Economic implications of a SARS/Coronavirus outbreak

[jbocker]

The Italians have shut down their cities, which is an amazing step to take. It would be relatively easy by comparison to shut down our Australian cities, as we have some of the remotest cities in the world, Perth being the remotest. More difficult for Melbourne and Sydney. Ramp up export and import of goodies as much as you like as the virus has a short shelf life. Fill up the plane seats and luggage holds with boxes. Want a holiday then have it and spend it in the country, go to all the restaurants and the like as we are then relatively safe if we have isolated ourselves. Hey maybe you can get a 'gift' from the government to encourage you to do so, why not sponsor discount interstate plane fares.
You are still welcome to come into the country but like old Fido the dog you will have to sit in quarantine for a while. Same applies if you want to go overseas and then return.
If you want to see the relatives overseas do it 'skype' style.

 

[qldfrog]

I wonder what is the impact of share market fall on the ato coffers
While the leftists are beaming, the super accounts of every one are slashed
And what was a 20% return on my trend systems is now negative.
That means payment at the end of the year from the ato...how many like us on this forum in the wider community?
When the market loses 160 billions capitalisation, there is probably a simple formula saying: gov has lost xxx $
I suspect it is in dozen of billions just yesterday..before the economic slow down with GST , SME collapses and unemployment

 

[Dona Ferentes]

One of the big changes, already happening, may be the acceleration to a cashless society.

Transmission through passing of notes, is being identified as a real issue, in the food industry especially

 

[qldfrog]

https://www.brisbanetimes.com.au/bu...us-chillingly-vulnerable-20200309-p54885.html
Will this change that trend into a sharing society;
Will all twist that NY/Paris/London lifestyle so celebrated here in Australia (celebrated only by those who never had to live in the dream of high density suburbs where it is indeed cheaper to keep the human fowl...)
Living on acreage with no real problem if needed to be in isolation for a month two or more...banana leaves for TP ;-)

 

[Dona Ferentes]

One of the big changes, already happening, may be the acceleration to a cashless society.

Transmission through passing of notes, is being identified as a real issue, in the food industry especially

Further on this,

University of NSW microbiology professor Peter White echoed the AMA chief’s assessment about the risk posed by cash transactions, warning that enveloped RNA viruses, such as COVID-19, could remain infectious on objects including Australian polymer banknotes “from anywhere between six and 24 hours depending on the temperature and humidity”.

“The virus on the hands doesn’t last anywhere near as long as it does on cash. We’ve got an enzyme in our sweat that breaks the virus down. It definitely survives longer on inanimate objects like money,” Professor White said.

 

[jbocker]

“The virus on the hands doesn’t last anywhere near as long as it does on cash. We’ve got an enzyme in our sweat that breaks the virus down. It definitely survives longer on inanimate objects like money,” Professor White said.

Don't worry Professor White, money is slipping out of our hands so quick a virus wouldn't have time to jump off.

 

[MrChow]

Trump just did a presser and sounded like he had the flu and nobody said anything?

 

[Dona Ferentes]

Trump just did a presser and sounded like he had the flu and nobody said anything?

what colour had he turned?

 

[sptrawler]

One of the big changes, already happening, may be the acceleration to a cashless society.

Transmission through passing of notes, is being identified as a real issue, in the food industry especially

The Governments will be thinking of many aspects of control, that can be piggy backed onto the future proofing of this incident, facial recognition/ temp assessments at points of entry to the Country, as you say cashless transactions enable location tracking in case they need to find someone who may be carrying the virus etc.

 

[wayneL]

The Governments will be thinking of many aspects of control, that can be piggy backed onto the future proofing of this incident, facial recognition/ temp assessments at points of entry to the Country, as you say cashless transactions enable location tracking in case they need to find someone who may be carrying the virus etc.

Enter the dystopia, never imagined by Orwell. (Rumaging through old boxes looking for my tin foil hat)

 

[sptrawler]

Enter the dystopia, never imagined by Orwell. (Rumaging through old boxes looking for my tin foil hat)

I know, I haven't even had a beer yet.

