Economic implications of a SARS/Coronavirus outbreak

[Country Lad]

People have lost the plot.

A psychologist explained it as people want to feel they have some control and have taken decisive action, hence the toilet paper, hand sanitiser, freezers and all that goes into them. Makes them feel they have done something to take control.

The result of course is something like in the year 2050, young Joe is finally using the last of the toilet paper his grandparents bought in 2020.

 

[IFocus]

Mish talks

This caught my eye

"Managing earnings ends. Corporate buybacks are gone. That's why we won't get back to the old highs."



https://moneymaven.io/mishtalk/econ...hat-s-next-for-america--TaEWIIxf0CmGnNCYxgTHA

 

[sptrawler]

Mish talks

This caught my eye

"Managing earnings ends. Corporate buybacks are gone. That's why we won't get back to the old highs."



https://moneymaven.io/mishtalk/econ...hat-s-next-for-america--TaEWIIxf0CmGnNCYxgTHA

Also why we will probably have to just keep increasing taxes, untill everyone has nothing and then we can all work for the Chinese companies that buy the cheap Australian companies.
Then the Chinese can sort out our economy, that will work well for us.
Unless the western governments sort out the rapid rise of emeging economies, we will be in the position the third world economies were in, before the Lima agreement in the 1970s.
Except I dont think they will be as benevolent.

 

[Dona Ferentes]

An array of information, from the Financial Times and updated frequently. Transmission rates of course but also economic. Plus thought pieces

https://www.ft.com/coronavirus-latest

Free access. No paywall

 

[rederob]

Lockdowns work.
Why has Australia been so slow?


Only the USA's death rate is showing an increasing trend. Maybe another record achievement to hand to Trump as it truly shows his greatness.

 

[qldfrog]

An array of information, from the Financial Times and updated frequently. Transmission rates of course but also economic. Plus thought pieces

https://www.ft.com/coronavirus-latest

Free access. No paywall

Thanks a lot indeed one of the best site i have seen

 

[Knobby22]

Lockdowns work.
Why has Australia been so slow?


Only the USA's death rate is showing an increasing trend. Maybe another record achievement to hand to Trump as it truly shows his greatness.

With Australia it's hard to get us to toe the line and a lot of the infection were from that cruise ship, the ten Americans in SA, and that useless Toorak doctor.

We want to keep some business going as long as reasonable but now we have sealed the borders, a full lockdown isn't far away. Fingers crossed we can do a South Korea.

 

[ducati916]

Well this is what I use. Once (in another life) I used to prescribe this for relevant viral infections. Worked well. Have a read of the research and you may think it worth a try.

jog on
duc

So the effective transmission involves a spike protein binding to ACE2 receptors on the human cell. Then an enzyme, TMPRSS2 effects entry into the host cell. The virion is now within the cell. The viron releases its RNA.

So (if you download the pfdf) St Johns Wort is effective at interfering at the RNA stage. Most of the completed research was done on the HIV viron, which is also an enveloped (within the host cell) virion.

There is substantial lay person websites that provide basic information on SJW and some contraindications to use.

jog on
duc

 

[jbocker]

Lockdowns work.
Why has Australia been so slow?


Only the USA's death rate is showing an increasing trend. Maybe another record achievement to hand to Trump as it truly shows his greatness.

Will this eventually map Australia rederob? It is a great comparison on how nations are tracking, very difficult compare using most graphs, this log graph shows it well.

 

[rederob]

Will this eventually map Australia rederob? It is a great comparison on how nations are tracking, very difficult compare using most graphs, this log graph shows it well.

Norway and Ireland are not yet on it, and both have had more deaths, so maybe when there's enough space to clearly identify more countries they will.
Let's not be in a hurry to appear!

 

[SirRumpole]

How about Russia ? I can' see any Eastern European countries on the list.

India's figures are a bit suspect I reckon. With their population and minimal health facilities they are either very lucky or not being honest.

 

[rederob]

How about Russia ? I can' see any Eastern European countries on the list.
India's figures are a bit suspect I reckon. With their population and minimal health facilities they are either very lucky or not being honest.

Russia has not yet reported 10 dead, so cannot yet appear.
I agree it's a chart focusing on Europe and North America, but reasonable due to readership of the Financial Times.
I cannot imagine any nation is keen to show a high death rate, and maybe an underlying illness is being recorded as the principal cause in some cases (wherever a nation feels it has that option available ).

 

[macca]

How about Russia ? I can' see any Eastern European countries on the list.

India's figures are a bit suspect I reckon. With their population and minimal health facilities they are either very lucky or not being honest.

I have thought of that as well but I suppose they have so many other bugs in India that by comparison this one is not strong enough to do severe damage.

I also thought that the heat may effect the virus, they do say that cold weather suits it which is a worry with our winter around the corner

 

[SirRumpole]

I have thought of that as well but I suppose they have so many other bugs in India that by comparison this one is not strong enough to do severe damage.

I also thought that the heat may effect the virus, they do say that cold weather suits it which is a worry with our winter around the corner

Curry will kill anything they say.

 

[basilio]

An analysis of where the current COVID 19 crisis taking us. Not the time to jump back into markets.

Why stocks have further to fall amid the coronavirus pandemic
By Ian Verrender

If ever you needed convincing that financial markets have become completely divorced from reality, just look at the events of last week.

Over the course of four days, until Friday, Wall Street went on a tear, notching up huge gains which by the end of Thursday's session put it more than 20 per cent ahead of where it began the week.

Technically, that's what traders call a bull market, a sign that the economy is returning to strength and company earnings and, hence, share prices are in recovery.

The performance, based on the hope that central banks and government stimulus would insulate financial markets from a global economic downturn, was more BS than bull.
https://www.abc.net.au/news/2020-03-30/why-stocks-have-further-to-fall-coronavirus-covid-19/12101376

 

[lusk]

An analysis of where the current COVID 19 crisis taking us. Not the time to jump back into markets.

Technically, that's what traders call a bull market, a sign that the economy is returning to strength and company earnings and, hence, share prices are in recovery.

Another trading myth, 20% drop = bear market. Who decided 20%? why not 25%, 15%???

 

[jbocker]

Chatting over the fence to another human on the weekend and she was saying her hubby (FIFO) is maybe going to be away on 3 month stints with 14 day isolations prior to going to site.
They have a 12month old baby. Much care will be required to work with and deal with emotional stress.
Will we see the return of mining towns so that immediate families can be together?

 

[moXJO]

Chatting over the fence to another human on the weekend and she was saying her hubby (FIFO) is maybe going to be away on 3 month stints with 14 day isolations prior to going to site.
They have a 12month old baby. Much care will be required to work with and deal with emotional stress.
Will we see the return of mining towns so that immediate families can be together?

I wonder if he is paid for the 14 days in quarantine?

 

[jbocker]

I wonder if he is paid for the 14 days in quarantine?

Didn't get that detail.
She was thankful that he was still working, and was quite accepting that this is perhaps going to be how it is. My comment is around the potential FIFO employment style transitioning back to Mining towns. Ultimately the desire to be in company of your family must be weighed against what you earn.

 

[Country Lad]

............then we can all work for the Chinese companies that buy the cheap Australian companies.............

Good to see that the government has reduced the ceiling of foreign takeovers from $1.2 billion to nil. Now all we need is for FIRB to have some backbone and start rejecting any takeover proposals.

Decision probably stems from Risland Australia sending many tonnes of Australian medical supplies to China in the early day of the pandemic. Probably a reason we are short now.

https://www.smh.com.au/national/sec...edical-supplies-to-china-20200326-p54e8n.html