Dr Norman Swan, host of the ABC's Coronacast, explains it:
https://www.abc.net.au/news/2020-03-22/covid-19-how-deadly-and-contagious-is-coronavirus/12068106
 
So what are the industries likely to do well out of this or in the future ?

All sorts of online activities might be one area, online training courses, online gaming, online shopping, obviously online school and university courses and maybe there could be an open online university or TAFE for people stuck at home who might like to learn something new instead of watching Big Bang Theory all day.

The human race has a great ability to adapt to adversity, and with technology that was not available in the Great Depression we should be able to make the best of a bad situation.
 
I see that the Tasmanian state government has now acquired a university student accommodation building, which was originally built as a hotel, for what is stated to be quarantine purposes.

https://www.themercury.com.au/news/...e/news-story/08c75dc55fdbd2716a12f5f02eeca9c6

This building is located on the edge of the Hobart CBD one block from the Royal Hobart Hospital.

Presumably we'll see similar moves in other states shortly.
 
Looking at some data for Australia (only) there seems to be something interesting going on:

NSW: 533 infections, 6 deaths, 4 recovered, 523 active.
Vic: 296 infections, 0 deaths, 70 recovered, 226 active.
Qld: 221 infections, 0 deaths, 8 recovered, 213 active.
WA: 120 infections, 1 death, 0 recovered, 119 active.
SA: 100 infections, 0 deaths, 3 recovered, 97 active.
Tas: 22 infections, 0 deaths, 3 recovered, 19 active.
ACT: 19 infections, 0 deaths, 0 recovered, 19 active.
NT: 3 infections, 0 deaths, 0 recovered, 3 active.

What is Victoria doing that other states aren't?

The 24% recovery rate in Victoria is in stark contrast to a less than 1% recovery rate in NSW and below 4% in Queensland.

I'll avoid comparing with the other states since a smaller number of cases may skew the results but it's hard to ignore that difference in Vic versus NSW especially.

What are they doing that, it seems, everyone else ought to be doing too?
 
I see that the Tasmanian state government has now acquired a university student accommodation building, which was originally built as a hotel, for what is stated to be quarantine purposes.

https://www.themercury.com.au/news/...e/news-story/08c75dc55fdbd2716a12f5f02eeca9c6

This building is located on the edge of the Hobart CBD one block from the Royal Hobart Hospital.

Presumably we'll see similar moves in other states shortly.
Probably an opportune time for the public, to email their MP if they know of any large commercial building that are not being used in their area.
It might be of no value, but at least the authorities will be aware of its presence.
 
Yikes!! Suspended the footy!!
Things must be really, really, really serious, for such a drastic action to be deemed necessary!!!
Feel for the AFLW womens comp. Four clubs got to the Prelim finals round, and wham, season over, no premiership flag to be awarded.
 
Lettuce prices rocket (!) as fresh food supplies are depleted.
https://www.abc.net.au/news/2020-03...uying-sees-fresh-produce-price-hikes/12078198
It looks like a war time rationing system might be needed.
Start printing your ration books now.
The large supermarket chains have not covered themselves in glory during this crisis. Very reactionary, only shutting the gate after the horse had already bolted. Oh the shelves are bare, we better put out a media release or something, and have purchase limits or something. Not the fault of the local staff, it goes up the chain to management.

The black market syndicates have done very nicely. Plenty of items following the baby formula along the Daigou trail I'll bet.

Asleep at the wheel early on, but not as egregiously as the NSW Health Minister. The only port in the world where a cruise ship can pull up and offload a vessel full of wheezing passengers? Circular Quay in Sydney. Nice one Minister "Health" Hazzard.
 
Probably an opportune time for the public, to email their MP if they know of any large commercial building that are not being used in their area.
It might be of no value, but at least the authorities will be aware of its presence.

