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I agree and just want ASF people who read promising headlines realise the vacuum these great news are based on.
I agree and just want ASF people who read promising headlines realise the vacuum these great news are based on.It doesn't work. It was known it didn't work a month ago. Big Pharma can make lot of money if it can get approval. It annoys me resources are being spent on this when there are other more promising alternatives.
"Once we start lifting these restrictions we will see," he says. "We will see if it's just at a level where we see spot fires and we'll be able to quench them. On the other hand, it could flare because it is so infectious.
"The meat works and the construction industry have been out there as an experiment because we never closed them down."
"That's the sort of thing where if we see a flare-up and contain it we are in good shape. On the other hand, if we get multiple flare-ups and get more widespread cases in the community, the worst case is you would have to shut down again, which would be disastrous".
If we actually did invest in something else then I agree with you.Once again my argument is not that we would increase national income (from all the sources mentioned) if we made huge capital investments in steel mills or oil refineries, my argument is that the huge amounts of capital are better used else where in other parts of the economic web of industry.
I claim no expertise on viruses but it seems logical that having extensive lockdowns during autumn is a somewhat more favourable situation than lesser lockdowns during winter so I think the uncertainty does seem warranted.Despite the sense from Doherty that we have dodged a massive bullet, he refuses to confirm we have passed the worst.
If we actually did invest in something else then I agree with you.
If it's a steelworks versus blowing another housing bubble though well then the steelworks at least brings in some real wealth.
I don't disagree but I also don't see why both can't be done.We are investing in other things large and small, right across the economy.
I claim no expertise on viruses but it seems logical that having extensive lockdowns during autumn is a somewhat more favourable situation than lesser lockdowns during winter so I think the uncertainty does seem warranted.
It would be premature for anyone to be thinking this is all over in my view. All you can really say with certainty is that if you need to get out and about and get things done, whatever, well then doing so right now is probably wise. The old "make hay while the sun shines" line of thought - further improvement will be slow but there's some chance we see things go backwards.
I claim no expertise on viruses but it seems logical that having extensive lockdowns during autumn is a somewhat more favourable situation than lesser lockdowns during winter so I think the uncertainty does seem warranted.
It would be premature for anyone to be thinking this is all over in my view. All you can really say with certainty is that if you need to get out and about and get things done, whatever, well then doing so right now is probably wise. The old "make hay while the sun shines" line of thought - further improvement will be slow but there's some chance we see things go backwards.
I like your bucket list GGI'd be getting on with it. A contact in S.Korea tells me they have had over 30 cases in the last 24 hours after nearly 2 weeks with none. This was due in the main to lifting restrictions.
Before it is too late.
- Build a bridge
- Cheat on your missus
- Erect an edifice
gg
I don't disagree but I also don't see why both can't be done.
It's not as though capital is scarce. It's so abundant that the problem has been finding somewhere to put it all hence the "everything bubble". It's like air or sunlight, there's so much of it that there's no need to ration it out.
there is definitely limits to Australian capital.
Until he can no longer do the manual labour, then he is thrown on the trash heap with all the others who no longer have anything to offer.It's much the same as someone with nothing to offer other than manual labour is almost always in a weak negotiating position with an employer.
There is a limits to our capital and that limit will fall as our currency falls, unless we start and develop a first World economy.there is definitely limits to Australian capital.
There may well be but looking at the amount shoved into inflating the price of the same houses we already had, all we'd need to have done would be to take a few % of that to fund just about anything else we could possibly need.
I've nothing against business making a profit and so on, but I'd much rather see a diverse and reasonably higher value economy than one which relies on resource extraction and low value services. There's a role for that, but of itself it's not enough. Those sorts of things always involve competing against the Third World countries, as evidenced by the suggestion that China could buy from elsewhere, and exist at the mercy of the buyers.
It's much the same as someone with nothing to offer other than manual labour is almost always in a weak negotiating position with an employer. In contrast, the further someone goes down the intellectual and value added track, the stronger their bargaining position tends to become.
I reckon a big GST hit is London to a brick and Mombasa to a melon, along with measures to introduce a cashless economy.The 'spurts are lining up with 'best in show' predictions
Key points:
https://www.abc.net.au/news/2020-05-11/economic-cure-post-coronavirus-is-tax-reform/12227760
- Deloitte Access Economics forecasts unemployment will not get back to 5 per cent until late 2024 and the budget will remain in deficit until then
- Most experts agree economic recovery will have to involve tax reform, which could include abolishing state stamp duties and raising the GST
- Some experts want to see the Federal Government bring forward its tax cuts, while others argue cuts for high-income earners should be dumped
"Public enemy number one is not the budget deficit — it's unemployment." - Dr Chris Richardson
Gert people back to work (in a way that doesn't endanger us with more virus spread). I will only take seriously anything that comes from those that have either lost a job or seen a marked reduction in income. It would be hard to find a prognosticator, bureaucrat or politician for that matter that is out of pocket.
Those two will be at the top of the to do list IMO.I reckon a big GST hit is London to a brick and Mombasa to a melon, along with measures to introduce a cashless economy.
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