It's going to get very bad. A lot of supply is in the same situation. Everything comes from China. I'm unsure how quickly it will resolve either.
Although China is back to business.
It's going to get very bad. A lot of supply is in the same situation. Everything comes from China. I'm unsure how quickly it will resolve either.The fall out from supply disruption will affect the next earnings period, a friend who imports furniture has been informed, his next containers wont arrive until June/July.
People who have paid a deposit are getting agitated.
Sydney news: Coronavirus fears cause dental practices to run short on surgical masks
Dental practices face mask shortages
So what's the stimulus package put together by the libs?
China is officially back in business but if Shenzhen is representative, mostly empty streets and offices so far...It's going to get very bad. A lot of supply is in the same situation. Everything comes from China. I'm unsure how quickly it will resolve either.
Although China is back to business.
The U.S underlying economy is doing quite well, manufacturing increasing, unemployment at record lows.Bit of a gap between U.S and Aus markets now:
U.S -7%
Australia -10%
May have thought given valuations in the U.S a correction would hit them harder.
Ahhh... Y2K ? Or Bird flu ? Or is it terrorists ?
Fear fear and more fear.
Relevance of this flu ? Or likely ? NOT much.
Agree with big K.
Another scare campaign.
The U.S underlying economy is doing quite well, manufacturing increasing, unemployment at record lows.
I agree and we will see one or both parties pushing our tax money toward some white elephants... destined to failure in a country where innovation is not encouraged, tax system biaised and local knowledge and infrastructure sent to the junk yard and replaced by barristas and real estate speculationIf there's one thing I'll predict which goes right against mainstream thinking it's that we'll see this "increasing manufacturing" bit play out in Australia before too much longer.
There's a few rumblings beneath the surface, talks going on etc. That was before the virus but my thinking is that the virus will give that idea a push along if there's a widely perceived need to boost the economy and reliance on imports is seen as risky in terms of supply disruptions etc.
It will certainly prompt Governments to think twice, about allowing foriegn ownership of core manufacturing businesses, where they are purchased with the obvios intent of closing them and importing product.If there's one thing I'll predict which goes right against mainstream thinking it's that we'll see this "increasing manufacturing" bit play out in Australia before too much longer.
There's a few rumblings beneath the surface, talks going on etc. That was before the virus but my thinking is that the virus will give that idea a push along if there's a widely perceived need to boost the economy and reliance on imports is seen as risky in terms of supply disruptions etc.
Given that we do not have any core manufacturing businesses, the government can do what it usually does... nothing.It will certainly prompt Governments to think twice, about allowing foriegn ownership of core manufacturing businesses, where they are purchased with the obvios intent of closing them and importing product.
Economically its where I thought it would be. I'm still unsure of how bad the virus will be.Six weeks later and it's certainly a little more serious than you guys gave it credit for.
French figures trending up like fire..China new cases are down 97% in a month:
4th Feb - 3887
5th March - 160
Korea trending down too from a week ago:
29th Feb - 813
5th March - 467
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