I'll be reminding my MP of this one, but she should already know as it is in her electorate. There is a brand new large hotel in Subiaco WA (was called the Park Regis) that is completed but never opened. It is one with a controversial history. The builder went bankrupt about 2 years ago when it was just a few months from completion. The administrators sealed the building up overnight not giving a damn about all the sub-contractor's tools and equipment that were locked inside, preventing them from making a living elsewhere. The subbies broke down the fence and got their tools out (not just drills and things, but cherry pickers and diggers), while the police thankfully stayed back. It then went through some ownership change with the new owner writing a contract that meant that they were not responsible for the unpaid subbies contracts. It remained idle for months but eventually building resumed and it was finally completed about 4 months ago. When just a few weeks from opening, the hotel manager (Park Regis or whoever is behind them) pulled out of their contract to manage the hotel. Apparently the original contract had a clause allowing them to do so if certain conditions were not met, such as completion time. They probably activated that get out clause as market conditions had changed dramatically since this project was first started quite a few years back (Subiaco Oval has since closed and there are tens of businesses in Subiaco that have closed). So it is sitting there today, fully completed and furnished, but completely empty. It is also a short drive from several major hospitals that are in the Subiaco/Nedlands area,
 
Not the right thread, but there isn't really one, so it will do.
Our grandson developed a fever and went with mum to the doctors first thing this morning. They were referred to the fever clinic, but had to wait until it opened at 10am.
For whatever reason - not really clear on why - he was not tested but instead referred to "emergency," where they have since been waiting for almost 3 hours. We were not happy with the referral to emergency as they are waiting there with a lot of other sick people, possibly waiting to be tested for COVID-19.
As a result, we can no longer do the child minding we look forward to several times a week just in case mum or grandson might become asymptomatic carriers.
It's quite farcical that over 5 hours later our grandson and mum are still waiting, having been palmed off by 2 levels of health services.
 
Not the right thread, but there isn't really one, so it will do.
Our grandson developed a fever and went with mum to the doctors first thing this morning. They were referred to the fever clinic, but had to wait until it opened at 10am.
For whatever reason - not really clear on why - he was not tested but instead referred to "emergency," where they have since been waiting for almost 3 hours. We were not happy with the referral to emergency as they are waiting there with a lot of other sick people, possibly waiting to be tested for COVID-19.
As a result, we can no longer do the child minding we look forward to several times a week just in case mum or grandson might become asymptomatic carriers.
It's quite farcical that over 5 hours later our grandson and mum are still waiting, having been palmed off by 2 levels of health services.
Trust all will work out for you and family rederob. I appreciate the angst this time is giving all of us, we too are out of the grandkids contact which was a large part of our weekly life.You current experience is why all need to be so vigilant.
We are in lockdown. not even shopping beyond once a week and only at our local store (and probably not even then). if we miss out on something then bad luck, eat, do or use something else, till the kids or community can assist. All the best.
 
I'll be reminding my MP of this one, but she should already know as it is in her electorate. There is a brand new large hotel in Subiaco WA (was called the Park Regis) that is completed but never opened.,

I emailed my local MP, there is an empty Bunnings warehouse near us, give it a high pressure wash out chuck in some open plan walls bingo. It all depends how desperate things become IMO
 
For whatever reason - not really clear on why - he was not tested but instead referred to "emergency," where they have since been waiting for almost 3 hours. We were not happy with the referral to emergency as they are waiting there with a lot of other sick people, possibly waiting to be tested for COVID-19.
Sorry to hear of your situation. It's not good but unfortunately seems to be the standard approach. :(

My understanding is that there's a lack of tests available, as in there's a lack of the required physical materials, hence they're effectively being rationed out.

Officially there's 1314 infections in Australia but reality is that some are asymptomatic and even of those who do have symptoms most aren't being tested. Those with mild symptoms may not seek testing and even if they do they quite likely won't actually be tested.

The true number of infections is anyone's guess but realistically it would be very much higher than the official figure for those reasons. :2twocents
 
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