Economic implications of a SARS/Coronavirus outbreak

[Humid]

Obviously not you, but don't hold your breath, things may even bring high flying bogans like you down to earth IMO.
Interesting times, we can continue as China's #*tch or maybe take a hit, for a more sustainable first world future.

https://www.abc.net.au/news/2020-05-03/coronavirus-australia-china-difficult-times/12206730
From the article:
The attempt by these two billionaires and indeed other business leaders to force a foreign policy course correction from the Morrison Government may not be entirely surprising, but it is nonetheless a sign of the difficulty that lies ahead for the Prime Minister.

Stokes and Forrest are hardly alone among business leaders wanting to make peace with Beijing.

Self-interest may be at play here, but the uncomfortable truth for many Coalition backbenchers fuming at these business leaders is that Australia will need China in its economic recovery.

Scott Morrison points out it's a mutually beneficial relationship. China needs high quality iron ore and coal as much as Australia needs the revenue.

The problem on the Australian side is the over-reliance on one big trading partner. And for all the talk of Australia becoming more self-sufficient and diversifying its trade relationships, it's much easier said than done.

Wrong horse mate I work for BHP
So you vote for a mob to keep your franking credits and get shirty when they hand out a bit of welfare they you don’t get

 

[sptrawler]

Wrong horse mate I work for BHP
So you vote for a mob to keep your franking credits and get shirty when they hand out a bit of welfare they you don’t get

What does, they you don't get, mean?
As for handouts, I don't have a problem with that, you were the one that was getting all wet, thinking I was going to lose mine.
You are the one with the issue, not me.
As with silly Billy, you seem to have a unlikeable trait, of being smug about someone else's misfortune.
It didn't help his career, I hope it serves you better.

 

[Humid]

The thing is, no matter how much you hand out some people will complain, this is the first major downturn-recession that workers have received anything.
The age of entitlement is really kicking in, throw money at people and they come up with a reason why it should be more, rather than just being thankful they are actually getting something.
The 1980's and 1990's recession, if you lost your job it was tough $hit, grow a pair and get on with it.

You wrote this shlt

 

[sptrawler]

You wrote this shlt

Yes, in response to a quote by another member, that included.

"We're grateful for anything, but $450 per week doesn't cover the mortgage and car loans, so there's nothing left for food or any utility costs,"

https://www.aussiestockforums.com/t...oronavirus-outbreak.35169/reply?quote=1070830.

As I said, in the past their wasn't any Government handouts like is being done currently, so in reality most should be grateful.

If that is shlt, then it is you that has a problem.
Don't forget, you were getting hot and sweaty when you said, "silly Billy is going to bend me over a log"?

lucky you aren't an archbishop, or a newspaper would have been in touch with you.
By the way, i've lost most of my franking credits, because i've lost most of my dividends, so that should really get you wet.
So I am running down my savings and should be on a pension by the time I'm eligible, so all will be good.

 

[Humid]

No you SELF managed to do that by yourself

 

[sptrawler]

No you SELF managed to do that by yourself

Absolutely, I don't have an issue with that, I know a few friends who are in industry funds and ME Bank, that are passing razor blades.
I'm just safe guarding my franking credits, from future incursions, it is a lot of fun enjoying my money.
I was always careful, took the cheap option, now want it buy it, good fun.

 

[Humid]

I’ve never heard anything good about that bank only dramas from the few I know who use it
Maybe enjoy your money and stop worrying about everyone else’s

 

[sptrawler]

Maybe enjoy your money and stop worrying about everyone else’s

That's what I've been telling you for the last 12 months.

 

[basilio]

This is a real horror story highlighting the chancers who are just making up xhite to turn a buck during this crisis. Well worth a read.
Note the political connection to a current Federal Minister.

Australian firm under TGA investigation says it is making coronavirus tests, despite having no approval or expertise
Exclusive: Promedical Equipment, led by convicted rapist Neran de Silva, compares its actions to other businesses trying to assist in pandemic response

A tiny Brisbane company linked to coronavirus test scandals in Australia, Puerto Rico and the mainland United States says it is now attempting to fill international orders by manufacturing its own antibody tests, despite having no previous diagnostic experience and the tests being unsanctioned and unproven.

