Economic implications of a SARS/Coronavirus outbreak

[divs4ever]

Had an interesting chat with an engineer who works for a miner with mines in more than a few countries.

They are looking at the way they work & one of the scenarios under consideration is more WFH on a permament basis but instead of just working on the mine you currently physically work at, you will now also do work relating to other mines within the companies operations.

Hmmm , adds extra logic to the recent EVN acquisitions

( i hold EVN , and hope they slide below the SPP price so i can buy cheaper )

DYOR

 

[divs4ever]

A digital race horse just changed hands for $125,000 as crypto-mania and the boom in NFTs show no signs of slowing down

Crypto horse racing platform Zed Run is the newest trend based on NFT blockchain technology. Digital horses can be bred, raced and traded in the game.

markets.businessinsider.com

@wayneL you just have to work out how to be a virtual farrier

i haven't seen any evidence of transmission between horses and human , so maybe a long rope when delivering the horse should work

 

[wayneL]

A digital race horse just changed hands for $125,000 as crypto-mania and the boom in NFTs show no signs of slowing down

Crypto horse racing platform Zed Run is the newest trend based on NFT blockchain technology. Digital horses can be bred, raced and traded in the game.

markets.businessinsider.com

@wayneL you just have to work out how to be a virtual farrier

I'd be in that... No horse ****, no stinky thrush, no lunatic owners, no lunatic horses...

... I'd miss the blacksmithing part of it though... Tools, fire, red hot steel, shiny hammers.... The ultimate blokey sh¹t.

 

[over9k]

... I'd miss the blacksmithing part of it though... Tools, fire, red hot steel, shiny hammers....

Save that for the mrs when you get home


Wait, what?

 

[qldfrog]

Had an interesting chat with an engineer who works for a miner with mines in more than a few countries.

They are looking at the way they work & one of the scenarios under consideration is more WFH on a permament basis but instead of just working on the mine you currently physically work at, you will now also do work relating to other mines within the companies operations.

Already implemented by the big miners.was starting 6/7 y ago in big miners ROC (remote operation centers) in Brisbane
Mine planners moved to brisbane and then assigned to do planning/scheduling on multiple mines.
The obvious step 2 is to move this ROC in Bangalore, then outsource and you can later have a Bengalis mine planner working for $10 a day doing multiple mines and even multiple companies: Rio,Bhp,ozl etc
Hello, i am Steve and i am here to help you..how is the weather in Broken hill mate?.....

 

[over9k]

Close eye on the banks tonight, this might be the beginning of the market manipulation.

 

[wayneL]

View attachment 128834

Close eye on the banks tonight, this might be the beginning of the market manipulation.

Beginning?

I feel like this should be a post from several years ago

 

[over9k]

Beginning?

I feel like this should be a post from several years ago

Ok, the beginning of this particular round of it

 

[pozindustrial]

Hope you and business will manage to stay afloat

No problem, low overheads, been through it a few times before, although this is not a sudden drop, just the bottom of a slow trickle downwards. I too think my business is like the canary in the coal mine. My business tends to bounce along with the general consumer economy. Three decades ago I was a contractor and that business followed different parameters and was often doing well when the consumer economy was down.

 

[over9k]

Another 350 odd cases in NSW, VIC extended another week, regional NSW now getting hit, what a fuckup.

 

[over9k]

Inflation data in:

Prices up exactly on estimates, 0.5% month-month, 5.6% year-year, core up 4.3% year-year.

But the big one: Real weekly wages are down 0.7% and real hourly wages are down 1.2%. So people are both working less and getting paid less (proportionately) than they were.

So the little guy's debt burden is actually increasing as this inflation is not trickling down to wages as well, which means more profits for companies and less purchasing power in the pockets of the little guy.


So futures all flipped massively green on the news.

 

[qldfrog]

and for zoom workplace, here it comes:
https://finance.yahoo.com/news/pay-cut-google-employees-home-100348715.html
feel like an outsource Bangalore employee ? be paid like one...

 

[over9k]

Here we go, all the delta variant carryon is now in the rear vision mirror:



And the vaccine makers and tech are now plummeting:



So the previous rotation that had just begun as this delta variant hit is now back. All delta did was cause a hiccup/speed bump. Swing plays will now abound again.

Remember, this time, it's not going to be the temporary/transitory we saw last time when nobody was vaccinated etc. Things are very different now.


My holdings are now BNKU, DPST, GUSH, NRGU, TQQQ, SPXL, UDOW, YINN, 3LNI. I've torched TNA, SOXL, NAIL and FNGU. Considering diving back into MIDU, TNA and NAIL at some point. Will be watching SOXL & FNGU like a hawk.

Chip lead times are now out to almost FIVE MONTHS and showing no signs of abating:

 

[over9k]

Alright guys, bit of a nothing week. The energy & banks rotation got moving:



But everyone still have the jitters over this delta variant:



The week ended green, but as I said, everyone still have the jitters. It'll pass.

But it's a bit of a waiting game/snoozefest until it does.



FWIW, energy & financials are DEEP into the green in aftermarket trading.

 

[sptrawler]

One of the covid related financial issue, that will be starting to grate on people IMO, will be vouchers. There is never ending advertising to see Australia and holiday at home, well I for one am over it.
The trip to North Queensland cancelled due to covid restrictions, Jetstar get to keep your $1,200 and give yo a voucher that can't be used on Qantas and disappears if not used by 2023.
Virgin $640, keep you money, get a voucher, must be used by 2022.
Princess cruises $2,200, must be used by 2022.
I'm booking nothing, I'm fed up of giving cash, with no expiry date and getting a voucher and a thankyou.

 

[frugal.rock]

I'm booking nothing, I'm fed up of giving cash, with no expiry date and getting a voucher and a thankyou.

Trawlers missus,
"Can you move the yukka back out the front, now please dear" ?

 

[divs4ever]

One of the covid related financial issue, that will be starting to grate on people IMO, will be vouchers. There is never ending advertising to see Australia and holiday at home, well I for one am over it.
The trip to North Queensland cancelled due to covid restrictions, Jetstar get to keep your $1,200 and give yo a voucher that can't be used on Qantas and disappears if not used by 2023.
Virgin $640, keep you money, get a voucher, must be used by 2022.
Princess cruises $2,200, must be used by 2022.
I'm booking nothing, I'm fed up of giving cash, with no expiry date and getting a voucher and a thankyou.

that's called the Tesla business model

 

[sptrawler]

Trawlers missus,
"Can you move the yukka back out the front, now please dear" ?

If you hear on the news, W.A man strangles wife over tree, it should coincide with a reduction in my posts.

 

[Smurf1976]

There is never ending advertising to see Australia and holiday at home, well I for one am over it.

Purely anecdotal but among those I know, they're basically taking it as "holiday within your own state".

Because actually booking anything involving airlines in particular is just too risky both financially and in practical terms for many who'll have issues rescheduling leave from work plus things like school holidays and so on.

 

[over9k]

One of the covid related financial issue, that will be starting to grate on people IMO, will be vouchers. There is never ending advertising to see Australia and holiday at home, well I for one am over it.
The trip to North Queensland cancelled due to covid restrictions, Jetstar get to keep your $1,200 and give yo a voucher that can't be used on Qantas and disappears if not used by 2023.
Virgin $640, keep you money, get a voucher, must be used by 2022.
Princess cruises $2,200, must be used by 2022.
I'm booking nothing, I'm fed up of giving cash, with no expiry date and getting a voucher and a thankyou.

This sounds like the last escort I booked.




Wait, what?