 

[basilio]

A few more disturbing stories around the spread of the corona virus

1) Another person from the flight Dr Chris Higgins was on has been infected. In fact they passed it on to their partner who is a teacher at Carey Grammar. That is the second person on the flight who has turned up sick. Doesn't look good for the 70 patients Dr Higgins directly treated. This could suggest he is a particularly infectious person

2) Qantas is looking at slashing flights by 30% and possibly affecting the jobs of 2000 employees. BIG deal. I would be asking what is happening with the other airlines? ( I don't think Virgin will survive this. Anyone want to short it ?)

In terms of knock on effects I think all the businesses and staff operating from the airports will be in trouble. How could they not be ?

https://www.abc.net.au/news/2020-03-10/coronavirus-fears-prompt-qantas-to-slash-services/12041358

Melbourne's Carey Baptist Grammar School confirms teacher tested positive for coronavirus COVID-19
https://www.abc.net.au/news/2020-03-09/victoria-records-new-coronavirus-covid-19-cases/12038048

 

[IFocus]

Trump just did a presser and sounded like he had the flu and nobody said anything?

Reported he has been exposed to the virus you would think there is a good chance other top administration officials have also been exposed.

I wouldn't wish the virus on anyone especially Trumps age, the thought of Pence being president is a worry.

 

[qldfrog]

I already asked and unsure.
If you short a company which collapses, what happens?
Agree cf virgin

 

[qldfrog]

I already asked and unsure.
If you short a company which collapses, what happens?
Agree cf virgin

can not find any warrant on Virgin..no one even wants to bet...not a good sign for Virgin employees

 

[Dona Ferentes]

can not find any warrant on Virgin..no one even wants to bet...not a good sign for Virgin employees

Virgin 2023 bond launched a month ago, $100, trading OTC for $62. Listed shares about 7c? Chinese partner HNA in strife?

The challenge for Virgin remains the fixed costs it has for operational leases and asset finance on its aircraft.

The payments need to be made even though international air travel is plummeting due to efforts to contain the spread of the coronavirus.

 

[basilio]

Came across this website in Bejing. It gives a good flavour of what is required to minimize the spread of the virus.

And they have only had 400 cases in a population of 21million people!!

I don't think we have any idea of how our lives will be changed for at least a couple of months if/when we go down this path.Having said that the fact is that China is getting on top of this epidemic.

If it had kept on the trajectory it was going in January the death toll would be in the hundreds of thousands and growing exponentially
https://www.thebeijinger.com/blog/2020/01/22/coronavirus-count-in-beijing

 

[qldfrog]

Came across this website in Bejing. It gives a good flavour of what is required to minimize the spread of the virus.

And they have only had 400 cases in a population of 21million people!!

I don't think we have any idea of how our lives will be changed for at least a couple of months if/when we go down this path.Having said that the fact is that China is getting on top of this epidemic.

If it had kept on the trajectory it was going in January the death toll would be in the hundreds of thousands and growing exponentially
https://www.thebeijinger.com/blog/2020/01/22/coronavirus-count-in-beijing

1 sick in a complex: whole building locked; one sick in an office, whole office tower locked, you stay there sleep eat for a fortnight if need be

drone checking mask wearing compliance, full tracking of people via car plates, phone, face and gait, and dedicated gov app.

Full tracking of contacts and proximity with gov app giving you a status based on your past travel and presences
if green all good, if red..you are in for a ride
The west is not ready, we see the results in Italy at 500 deaths already.

Saw some pathetic pictures of overwhelmed corridors in hospital in Australia with people waiting for testing
WTF???:
so now everyone in the corridor has a been infected AND most but a couple will receive a clean result (at the time), and so spread it further
Incompetence...Interesting initiative in Adelaide where they do a drive in approach: much more sensible

 

[MrChow]

Neat graph of the S&P500

 

[satanoperca]

I already asked and unsure.
If you short a company which collapses, what happens?
Agree cf virgin

Try google and researching what a short agreement is. Then you might get a answer to your own stupid question is.