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Economic implications of a SARS/Coronavirus outbreak

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That may be the perception, but in reality it isn't conservative is it? It's very dangerous.
As you posted: https://www.abc.net.au/news/2019-10-11/self-managed-super-funds-warned-about-toxic-mix-by-asic/11593330
 
Results of the financial impact are starting to come in, as we suspected some industries will feel little if any effect, Austal has reported very little impact to earnings.
 
Knobby22 said:
Extremely low risk? Not if you are in the age range of 45-74 and especially with existing medical pre conditions. Also the new found link to children where it attacks their hearts is worrying.
Click to expand...
This is the problem as I see it.

Having those who are low risk catch it requires knowing who those low risk people are and we don’t seem to have an effective means of determining that.

30 years old, fit and never been a smoker doesn’t seem to automatically mean you’re in the low risk group.
 
The current riots and protests across the US over the police killing of George Floyd will cause further economic pressure on the US.

Extensive property damage possibly not covered by insurance and the risk of substantial increases in COVID 19 infections through the crowds of protesters can't be good.

And of course this hasn't finished yet.
 
Dona Ferentes said:
The Chinese are a bit further down the curve and some interesting patterns and avoidances are emerging
Click to expand...

I've long thought that some of it was a good idea and I've little doubt that will continue but some examples were just a way of being cheap and nasty and a "poor man's" approach to the situation.

So-called "hot desking" is one way to lose good staff for example. It's a sure sign of management that sees staff as a commodity and doesn't want any real commitment from them. It always seemed like an idea that someone who's good with numbers in the short term but not at all good with managing people came up with. Save some money on office space, lose your best staff in the process.

Car sharing is another one. There' a market for it but I've always thought that most will choose to have their own car and leave the baby seat, dog's toys or whatever in it. Plus the hygiene factor was an issue even before the pandemic and obviously it's a far bigger issue now.
 
The property damage will be an added stimulus, talking of which, the Australian Government is giving $25k building grants, for home renovations and new builds.
The proviso's spend must be $125k and it can only be on PPR (own home, not investment).

https://www.abc.net.au/news/2020-06...onstruction-stimulus-renovations-25k/12317786
 
A concerted push from Central Bankers to tackle global heating as a major part of a COVID 19 economic package.
Makes a change from subsidizing $150k renovations..

The world must seize this opportunity to meet the climate challenge
As current and former central bankers, we believe the pandemic offers a unique chance to green the global economy

We are currently in the midst of the most severe macroeconomic shock since the second world war. The disruption to our daily lives and subsequent impact on our economies has been enormous. We are seeing first-hand that a collective response is needed to defeat a common enemy, as authorities across the world courageously mobilise all available resources to fight the Covid-19 pandemic.

This crisis offers us a once-in-a-lifetime opportunity to rebuild our economy in order to withstand the next shock coming our way: climate breakdown. Unless we act now, the climate crisis will be tomorrow’s central scenario and, unlike Covid-19, no one will be able to self-isolate from it.
https://www.theguardian.com/commentisfree/2020/jun/05/world-climate-breakdown-pandemic
 
The countries of the world have learnt how globally fragile our existence can be, with covid-19. However I fear little will be extrapolated to the effects of climate shifts on our existence. It is difficult for most to correlate bush fires droughts hurricanes etc to the climate, each of which are regionally localised, and difficult to get a "pandemic" rating.
 
The economic returns, environmental returns and employment returns on investing in renewable energy vs fossil fuel are overwhelming.
Why won't a rational Government recognise that reality and swing its support behind the industry ?

Renewable energy stimulus can create three times as many Australian jobs as fossil fuels

Government spending on clean energy would deliver 100,000 new jobs, EY assessment finds
Stimulus programs backing clean energy as a path out of recession would create nearly three times as many jobs for every dollar spent on fossil fuel developments, according to a financial consultancy analysis.

The assessment by professional services firm Ernst & Young (EY) says a government focus on renewable energy and climate-friendly projects to drive the economic recovery from the Covid-19 pandemic could create more than 100,000 direct jobs across the country while cutting greenhouse gas emissions.

Commissioned by environment group the World Wide Fund for Nature, the EY report suggests fast-tracking wind and solar farms that have already been approved, increasing electricity transmission capacity and backing new industries in battery manufacturing, electric buses, renewable hydrogen and manufacturing powered by renewable energy.

It estimates every $1m spent on renewable energy and exports creates 4.8 full-time jobs in renewable infrastructure or 4.95 jobs in energy efficiency. By comparison, $1m on fossil fuel projects has been found to create 1.7 full-time jobs.

That suggests that if 10% of what the federal and state governments had indicated they would spend in response to Covid-19 was directed towards clean projects it could create 160,000 jobs.
https://www.theguardian.com/austral...bs-fossil-fuels-coronavirus-economic-recovery
 
A post i put on another social media

A thought for the hard hit in our society
Between all our talks about covid 19, i believe we should think of the impact, current and future, of these events on our youth:
I would say early teens to mid twenties whose lives got stopped, jobs lost and future crushed for the sake of other generations.
Moreover, with the government spendings now happening, their future will be of either high taxation or just economic and lifestyle level collapse.
So thank you, and i hope you guys and girls can still/will still enjoy avocado on toast in the coming years
 
Nonsense, (in the nicest way), mon frère, .most Gen Whatever's (I've heard Gen C but that is yet to be proven) .. aren't over-analysing. There's a resilience built in. Life isn't stopped, it's an adventure of sorts. For many, fallback positions exist because of their relative inexperience. Which is the saving grace.

The world needs fewer helicopter parents, less proactive intervention. Something will happen.
 
you are too harsh, talk to a year 12 kid, who has had school stopped, sport, friends out of reach, as a teen, you are rejecting the family and learning to fly by your own joining tribes..well got stuck with mum dad and sibblings for months.This is genuinely nightmare..and probably not only for them
as for job opportunities, good luck
 
If, BIG IF, we come through this, the resilience will kick in.

(Over) Analysis can lead to paralysis.

Though I feel for those that fell through the cracks, recognising that reality. Timing has delivered some uncomfortable outcomes.
 
Dona Ferentes said:
If, BIG IF, we come through this, the resilience will kick in.
Click to expand...

From personal observation adversity tends to be a make or break thing.

There's plenty of examples where an individual, group or business suffered a major setback and then either came back far better and stronger than before or alternatively disappeared completely.

Finding an example where there was no impact, they just went back to "business as usual", tends to be somewhat harder. It seems to either kill you or make you stronger in practice.
 
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