Economic implications of a SARS/Coronavirus outbreak

[SirRumpole]

That is a crazy story.

Where the **** was ASIO on this? Massive intelligence failure.

Ban them from ever operating in this country again.

 

[satanoperca]

Ban them from ever operating in this country again.

Who is going to ban them? Who, someone, those green aliens?

 

[SirRumpole]

Who is going to ban them? Who, someone, those green aliens?

We have laws about who can operate in this country, you need an ABN for starters. Look up yourself who administers those.

 

[satanoperca]

We have laws about who can operate in this country, you need an ABN for starters. Look up yourself who administers those.

I asked who, those people, those regulations, those laws, who enforces them in these times?

Laws mean nothing if they are not enforced.

This cracks me up "Look up yourself who administers those" administers. Hope you have keep fit and are strong physically. Because administrators can not force decisions.

 

[rederob]

Over the weekend the USA will overtake all other nations as Trump has chosen to MAGA on the back of COVID-19 records.
The economic implications will be profound.
The USA has chosen the "soft" approach to COVID-19 spread as it prefers individual freedoms over death. This is tragic for those Americans who have noted the hardline successes of other nations and wondered why they could be somehow immune from COVID-19.
Trump is reluctant to close his industries and damage his economy, but push might become shove next week.
Our ASX is in for a step down once this happens as we have always caught a cold after America coughed.

 

[Humid]

God only knows. Power and corruption seem to go hand in hand.
Not a brilliant choice for the US. One guy doesn't know what he is doing. The other doesn't know where he is.

Sounds like the coalition

 

[Humid]

I'm living near a ferry wharf; the 5pm, from Barangaroo, usually disembarks 100+ commuters. Yesterday it was 3. Now run by TransDev, and contracted by the state govt, will milk it for as long as possible. The unions, proud upholders of their 19th century practices, will fight tooth and nail any stand-downs.

The tourist boats have stopped (Mainly Sealink - see Ann .... Capn Cook is owned by them, too)) and the party boats, those lockout law evaders, have been forced to halt.

The 21st century practices are in Centrelink lines

 

[jbocker]

Listening on radio yesterday about a seafood company in SW of WA is spending $1M to opening and running a cannery in (Australia) the SW of WA. Up till now the seafood is caught here and sent to Thailand where it is canned and then (I think) bought back here for sale. I assume exported again. It will cost more to can here but I think it is a trial.

..but its THAT folks is what I want hear. WE need to get some of these things back.

Following up on what I had heard. This is great news. Wish them all the best.
https://www.abc.net.au/news/2020-03-19/canned-seafood-plant-set-for-albany/12068086

 

[IFocus]

I seem to recall they said something about an electric car industry, but that was a long time ago now.

Yep apparently as a result Australians would lose their weekends.......remember that.......same people now want Australia to believe them.

NSW have had a few issues but over all regardless of politics they (state premiers ) have all been very good given the circumstances.

I note that the federal government keep harping on about everyone working together where as the state premiers have just stuck to messaging the issues and requirements.

 

[Smurf1976]

Yep apparently as a result Australians would lose their weekends.......remember that.......same people now want Australia to believe them.

Whilst most people will have had their weekends pretty much stuffed anyway if it involved any sort of social activity whatsoever.

 

[sptrawler]

Yep apparently as a result Australians would lose their weekends.......remember that.......same people now want Australia to believe them.

NSW have had a few issues but over all regardless of politics they (state premiers ) have all been very good given the circumstances.

I note that the federal government keep harping on about everyone working together where as the state premiers have just stuck to messaging the issues and requirements.

I thought the States and Federal are working together?
McGowan is asking for federal assistance with regard the cruise ships.
But hey keep the tribe intact, never bend, never concede, never agree. Lol
Probably the very reason Australia will fall. IMO

 

[Smurf1976]

I thought the States and Federal are working together?

They seem to be working together as such but if I just based it on what's being reported via the media (all of it) then the state premiers of either political persuasion seem to have been somewhat ahead during all of this.

