Economic implications of a SARS/Coronavirus outbreak

macca · 22 March 2020

frugal.rock said:
I don't know if it's been said...?(there's so many posts that one can't keep up.)
I had thoughts along the lines that the virus seems to be a higher risk for the higher aged in society. Haven't seen death rates stats based on age groups personally though.
However, for the aged people who contract the virus and regrettably pass on because of it, there's a transfer of their wealth to family or whoever is the beneficiary of their estate.
This is an ugly positive proposition of course, but it is reality.
Governments worldwide have been expressing for years now about the financial weight an ever aging population puts on the financial system as we are generally living longer than before, thus the increase in minimum retirement ages.

I wonder if this thought train has gone through certain politicians heads?... as some don't or didn't seem to care until the general populus was enraged and started speaking out.

F.Rock

This is in Italy, by far the worst

Threat to the Elderly

The median age of the infected is 63 but most of those who die are older

Source: ISS Italy National Health institute, March 17 sample

The average age of those who’ve died from the virus in Italy is 79.5. As of March 17, 17 people under 50 had died from the disease. All of Italy’s victims under 40 have been males with serious existing medical conditions.

I cannot get the link to work but search yourself at the address

https://www.bloomberg.com/news/arti...-died-from-virus-had-other-illness-italy-says

IFocus · 22 March 2020

Kauri said:
Just been down the Sands pub, exchanged some spare toilet rolls for a few cartons of red.

Good to see you still kicking, risky doing that at the Sands you could get mugged by the skimpies

basilio · 22 March 2020

AFL has suspended the season until at least 31st May. Frankly I can't see it coming back at all this year.
That is another big employer and driver of TV product down.
A lot of hair cuts to be taken across players, coaches, club management.

https://www.afl.com.au/news/389309/afl-statement-on-postponement-of-2020-season

SirRumpole · 22 March 2020

basilio said:
AFL has suspended the season until at least 31st May. Frankly I can't see it coming back at all this year.
That is another big employer and driver of TV product down.
A lot of hair cuts to be taken across players, coaches, club management.

https://www.afl.com.au/news/389309/afl-statement-on-postponement-of-2020-season

Would be a good opportunity for a computer AFL game.

All the players sitting at home in front of interactive tv screens taking marks and kicks with their mice , coach's comments in a little window on the screen, all streamed live on the Internet.

Thoughts anyone ?

jbocker · 22 March 2020

I am REALLY completely baffled by all of this panic buying.
Celebrating my 40th Wedding Anniversary today I thought I would buy a nice bottle of sparkling wine (strictly Aussie made). I looked around the bottle shop and was ASTOUNDED!!!
There was full shelves of grog.
We are going into lock down we run out of f***ing Dunny Paper but there is still plenty of grog.
WTF.
We Aussies really HAVE changed.

jbocker · 22 March 2020

IFocus said:
Good to see you still kicking, risky doing that at the Sands you could get mugged by the skimpies

The good ole Sands, Oh with my luck the skimpies would get arrested just before they got to me for potentially breaching distancing laws.

Smurf1976 · 22 March 2020

As per the latest announcement from the PM, as of midday tomorrow 23 March all pubs, clubs, cinemas, casinos and indoor sporting venues are completely shut until further notice.

Restaurants and cafes may provide take away food only, no dining in option is permitted.

So to be clear, there's no such thing as a restaurant meal, nightclub, cinema or pub in Australia as of midday tomorrow. Well, not one that you can go into anyway.

Comparing this to past event, it's far bigger than anything else that anyone investing today would have any memory of. The GFC was a minor blip compared to this.

frugal.rock · 22 March 2020

SirRumpole said:
Would be a good opportunity for a computer AFL game.

All the players sitting at home in front of interactive tv screens taking marks and kicks with their mice , coach's comments in a little window on the screen, all streamed live on the Internet.

Thoughts anyone ?

Haha, Good one Sir Rumpole.
Personally, would prefer to watch paint dry, but that is more indicative of my code bias.
Aerial ping pong isn't my cup of tea unless it's the G Final of course.
Used to barrick for the hawks, for no apparent reason... now, after visiting Fremantle in 2018... go the Dockers?! Fickle I know.

F.Rock

sptrawler · 22 March 2020

Smurf1976 said:
As per the latest announcement from the PM, as of midday tomorrow 23 March all pubs, clubs, cinemas, casinos and indoor sporting venues are completely shut until further notice.

Restaurants and cafes may provide take away food only, no dining in option is permitted.

So to be clear, there's no such thing as a restaurant meal, nightclub, cinema or pub in Australia as of midday tomorrow. Well, not one that you can go into anyway.