Promedical Equipment Pty Ltd – a company run by convicted rapist Neran de Silva – made a series of promises to deliver huge quantities of Covid-19 tests to governments across the world, initially on the basis that it was able to re-sell equipment from a reputable Chinese manufacturer.
https://www.theguardian.com/world/2...tests-despite-having-no-approval-or-expertise

 

[basilio]

It's worth visiting the Promedical website and asking yourself if this looks like a scam.

Honestly ? I don't think one could tell. It looks very professional and legit. But on the net no one knows if your a dog ...
https://www.promedical.com.au/

 

[basilio]

COVID 19 has exposed the dangers of the just-in-time economy. What happens to our economic engines when long supply lines simultaneously fail ?

Coronavirus pandemic exposes fatal flaws of the 'just-in-time' economy
https://www.abc.net.au/news/2020-05-02/coronavirus-pandemic-exposes-just-in-time-economy/12206776

 

[qldfrog]

led by convicted rapist Neran de Silva, compares its actions to other businesses trying to assist in pandemic response

A tiny Brisbane company linked to coronavirus test scandals in Australia, Puerto Rico and the mainland United States says it is now attempting to fill international orders by manufacturing its own antibody tests, despite having no previous diagnostic experience and the tests being unsanctioned and unproven.

Promedical Equipment Pty Ltd – a company run by convicted rapist Neran de Silva –

Twice in 3 paragraphs, In which world is it relevant? Being convicted mean he has been judged and sentenced...
Are you on the lynching mob Basilio? this attitude used to be caricature of the right wing: redemption anyone?
If he was managing a dancing school maybe, but here I would be more worried if he was convicted for fraud or scam...
I do not know this company/guy but we can see first hand the results of relying first hand on big certified organisation to respond to emergency, you know like WHO, UN or in europe the EU..plenty of legal and certified bodies full certifications and standards:
buying tests chemical from China to produce tests is not rocket science, and small companies are more agile.They (can) deliver

 

[basilio]

Twice in 3 paragraphs, In which world is it relevant? Being convicted mean he has been judged and sentenced...
Are you on the lynching mob Basilio? this attitude used to be caricature of the right wing: redemption anyone?
If he was managing a dancing school maybe, but here I would be more worried if he was convicted for fraud or scam...
I do not know this company/guy but we can see first hand the results of relying first hand on big certified organisation to respond to emergency, you know like WHO, UN or in europe the EU..plenty of legal and certified bodies full certifications and standards:
buying tests chemical from China to produce tests is not rocket science, and small companies are more agile.They (can) deliver

Did you actually read the full story Qfrog ? I didn't think so...

If you had you would have realised this company is up to its ears to investigations because of dodgy, NO - fraudulent dealings , with the US and Puerto Rico not to mention our authorities.
He is just full of xshite.

And trying to trash the UN and WHO and the EU into the process ? Not cool.

I have no problem with legitimate small companies delivering. I can tick off heaps of BIG companies that gouge and lie and misrepresent. But this is not such a creature.

 

[basilio]

I think the economic clouds will darken significantly when China decides on a response to Trumps slanderous accusations.

Not sure what will happen but I can see some economic confrontation between China/US that will further undermine a fragile US economy. That will certainly impact on Australia as well.

___________________

Lebanon has defaulted on its debt payments. Won't be last country to do this either as economies unravel.

Lebanon to default on debt payments for first time as crisis deepens

 

[qldfrog]

Are you going to play a rederob on me now, my point is that mention of rapist is not relevant.
You want to see money grabbing with the virus,,? yesterday news QUT being creative and adapting scuba breath apparatus into ventilator.
France has been using Decathlon scuba gear for months now
You will not have a quick medical answer to that virus relying on bloated organisations

 

[jbocker]

Not sure what will happen but I can see some economic confrontation between China/US that will further undermine a fragile US economy. That will certainly impact on Australia as well.