 

[sptrawler]

They seem to be working together as such but if I just based it on what's being reported via the media (all of it) then the state premiers of either political persuasion seem to have been somewhat ahead during all of this.

Based on common sense the Federal Government set up the national cabinet of premiers, so one would think they are an intrinsic part of the process.
It makes sense to have a different response, from different States based on their population density and ability to impliment an appropriate plan.
As I said earlier W.A is a lot different to NSW or Victoria, it isnt a one size fits all IMO.
But it is just my opinion and I think McGowan is doing a great measured approach to it, fortunately he hasnt got a peanut gallery taking shots from all angles.lol
The constant attack on the Federal Government, just shows the loss of an Australian identity IMO.
Now it is a National sport to tear down the Federal Government, it has happened to all the Governments since the fall of Howard.
All it has done is undermine any sense of respect for an elected Government, Rudd copped it, then Gillard, then Rudd, then Abbott, then Turnbull, now Morrison.
The next one wont be any different IMO, we basically have become a rabble, that the media controls.

 

[Smurf1976]

It makes sense to have a different response, from different States based on their population density and ability to impliment an appropriate plan.
As I said earlier W.A is a lot different to NSW or Victoria, it isnt a one size fits all IMO.

Agreed.

The issue though is that certainly the impression the media (all of it) are giving is that the only reason NSW and Vic haven't moved more aggressively is that the feds won't agree.

That could of course be a media beat up but it's the impression they're giving.

 

[Smurf1976]

Looking for data points on the impact this is having on the economy, here's a site which tracks mobility. It shows Sydney as down 80% from normal and also has data for many other cities in various countries:

https://citymapper.com/CMI

 

[sptrawler]

Agreed.

The issue though is that certainly the impression the media (all of it) are giving is that the only reason NSW and Vic haven't moved more aggressively is that the feds won't agree.

That could of course be a media beat up but it's the impression they're giving.

The reason being, that the media is Sydney, Melbourne focused, they are as dumb as duck $hit.
They were cheering on the end to negative gearing for investment properties, last year, yet in W.A mining towns they are selling for a third of what they cost ten years ago. So what would have happened to those people, like I said dumb as duck $hit.
The media Australia wide is calling for an immediate lockdown.
Why would you shut down all industry and schools in Exmouth W.A, Dubbo NSW, Longreach Qld If there is no virus there
It all sounds f##king sensational, but in reality if the virus can be contained to the major cities and not transferred to the country areas, we may actually save a lot of money and angst.
It is like saying we should have an immediate lockdown yesterday, then today Tasmania tells all tourists to F#### off, I mean lets get real.
At the moment there seems to be a controlled shutdown of businesses, the pressure on centerlink would be enormous, they are starting to identify where the outbreaks are and reducing interstate travel.
With luck they will get enough test kits to concentrate where the major transmission is and then lock down where it is required.
W.A and Tasmania, may not even need a complete lockdown, if the outbreaks are localised to Perth and maybe a couple of FIFO towns, who knows
But the ranting that is going on the media IMO helps no one and hopefully ends up in the media imploding.

 

[sptrawler]

Another way of addressing the media issue, would be to say to the media, you call when to do a total lockdown and if it doesnt work you pay for it.
See how much they have to say then.
It is ok having all this tabloid chook fodder, but at the end of the day it is peoples jobs, peoples lives and to do this to them and have it not work, would be absulutely incomprehensible.
Just my opinion.

 

[MrChow]

Futures have the XAO opening +20% since Tuesday.

 

[qldfrog]

They seem to be working together as such but if I just based it on what's being reported via the media (all of it) then the state premiers of either political persuasion seem to have been somewhat ahead during all of this.

Really ? Qld included?
I can not believe how incompetent our state premier has been..
Always the last to act on everything.i am happy to be proven wrong
Our figures are on par with Victoria a much bigger state..a direct result

 

[qldfrog]

Norway sovereign fund has lost 115 billion euro so far.https://www.lefigaro.fr/conjoncture...orvege-a-perdu-115-milliards-d-euros-20200326
Anyone aware of our own fund figure?