Economic implications of a SARS/Coronavirus outbreak

[basilio]

I was talking to my brother in Adelaide last night and he said this summer has been really tough at the cafe he owns. I told him he should go talk to his land lord and negotiate a deal on the rent so as he can stay solvent if things really turn to custard. Yeah the landlord will lose out on some coin but he will keep a loyal tenant. The normal rules and expectations for business will go out the window a lot of SME's are cash strapped right now, everyone needs to pool together and take haircuts together to survive imo

I like that approach. It certainly makes sense . With constructive landlords, creditors and so on I can see it being the way to go.

Again I wonder how more mercenary institutions might approach the situation? In fact this is probably a good time to have a public conversation with the larger financial institutions on their approach to customers who will be under pressure. Any feedback from anyone here ?

 

[IFocus]

So should you contract the virus sooner rather than later in case you need treatment?

 

[basilio]

So should you contract the virus sooner rather than later in case you need treatment?

Almost certainly Seems clear that if things get sticky it will be impossible to treat the 100 serious illness as well as the first dozen.

 

[satanoperca]

I believe there will be some excellent buying opportunities arise in the coming months.

This is just a short term disruption in a long term game.

I also believe we will see that the mortality rate is a lot lower in Western countries.

The virus is here, it has spread, nothing can be done know, it will impact on the elderly the most.

 

[moXJO]

So should you contract the virus sooner rather than later in case you need treatment?

You can get it more then once....
Apparently the antibodies you produce don't last long after you get it

 

[IFocus]

You can get it more then once....
Apparently the antibodies you produce don't last long after you get it

14% reinfection rate is one number I have seen but reported 2nd time around its not as bad

 

[qldfrog]

Or is it that it mutates rapidly?
Good luck vaccine

You can get it more then once....
Apparently the antibodies you produce don't last long after you get it

Actually in both case...good luck vaccine...

 

[moXJO]

14% reinfection rate is one number I have seen but reported 2nd time around its not as bad

Depends on time between. Antibodies apparently don't last long.

If you are over 60 I'd say once is bad enough. I'd simply do the best to boost your immune system through a bit of healthy living now. Do the best to prolong the time to exposure while getting fit.
Then when you do get it, you are tackling it in a better position. First time round shouldn't be as bad.

 

[qldfrog]

If you are over 60 I'd say once is bad enough. I'd simply do the best to boost your immune system through a bit of healthy living now. Do the best to prolong the time to exposure while getting fit.

Or even below 60...
And it is not the time to get the good old flu, or a heart attack car accident

 

[sptrawler]

I wonder how long before the mining sector starts to show the strain?

 

[wayneL]

14% reinfection rate is one number I have seen but reported 2nd time around its not as bad

Do you have a cite for this? As the first infection seems to have been around November last year, as far as I can ascertain, where has this information come from, please?

 

[kenny]

Almost certainly Seems clear that if things get sticky it will be impossible to treat the 100 serious illness as well as the first dozen.

Except the chance of re-infection is similar to an initial one. You'll just have a file at the hospital already

 

[Dona Ferentes]

And housing stress... Soon as unemployment rises, the two repayments from bankruptcy home owners (in collaboration with a friendly bank) will be in a world of pain. It's always around the margins. (Not even thinking about those with geared investment properties).

 

[basilio]

And housing stress... Soon as unemployment rises, the two repayments from bankruptcy home owners (in collaboration with a friendly bank) will be in a world of pain. It's always around the margins. (Not even thinking about those with geared investment properties).

The issue of world wide debt......
This analysis explores how that will magnify the consequences

Coronavirus shook the foundations of a global stock market powered by debt
https://www.abc.net.au/news/2020-03...tock-market-after-boom-built-by-debt/12015192

 

[againsthegrain]

And housing stress... Soon as unemployment rises, the two repayments from bankruptcy home owners (in collaboration with a friendly bank) will be in a world of pain. It's always around the margins. (Not even thinking about those with geared investment properties).

only 3 more possible interest rate drops, being so low the banks cannot possibly pass on full drops. Drop in the ocean not a lifeline for any struggling with repayments

 

[IFocus]

Do you have a cite for this? As the first infection seems to have been around November last year, as far as I can ascertain, where has this information come from, please?

Its a Chinese number reported so not to be relied upon will see if I can find it.

 

[moXJO]

I wonder if it's a jobs boom for the healthy temp workers?

 

[moXJO]

only 3 more possible interest rate drops, being so low the banks cannot possibly pass on full drops. Drop in the ocean not a lifeline for any struggling with repayments

Double whammy with the new cash laws locking you into banks. Lose money on deposits and your house.

 

[IFocus]

Do you have a cite for this? As the first infection seems to have been around November last year, as far as I can ascertain, where has this information come from, please?

Caveat lector


"Song Tie, vice director of the local disease control center in southern China’s Guangdong province, told a media briefing on Wednesday that as many as 14% of discharged patients in the province have tested positive again and had returned to hospitals for observation."


https://www.reuters.com/article/us-...-questions-in-containment-fight-idUSKCN20M124

 

[moXJO]

I didn't realise how far xjo and xao had run up. We must have been due for a fall regardless of covid or not.