As I said regarding the back packer jobs, when push comes to shove, a job becomes a job.I don't know for sure but my thinking is that:
Workers - simple supply and demand economics for the majority who aren't some sort of specialist. Same supply, lower demand as work dries up = better hope you're happy being paid the minimum Award wage and don't expect that to be raised anytime soon. With business now under serious pressure to find cost savings, and plenty of people out of work, if your job isn't something with a very limited number of people who can do it then your bargaining position has been greatly eroded.
Most businesses - fewer people with money who can afford to buy whatever you're selling and who under the circumstances still want your products or services. That goes for everything from beauty salons to oil drilling contractors. Some customers will be frightened to go in your salon, others no longer have the money, and only the most lucrative oil field would even be considered for development with prices as they are. As a business you're now competing for a diminished volume of work.
Landlords especially commercial - if your tenants can't pay the rent well then they're not going to be paying it. Whether or not you kick them out is another matter but if they don't have the money anymore well then they don't have the money. Finding another tenant who does have the money won't be anywhere as easy as it would previously have been.
Passive investors in anything - majority will have lost capital and/or future income.
So my basic thought is that most things will, once this is all over, have a price that's different to the price they'd have had if it hadn't happened. There's going to be plenty of spare capacity among most workers and business for quite some time.
Mr Chow, are you American? No offense but you offer views which are not usual within Australia . I mostly disagree but respect thesehttps://www.telegraph.co.uk/global-...ronavirus-peak-uk-when-what-next-how-prepare/
Have a look at their map graphic where the most infected countries are all at similar latitude / temperature.
I like they're waiving the wait period & asset test if you lose your job.It looks as though things are warming up, the assistance package the Government is rolling out, sounds fairly comprehensive.
https://www.smh.com.au/national/cor...daily-jump-in-death-toll-20200321-p54cl4.html:
From the article:
$189 billion stimulus package, to be rolled out.
My sister in law is a doctor and the truth is that the older you get the less they will spend. 80 year olds are not given $40,000 operations.
Five things to help stop the spread of coronavirus
The World Health Organization is advising people to follow five simple steps to help prevent the spread of COVID-19:
1. Wash your hands
2. Cough/sneeze into your elbow
3. Don't touch your face
4. Stay more than 1m away from others
5. Stay home if you feel sick
gg
It’s starting to look like Italy and Iran May have peaked.
That is the case, we may see the “Active cases” growth begin to stagnate soon.
There is currently about 115,000 active cases at the moment (not counting people who have already recovered).
it’s still super early to make predictions, but I wouldn’t be surprised if we see the active cases number stagnate before it hits 200K.
(total cases is already over 200k but that includes the dead and recovered, I am just talking about active cases Eg those currently infected)
In term of tally, France for an example i know is only testing cases who are basically in hospital already, hard to compare with South Korea or Germany who did wide testing si you will see heavy mortality rate in France vs Germany for examplemad it turns out Italy hadn’t peaked, and we now look very likely to smash through the 200k active cases, I thought/hoped the global spread would have stagnated before we got to that number.
Who knows where this thing is going to peak, but hopefully daily new cases plateau soon.
And a depression would mean an almost exact repeat of the same period one hundred years ago, when a deeply divided society and soaring stock markets during the 1920s gave way to a tortuously slow return to economic health during the 1930s in the wake of the 1929 stock market crash.
I don't know about Germany, but South Korea did a huge amount of testing, because they actually make the test chemicals, you will probably find out Germany has laboratories that can make the test chemicals also.In term of tally, France for an example i know is only testing cases who are basically in hospital already, hard to compare with South Korea or Germany who did wide testing si you will see heavy mortality rate in France vs Germany for example
I still believe Germany adopted the St Korea handling whereas France ..as Australia followed the laisser faire attitude , acting one week behind..too late and heading to Italian style catastrophe.
We still have the time if acting now to limit some damages
Oh no not the Bottle Shop, I've bought two cartons of beer, 6 wine casks, two dozen bottles of Shiraz, 4 liters of Jack Daniels, 6 cartons of coke, and a box of panadol.NSW and VIC, ( I would assume other states will follow), announce shutdown of all non essential services, saying supermarkets, pharmacies, fuel stations are exempt. Does that mean the local bottle shop, hardware, office supplies, department stores etc are shutting down? If so, a massive hit to the retail and commercial property exposed sectors.
Just been down the Sands pub, exchanged some spare toilet rollsOh no not the Bottle Shop, I've bought two cartons of beer, 6 wine casks, two dozen bottles of Shiraz, 4 liters of Jack Daniels, 6 cartons of coke, and a box of panadol.
I should be o.k untill next weekend.
I don't have a link but I've seen a chart which seemed to be credible data.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.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?