Comparing this to past event, it's far bigger than anything else that anyone investing today would have any memory of. The GFC was a minor blip compared to this.

Which company owns the online and phone betting sites, that covers horse/dog racing, they should do extremely well with the pubs closing their TAB's down.

sptrawler · 22 March 2020

frugal.rock said:
Haha, Good one Sir Rumpole.
Personally, would prefer to watch paint dry, but that is more indicative of my code bias.
Aerial ping pong isn't my cup of tea unless it's the G Final of course.
Used to barrick for the hawks, for no apparent reason... now, after visiting Fremantle in 2018... go the Dockers?! Fickle I know.

At last another Dockers supporter, you have just hit legend status in my book F.R, passion and optimism what great traits.

frugal.rock · 22 March 2020

jbocker said:
I am REALLY completely baffled by all of this panic buying.
Celebrating my 40th Wedding Anniversary today I thought I would buy a nice bottle of sparkling wine (strictly Aussie made). I looked around the bottle shop and was ASTOUNDED!!!
There was full shelves of grog.
We are going into lock down we run out of f***ing Dunny Paper but there is still plenty of grog.
WTF.
We Aussies really HAVE changed.

Firstly, congratulations on your 40th... I think!
You and your better half are Rubies in the rough!

Probably see a rush on the grog shop's now with the pubs, clubs and ristorants added to the social distance measures.
Cheers.

F.Rock

frugal.rock · 22 March 2020

sptrawler said:
At last another Dockers supporter, you have just hit legend status in my book F.R, passion and optimism what great traits.

Beautiful place Perth, if I had my way we would be living there.
Fell in love with the place, except Rockingham gave me the chill's for some reason...

F.Rock

So_Cynical · 22 March 2020

Maybe this time they will inflate away the debt, was always meant to happen after the GFC and didn't....why the hell isn't Gold skyrocketing???

Knobby22 · 22 March 2020

So_Cynical said:
Maybe this time they will inflate away the debt, was always meant to happen after the GFC and didn't....why the hell isn't Gold skyrocketing???

Just a metal, and there will be less jewellery made.

banco · 23 March 2020

I do get the impression that Government is terrified that the rising debt etc. is going to result in a current account deficit crisis down the road.

So_Cynical · 23 March 2020

Knobby22 said:
Just a metal, and there will be less jewellery made.

Not just a metal, reserve banks dont horde Zinc

wayneL · 23 March 2020

Some of the more hysterical analysts I follow are starting to pedal a conspiracy theory consistent with, well, the theory that has been around a long time.

I'm not that hysterical (yet). But it will be interesting to see what increasing authoritarianism remains after this.

With regards the financial/economic aspect, I'm also asking myself, cui bono.

Humid · 23 March 2020

wayneL said:
Some of the more hysterical analysts I follow are starting to pedal a conspiracy theory consistent with, well, the theory that has been around a long time.

I'm not that hysterical (yet). But it will be interesting to see what increasing authoritarianism remains after this.

With regards the financial/economic aspect, I'm also asking myself, cui bono.

Speak English man your friends might have PHDs mine have STDs....

basilio · 23 March 2020

wayneL said:
Some of the more hysterical analysts I follow are starting to pedal a conspiracy theory consistent with, well, the theory that has been around a long time.

I'm not that hysterical (yet). But it will be interesting to see what increasing authoritarianism remains after this.

With regards the financial/economic aspect, I'm also asking myself, cui bono.

Maybe you should stop reading the "more hysterical analysts" then ?
Infowars perhaps ? Alan Jones ? The Protocols of Zion ?

We have a really difficult situation to address in terms of limiting the spread of this virus, keeping people and business solvent in the meantime, keeping peoples mental and social health intact while in isolation and somehow preserving the economic infrastructure of our societies. (Plus a score more...)

IMV nasty conspiracy theories come under the heading of 5th columnists.

sptrawler · 23 March 2020

Things are going to get very tight for people, it wont be nice, for those not prepared. This will stay in peoples minds for a long time to come.

https://www.abc.net.au/news/2020-03...ia-live-updates-covid-19-latest-news/12079740

People are lining up outside Centrelink offices across the country, with some queues stretching down roads and around blocks, as many businesses are told to shut from midday.

Economic implications of a SARS/Coronavirus outbreak

macca

IFocus

You are arguing with a Galah

basilio

SirRumpole

jbocker

jbocker

Smurf1976

frugal.rock

sptrawler

sptrawler

frugal.rock

frugal.rock

So_Cynical

The Contrarian Averager

Knobby22

Mmmmmm 2nd breakfast

banco

So_Cynical

The Contrarian Averager

wayneL

VIVA LA LIBERTAD, CARAJO!

Humid

basilio

sptrawler

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