Economic implications of a SARS/Coronavirus outbreak

[over9k]

Lowe has stated numerous times, there will be no rate increases till 2023.
He's in charge of rates, and has the very best financial experts backed up by a ouji board and tea leaf reader.
So that answers it then.
Mick

And is appointed by the liberals, who are on the take from real estate developers (and often are themselves).

 

[sptrawler]

Well we did say globalisation has been given a kick in the goolies with covid induced supply issues, now with Russia showing that not everyone is touchy feely and needy, "times are a changing".

VW prepares for a deglobalised world​

Car giant’s new resilience strategy: shorter supply chains, less focus on China and more investment in the US

 

[moXJO]

China's recent outbreak will cause troubles for supply lines again. Although with shipping containers extremely expensive to Australia. I'd say we will have new lines to fill the void. Or cut altogether.

 

[qldfrog]

https://money.yahoo.com/job-loss-pandemic-retirement-boom-175126823.html
One of the great stories: all these people realising that life is important and retiring to move into yoga retreats, becoming grandchildren care takers, helping salvation cantines and landcare tree planting might not be that cool..they just got sacked .
Ask all the non jabbed teachers or police, or yours truly if he would have carry on his startup if allowed....
After, yes, the decision to find something else is another story...

 

[over9k]

As moxy mentioned, big outbreak in china has cut off supply of all manner of stuff to combine with all these russia sanctions etc so it's an absolute slaughter.

Supply side cutoffs driving inflation, nothing new or surprising there at all.

 

[over9k]

Not looking good.

 

[greggles]

You can tell the market really doesn't want to go down. So much money saved in lockdowns has been pumped into the market and no matter how much bearish news comes out, it just can't seem to trigger any good, old fashioned panic selling.

We have war in Europe, the tail end of a global pandemic, rapidly rising inflation, broken global supply chains, high oil prices, record levels of consumer debt, money printing parties by western governments, and we still can't manage a decent correction. What's going on?

 

[over9k]

You can tell the market really doesn't want to go down. So much money saved in lockdowns has been pumped into the market and no matter how much bearish news comes out, it just can't seem to trigger any good, old fashioned panic selling.

We have war in Europe, the tail end of a global pandemic, rapidly rising inflation, broken global supply chains, high oil prices, record levels of consumer debt, money printing parties by western governments, and we still can't manage a decent correction. What's going on?

When you say WE, who are you referring to exactly?

 

[greggles]

When you say WE, who are you referring to exactly?

Western financial markets, but I guess I'm specifically thinking about the ASX and the US market.

 

[over9k]

Western financial markets, but I guess I'm specifically thinking about the ASX and the US market.

QQQ is down 15% for the year so far with what looks like another 10% to go. I'd call that a correction.

 

[greggles]

QQQ is down 15% for the year so far with what looks like another 10% to go. I'd call that a correction.

I guess I was thinking of an old school crap your pants type of high volume, panic selling correction where the market looks like it's falling off a cliff and traders have their heads in their hands quietly sobbing. Black Friday kind of stuff.

The indexes themselves are looking toppy, but I'm not yet seeing any evidence of a market rout.

 

[qldfrog]

I guess I was thinking of an old school crap your pants type of high volume, panic selling correction where the market looks like it's falling off a cliff and traders have their heads in their hands quietly sobbing. Black Friday kind of stuff.

The indexes themselves are looking toppy, but I'm not yet seeing any evidence of a market rout.

Ompare asx200 vs SPY
we do not go down.
Destroying all my models based on US indexes.

 

[moXJO]

QQQ is down 15% for the year so far with what looks like another 10% to go. I'd call that a correction.

I want deep discounts. 50% off on all the stocks I want to buy.

 

[Dona Ferentes]

Meanwhile, what's that idle cash earning?

 

[mullokintyre]

Meanwhile, what's that idle cash earning?

A rebuke.
Mick

 

[wayneL]

I want deep discounts. 50% off on all the stocks I want to buy.

Keep yer powder dry mate... Don't shoot until you see the whites of their eyes

 

[moXJO]

Keep yer powder dry mate... Don't shoot until you see the whites of their eyes

I reckon if they ever did drop that much, I wouldn't want em then.

 

[wayneL]

I reckon if they ever did drop that much, I wouldn't want em then.

I would buy gold at $900 with my ears pinned back

 

[wayneL]

I would buy gold at $900 with my ears pinned back

And silver at 12 or $13... I would sell my cars, my positions, my house, my tools, my horses, my wife, 1 kidney and a testical, half my liver (though probably useless by now)... Probably a cornea or two....

 

[againsthegrain]

And silver at 12 or $13... I would sell my cars, my positions, my house, my tools, my horses, my wife, 1 kidney and a testical, half my liver (though probably useless by now)... Probably a cornea or two....

The stuff you "would sell" would also sell at a crap discount