CoronaVirus ==> Empty Shelves

[woodPixel]

Just back on topic for a brief moment. If anyone's thinking about spending serious money on tools or other items, better do it now at existing list prices. Be prepared for a 20% hit from our tanking exchange rate.

There are some seriously deep disruptions barrelling down the pipe with bonds, repos, currency and commodity contangos... and various fiscal stimuli.... Jesus H Christ, the positions in/on derivatives are simply beyond belief (!!!!!!). Leverage, OMG, the numbers are insane. I, personally, think that we are about to see some seriously huge and incredibly violent movements in currency valuations.... the USA is about to print to oblivion.... the old AUD dollerydoo might yet spike directly upward like a meteorite.

The markets are nuts. The trades are nuts. Everything is a COMPLETE shitshow.

BUT, you are right, we need tools I'm thinking of buying a plane with any free loot

I'm now in the shed for the duration with the nearest neighbour 800 metres away.

You lucky bastard

[woodPixel]

And if the numbers go where it seems likely, where would the bodies be stored?

I doubt there will be any funerals of victims. They'll all be cremated ASAP.

[Lappa]

I’m pretty sure the ice rink morgue is in Spain.

Email this morning from “the boss” to say TAFE is pausing classes for two weeks so we can set up to go mostly online.
Happens from next Monday. Online will start up after the Easter Holidays so we have two weeks to get it up and running.

[Lappa]

I’m pretty sure the ice rink morgue is in Spain.

Email this morning from “the boss” to say TAFE is pausing classes for two weeks so we can set up to go mostly online.
Happens from next Monday. Online will start up after the Easter Holidays so we have two weeks to get it up and running.

[Tccp123]

Days.jpg

[DomAU]

A Debt Jubilee will need to be called.

3 months, perhaps 6.

Let's hope not. That would be devastating.

[BobL]

A bit of light relief. OK its not for everyone


Can't help thinking that even this would have more impact than any add the Govt has put out so far..

[Glider]

It occurred to me after a yarn yesterday with a neighbouring farmer than social distancing is normal practice for people on the land. We were at least 2.5 metres apart as usual. It's different in town much less Sydney.

mick

- - - Updated - -

[GraemeCook]

Finally, the massive efforts of Italy may be starting to pay off. The number of new cases of COVID-19 has been trending down for the last three days, as highlighted by the red arrow.

Another two days of similar trending and it will be statistically significant.

Italy New Cases.jpg

This is not to say that there will not be a lot more pain. Italy still has over 57,000 active cases of which 3,500 are serious or critical. There will be more deaths, but they are probably on the up-slope.

[Usual qualifier as I do not know reliability of source.]

[BobL]

My lads latest 3D printed face shield head band and easily removable/replaceable clear plastic file divider spatter shield.
3Dshield.jpg

[taz01]

I know this should be in a joke post but here is is anyway.

Maybe this would work in Bondi...

Sent from my SM-G973F using Tapatalk

[BobL]

I know this should be in a joke post but here is is anyway.

Maybe this would work in Bondi...

In the US it would just be an excuse for all the gun nutters to kick off?

[DomAU]

Putting aside the direct health risks of this virus, the thing that both worries me the most and angers me the most, is that the economic impact and the inequitable outcomes that it will drive are not due to the virus at all but the last 40 years of irresponsible monetary, fiscal and overall government policies.

The fragility of our entire system, brought about by the extreme leverage taken by corporations, smaller businesses and individuals (insane mortgage) debt) that was facilitated through centrally manipulated suppression of interest rates and loose government policies as well as prior bail-outs, is why we will now see such devastation and annihilation of the world as we know it.

We haven't even started proper lock-downs and people, individuals and businesses, are screaming for the government to help them, as if the government can magically create real wealth. I've always planned for at least a couple of months without work and never extended myself financially beyond the ability to support myself and family - to my detriment in terms of investment returns / asset bubble gains. I'm not sure if people understand that the people support the government not the other way around. The government can only provide something to someone if they take it from someone else. This will lead to grossly unfair outcomes, with some responsible people (and future generations of taxpayers) footing the bill to cover many people and businesses that lived large and consumed beyond their means while times were good, rather than saving for, and investing in, the future. Shame on those people who are now sticking their hands out. Of course we must help them, I would never walk by and let a neighbor starve, but it doesn't make it fair or equitable.

Not only that, but I fear that the entire system is going to break-down given how much money the USA and even our central bank is creating and how badly they are distorting the financial markets. I fear that the fall-out from this catastrophe will be worse than any direct effects of the actual virus itself.

Anyway, let's see. In any event as a best case I predict massive inflation in basic goods, a huge wealth transfer from the middle-class and any savers as well as future generation(s) and far more socialist policies and central control by governments going forward.

We should be supporting each other and behaving responsibly with regard to saving, consumption and investment, but instead we go the other way and think that the government will be our parents and look after us.

Cheers comrades,

Dom

[NeilS]

I know this should be in a joke post but here is is anyway.

A little well placed humour never goes amiss.


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[BobL]

Had to take one of the dogs (Willow) to vet about her eye. Not permitted to wait in Vet waiting rooms, have to wait outside or in car with AC running as it was 34ºC in the shade and call the Vet when we arrive. When they are ready we had to bring Willow to door and they took her in. Then when ready to release the vet calls us to go back to the door to pick up. All very sensible really.


Turns out Willow has something stuck in her eye and will have to have a general anaesthetic to have it removed. More bloody $$$$.