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Economic implications of a SARS/Coronavirus outbreak
- Thread starter greggles
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Australia could be the first country that tests out the seasonality factor of Coronavirus.
If we are latently accumulating from Feb-May it could spike come June-August.
Then I wonder what northern hemisphere countries do to prepare for their flu season starting October.
If you look at Spanish Flu, Asian Flu, Hong Kong Flu, Swine Flu graphs they all show multiple waves that coincide with huge multiplier effects in colder months.
If we are latently accumulating from Feb-May it could spike come June-August.
Then I wonder what northern hemisphere countries do to prepare for their flu season starting October.
If you look at Spanish Flu, Asian Flu, Hong Kong Flu, Swine Flu graphs they all show multiple waves that coincide with huge multiplier effects in colder months.
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The big news in Melbourne is the story of the doctor in the Toorak Clinic who has been diagnosed with the virus.
He has treated 70 patients at the clinic in the last week and 2 more at a nearby nursing home.
Obviously all the patients, clinic staff and doctors will be isolated at home for at least 14 days. The clinic is closed for 14 days. The nursing home will be on tenterhooks .
Economic fallout ? I would wonder if the closure of Clinic would be covered by insurance ? Or if patients could turn around and sue the clinic for negligence in exposing them to the virus and the disruption this causes them (I say this because we are talking Toorak and unfortunately some of our wealthier citizens are very litigious). And overall this clinic is losing a minimum 2 weeks business. Eight doctors. Probably as many staff and ancillary service providers. Dentist, Dietician, Physio, Counsellor, Chemist all taking an upaid holiday.
He has treated 70 patients at the clinic in the last week and 2 more at a nearby nursing home.
Obviously all the patients, clinic staff and doctors will be isolated at home for at least 14 days. The clinic is closed for 14 days. The nursing home will be on tenterhooks .
Economic fallout ? I would wonder if the closure of Clinic would be covered by insurance ? Or if patients could turn around and sue the clinic for negligence in exposing them to the virus and the disruption this causes them (I say this because we are talking Toorak and unfortunately some of our wealthier citizens are very litigious). And overall this clinic is losing a minimum 2 weeks business. Eight doctors. Probably as many staff and ancillary service providers. Dentist, Dietician, Physio, Counsellor, Chemist all taking an upaid holiday.
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Excellent story. Adds much to our current understanding.
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Alternatively one could make the observation to take imperfect solutions that got results than incompetence married to flawed ideology any day. Lets look at Robo debt shall we ?
Bill M
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People are losing their minds. Fighting in a supermarket over toilet paper. Police had to be called.
I think robo debt is disgusting. A lot of what the libs has done I don't agree with. It's the same thing. Overkill with consequences.
Libs have failed bad, but that doesn't mean labor is any better. They wiped out our rights along with the libs. They had their torts along with the libs. I'm not blind to one sides failings because I lean to one way.
They both need to be held to account and the only way is to vote independent.
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Agreed. But . I suggest the way to hold all of them to account is with an independent Federal ICAC with some teeth.
The latest revelations on the sports rorts affair (not to mention "water sales" to friends, made up stories that aren't investigated ...) just stink.
https://www.theguardian.com/austral...hanges-everything-its-time-for-a-federal-icac
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Better come inside Wayne. I think you may have been a bit sun touched... organic and holistic boost indeed
wayneL
VIVA LA LIBERTAD, CARAJO!
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You don't have to be a hateful tw@t all the time bas. It doesn't take a whole lot of imagination to get my meaning.Better come inside Wayne. I think you may have been a bit sun touched... organic and holistic boost indeed
If not, why not just ask what I mean?
Too much methane will do that too
wayneL
VIVA LA LIBERTAD, CARAJO!
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Let's save it for the "General Chat" forum bud.
Everyone needs to open their eyes to see that being labor or liberal faithful is destroying the country. Commissions do nothing for legal rorts.
wayneL
VIVA LA LIBERTAD, CARAJO!
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I PMed you in an effort to keep this sort of thing out of what is otherwise a useful thread.
If you would like to play, let's do it there, soas not to annoy everyone else.
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Last 20 posts, nothing to do with Economic Impact, once again a good thread has been derailed and not even by a person who is familiar with denailing (I hope I got that right WayneL)
Anyway.....
Everyone has bought out rice. I was in the Asian supermarkets I think on Wednesday and they were still stocked. All gone on Friday. I'm wondering if it's a double whammy for Asian restaurants?
People are also starting to panic buy food. There are long queues in some areas.
I'm surprised at just how easy it is to derail the system. I would think only a third of people are panic buying.
Talking to a woolies employee, they mentioned they were short of packers as the workload had increased and people were walking off the job due to the load and abuse.
If you want toilet paper, Bunnings has the pub style rolls. Like wiping your ass on A4 but better then nothing.
Bunnings customers looked down as well.
Shopping centers were pretty empty.
Thai restaurants, surprising packed.
Everyone has bought out rice. I was in the Asian supermarkets I think on Wednesday and they were still stocked. All gone on Friday. I'm wondering if it's a double whammy for Asian restaurants?
People are also starting to panic buy food. There are long queues in some areas.
I'm surprised at just how easy it is to derail the system. I would think only a third of people are panic buying.
Talking to a woolies employee, they mentioned they were short of packers as the workload had increased and people were walking off the job due to the load and abuse.
If you want toilet paper, Bunnings has the pub style rolls. Like wiping your ass on A4 but better then nothing.
Bunnings customers looked down as well.
Shopping centers were pretty empty.
Thai restaurants, surprising packed.
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Nailed it!
Only a brave person would think our market has bottomed, as the effects of present actions have barely reverberated through the economy.
Tighter measures are likely and government stimulus, whatever it will end up being, will not give back what has been lost.
The good news, of sorts, is that much of China is back producing stuff so supply chain constrains are more likely to now occur at the receiving ends.
I am having a dabble on EVN tomorrow as it's well under par value given its metrics, and has a delightful dividend policy.
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