I don't see value in US reigniting a fight (with China) while it is trying to push its people out to work in a very unsafe environment. It stinks to me as a pure deflection of attention away from the fight they are losing with the virus. Australia has a LOT to lose, needs to be careful jumping in that ring. I would think we would be far better off spending the time looking for alternatives to China, lessen our exposure to that market. It is going to mean tightening our belts and really get working. Thankfully it looks like we will have a healthy environment to do that in. Keep our social distancing we don't time to catch even a minor sniffle (and it would be nice not to suffer the forgotten old flu too).

 

[qldfrog]

It seems light is at last shining on our PC and facts ignorant brains(see the people still musing with that wet market idea blaming poor pangolins) :https://www.brisbanetimes.com.au/na...-s-wuhan-lab-leak-theory-20200507-p54qyg.html
So once people realised COVID-19 escaped(hopefully by accident) from the Wuhan lab, we have 2 probable outcomes: demands for reparations from the millions of lives destroyed either to illness or for most economically by the responses.
Good luck with getting a cent from the Chinese government, or ever an admission of fault ; they are even pushing the blame now on the US and Europe wiping up the propaganda in the middle kingdom.
Eve if most of the western governments, Australia included want to ease the heat, the truth will be out and people will demand responses:
more trade war, tariff, boycott for the economic part+ sabre-rattling and war songs;
=>nickel has been called the war mineral, big US defence companies etc will benefit, be careful with our Chinese focused economy: iron/coal
I sadly expect racism and knee jerk reactions against the Asian community be they born here or not. Blame should be on the CCP

 

[qldfrog]

https://www.brisbanetimes.com.au/wo...ible-shutdown-in-october-20200510-p54rid.html
The truth drip fed to the masses, slowly slowly not to anger our master

 

[qldfrog]

Back to the economy here: unexpected:https://www.brisbanetimes.com.au/po...le-in-treasury-forecasts-20200509-p54rdl.html

 

[Knobby22]

Herd immunity is not the way to go. The Swedish experiment is failing and the USA one is going to be nasty. There is no way that their economy is going back to normal for years on this route and they will be looking jealously at Australia and NZ before too long. We need a treatment before this route is considered.

Seriously carefully read the following from the John Hopkins University of Medicine, one of the USA's premier medical research universities.

https://coronavirus.jhu.edu/from-our-experts/early-herd-immunity-against-covid-19-a-dangerous-misconception

We have listened with concern to voices erroneously suggesting that herd immunity may “soon slow the spread”1 of COVID-19. For example, Rush Limbaugh recently claimed that “herd immunity has occurred in California.” As infectious disease epidemiologists, we wish to state clearly that herd immunity against COVID-19 will not be achieved at a population level in 2020, barring a public health catastrophe.

Although more than 2.5 million confirmed cases of COVID-19 have been reported worldwide, studies suggest that (as of early April 2020) no more than 2-4% of any country’s population has been infected with SARS-CoV-2 (the coronavirus that causes COVID-19). Even in hotspots like New York City that have been hit hardest by the pandemic, initial studies suggest that perhaps 15-21% of people have been exposed so far. In getting to that level of exposure, more than 17,500 of the 8.4 million people in New York City (about 1 in every 500 New Yorkers) have died, with the overall death rate in the city suggesting deaths may be undercounted and mortality may be even higher.

Some have entertained the idea of “controlled voluntary infection,” akin to the “chickenpox parties” of the 1980s. However, COVID-19 is 100 times more lethal than the chickenpox. Someone who goes to a “coronavirus party” to get infected would not only be substantially increasing their own chance of dying in the next month, they would also be putting their families and friends at risk.

To reach herd immunity for COVID-19, likely 70% or more of the population would need to be immune. Without a vaccine, over 200 million Americans would have to get infected before we reach this threshold. Put another way, even if the current pace of the COVID-19 pandemic continues in the United States – with over 25,000 confirmed cases a day – it will be well into 2021 before we reach herd immunity. If current daily death rates continue, over half a million Americans would be dead from COVID-19 by that time.