News Coronavirus Thread

[Del191229]

WTF would you know about viral epidemiology and dispersion?

You're just another ***ing "tabloid expert" clinging to whatever reinforces your psychological & political preferences.

All media hysteria to distract from the failing climate change hoax was your take Dr Expert.

 

[Del191229]

Haha, Comrade Coronavirus takes Washington!

 

[Ether]

Haha, Comrade Coronavirus takes Washington!

Quickest turnaround from "nothing to see here" to emergency settings you'd care to see.

 

[7577969923]

Late stage neo liberal capitalism collapsing before our eyes.

I'm sure you have predicted 15 of the last 2 recessions!

 

[Snake_Baker]

I'm sure you have predicted 15 of the last 2 recessions!

“It has been more profitable for us to bind together in the wrong direction than to be alone in the right one. Those who have followed the assertive idiot rather than the introspective wise person have passed us some of their genes. This is apparent from a social pathology: psychopaths rally followers.” ― Nassim Nicholas Taleb

 

[arden station]

Join the communist revolution comrade

Honestly, wont happen, love the idea

True but if ever there's an appetite to make changes so that resource companies and their billionaire owners actually have to pay tax at a rate that small business and individuals currently pay it at, it'll be when austerity measures kick in to foot the Coronavirus bill.

 

[krakouers]

True but if ever there's an appetite to make changes so that resource companies and their billionaire owners actually have to pay tax at a rate that small business and individuals currently pay it at, it'll be when austerity measures kick in to foot the Coronavirus bill.

I'm on your side arden station but honestly, you know it will be the opposite, they will encourage mining investment so they will continue to minimize taxation on the industry

Should have happened years ago but look at what the blow back has been from minor increases (Carbon tax, additional resources tax etc)

Comrade, our glorious revolution will just have to wait a few more weeks

 

[Del191229]

“It has been more profitable for us to bind together in the wrong direction than to be alone in the right one. Those who have followed the assertive idiot rather than the introspective wise person have passed us some of their genes. This is apparent from a social pathology: psychopaths rally followers.” ― Nassim Nicholas Taleb

You actually read Black Swan? Or just babbling bullshit you found on social media that you don't understand as usual?

 

[Groin guru]

Quickest turnaround from "nothing to see here" to emergency settings you'd care to see.

His critics had a similar quick turnaround:

"you need to panic more" to "stop panicking a leader needs to be calm"

 

[Del191229]

I'm sure you have predicted 15 of the last 2 recessions!

No, just this one. Put my money where my mouth is too and withdrew half my super into cash late last year when everyone else was talking about the endless bull market.

How's your super/investment gone last few weeks?

 

[Carlos Herrrnandez]

Let’s hope we follow the German mortality rate (0.22%) over the Italian one (8.3%)

Currently not blocking over 60s access to hospitals like Italy (they would have their reasons, but it’s not looking great) is a good start towards that.

 

[GarnerSmash]

Interesting little tidbit re the ASX.

From end July 2008 to end October 2008 the ASX dropped 10.4%, 12.8% and 6.85% each month. By the time things started levelling out in Feb 2009 and the initial market effects of the GFC had played out, the market had lost 35% of its value.

In Feb this year the market lost 9.5% of its value. So far in March it has lost a further 23%. And we are about to go into a lockdown.

 

[ferball]

18/3/20 - +116 = +25.83%
17/3/20 - +77 = +20.37%
16/3/20 - +77 = +25.75%
15/3/20 - +49 = +19.60%
14/3/20 - +42 = +20.10%
13/3/20 - +50 = +31.45%
12/3/20 - +24 = +17.78%
11/3/20 = +20 = +18.69%
10/3/20 = +14 = +15.05%

How do those increases compare to Italy... Do you know. I heard they were going at close to 33%.

If that difference is real it will be important.

 

[ferball]

Join the communist revolution comrade

Honestly, wont happen, love the idea

I've been banging on about this to anyone who'd listen for years.

 

[krakouers]

I've been banging on about this to anyone who'd listen for years.

 

[ferball]

His critics had a similar quick turnaround:

"you need to panic more" to "stop panicking a leader needs to be calm"

That's a great call by Trump.

Morrison hasn't been too bad either this last few days. The sooner he follows suite on that the better.

 

[B4Bear]

How the F does quoting facts make me an Alan Jones Fan?

I was agreeing with you, he is the fan.

 

[Moti]

Noticed the shops were a touch better today which is good.

I think the government's position is pretty good so far. The restrictions on entering the nation is a pseudo ban and will slow the imported cases to a crawl. Considering the way most people are interacting, outside of supermarkets, it lends itself more to cluster infections rather than general infections at this stage.

 

[Kangaroos4eva]

I'm on your side arden station but honestly, you know it will be the opposite, they will encourage mining investment so they will continue to minimize taxation on the industry

Should have happened years ago but look at what the blow back has been from minor increases (Carbon tax, additional resources tax etc)

Comrade, our glorious revolution will just have to wait a few more weeks

I've been banging on about this to anyone who'd listen for years.

View attachment 842416

I knew it, you wannabe Mensheviks...

FWIW, I tend to agree that certain industries should be nationalised for the good of the long-term economy and for security reasons. This is coming from someone who sees the value in both leftist and centrist economics but strongly aligns with fiscal conservatism with bits of social democracy and economic liberalism to balance each other out. Mixed market basically.

Mining, in particular uranium production, is something that should be looked at more closely. Telecommunications is another. Even if we don't go full nationalisation, I would like to see corporate taxes (loopholes and enforcement) revisited immediately after all the industries have stabilised. I'm not arguing for massive increases, but I don't like some larger companies getting away with low taxes (or tax breaks) when they really don't need them and fiscal conservatism should be all over those issues in theory.

Anyway, this a discussion for another time...

 

[krakouers]

I knew it, you wannabe Mensheviks...

Always room for more comrade

 

[Kangaroos4eva]

Always room for more comrade

Edmund Burke just rolled around in his grave...

 

[7577969923]

No, just this one. Put my money where my mouth is too and withdrew half my super into cash late last year when everyone else was talking about the endless bull market.

How's your super/investment gone last few weeks?

I have been in cash for a while. Even without the virus shock there was zero value in the market.

 

[Del191229]

Interesting little tidbit re the ASX.

From end July 2008 to end October 2008 the ASX dropped 10.4%, 12.8% and 6.85% each month. By the time things started levelling out in Feb 2009 and the initial market effects of the GFC had played out, the market had lost 35% of its value.

In Feb this year the market lost 9.5% of its value. So far in March it has lost a further 23%. And we are about to go into a lockdown.

Yep, further to fall too.

Once we know the peak of how bad it will get (say July) then buy buy buy.

 

[Del191229]

I have been in cash for a while. Even without the virus shock there was zero value in the market.

Exactly, it has been froth on the bubble for months now.

 

[Del191229]

Edmund Burke just rolled around in his grave...

We're going to dig him up and burn what's left.