2020 Collapse

Discussion in 'Markets & Economies' started by TreasureHunter, Dec 8, 2019.

  1. TreasureHunter

    TreasureHunter Well-Known Member

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    What is the difference between Corona virus infection and "ordinary" flu?

    Surgical masks were sold out in Switzerland as well:
    https://www.thelocal.ch/20200128/sw...surgical-masks-as-fear-of-coronavirus-spreads

    It's also "flu season" in Europe and many people are already dying because of it. Yes, it too can lead to pneumonia.

    From what I know, sometimes viruses can mutate together, so basically a cross-over between Corona virus and "common flu" could happen, I think. I'm no biologist, just guessing and even worse scenario.

    They say the're working on a cure against Corona virus.

    But: we still don't have any cure/vaccine against Dengue Fever. Why is it so "impossible" to find a cure for the latter? But they did already create vaccines for newer diseases, such as SARS etc.?
     
  2. pennys

    pennys Member

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    A corona virus is basically the common cold - a severe version. A vaccine for a corona virus is probably not going happen. Just have to deal with it (and the share market probably isn't given that China has practically stopped and so too supply lines around the world).
     
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  3. alor

    alor Well-Known Member Silver Stacker

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  4. TreasureHunter

    TreasureHunter Well-Known Member

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    I'm reading and hearing news about food shortages - probably because of the corona virus.

    China has food shortage issues in the corona-affected areas. But, China is also a major agricultural producer.
    I think China's food exports will be affected. Pretty soon we'll hear about even more food shortages.

    Food shortages occur in the USA as well - not all because of the corona virus:

    https://www.businessinsider.com/who...-are-facing-a-crisis-of-food-shortages-2018-1
    https://www.businessinsider.com/walmart-store-wuhan-empty-coronavirus-2020-1
     
  5. JulieW

    JulieW Well-Known Member Silver Stacker

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    Eat local produce.
     
  6. openeyes

    openeyes Well-Known Member Silver Stacker

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    https://www.cdc.gov/dengue/prevention/dengue-vaccine.html
     
  7. Number 47

    Number 47 Well-Known Member

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    I've always made the effort to look at what I'm buying to see where it's from.

    I avoid imported food like the plague and I'm prepared to pay the premium for food grown in Australia.
     
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  8. alor

    alor Well-Known Member Silver Stacker

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    from Aust, we look to make sure strawberries and grapes does not have needle
     
  9. Number 47

    Number 47 Well-Known Member

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    I'd take a pin in my Australian strawberry over hepatitis in my frozen Chinese berries any day.
     
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  10. openeyes

    openeyes Well-Known Member Silver Stacker

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    R
    Right with you there
     
  11. JulieW

    JulieW Well-Known Member Silver Stacker

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    Absolutely. California or China. All the same.

    Support our local farmers.

    If only imported food caused sterility and not just lowered IQ.
     
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  12. Number 47

    Number 47 Well-Known Member

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    They should put tariffs on imported food to even up the playing field.
     
  13. JulieW

    JulieW Well-Known Member Silver Stacker

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    I'd prefer education on the nutritional value and toxicity.
     
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  14. Silver260

    Silver260 Well-Known Member Silver Stacker

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    Firstly, my apologies if someone has already said this... 14 Pages!!, which I'm still working through :) . Secondly, I'll try to be brief, avoiding a wall of text.

    Do I think we'll have a major ( world ) recession, let alone a depression, this decade?, probably not. I'm not concerned about a major downturn. I'm concerned about what we'll do to avoid one.

    Economics is now about politics, and recessions have become politically unacceptable. Governments will throw everything they have at any serious signs of a slowdown.

    People laugh at MMT now.... I fear we won't be laughing when every side of politics embraces it.
     
    Last edited: Feb 9, 2020
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  15. TreasureHunter

    TreasureHunter Well-Known Member

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    ^
    Mainstream media is already announcing the crisis for 2020. They have been shouting it out loud since last years. AS IF THEY KNEW!

    They're preparing it.

    Yes, I believe it'll happen until 2030. But 2020 sure started like a hot year: Australia bushfires, Corona virus outbreak, Iran shooting down of the Ukrainian airliner, Brexit finally finalized ( :D ), French protests (in which they almost lynched "little boy" Macron with his "grandma")...

    Too many events for just 1 month in to 2020.
     
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  16. Oddjob

    Oddjob Well-Known Member Silver Stacker

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    [​IMG]
     
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  17. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    I was listening to this video and learnt that the Cyprus stock market crashed 98%. Yes, 98%, I didn't know that is possible so I did a search.



    [​IMG]
     
  18. Oddjob

    Oddjob Well-Known Member Silver Stacker

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    110% agree. Back in 2007/08 Dudd spent big bucks on "$900 cash splashes" and Govt programs like the "BER" & "Batts are Burning" to try and stave off a recession on his watch....which did happen. As someone who presented themselves to the Aust public as a "fiscal conservative", his policies moved Australia from being a "net lender" to the world to a "net borrower" from the world....a position which successive govt's have been unable to break due to the policies implemented by the Dudd / Juliar Govt's that politically are hard to pull back on (NBN and NDIS to name a couple).

    If Dudd had not of politically panicked and not spent the cash Australia had amassed (and borrowed more too)....ie did nothing and let the economy have it's it's way, would we had gone into recession???...Don't know, but if yes if would have been short lived and IMO we missed an opportunity to potentially re-set the economy post 16 years of uninterrupted growth and weed out the practices and companies that could only survive in the good times.

    To be fair, Howard squandered big bucks on successive tax cuts over a couple of elections given the strength of the economy at the time, rather than locking away those surplus $'s for a rainy day in a sovereign fund as was done with the Telstra float.
     
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  19. openeyes

    openeyes Well-Known Member Silver Stacker

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    Some would call that natural selection. But I do agree people should be educated.
     
  20. sammysilver

    sammysilver Well-Known Member Silver Stacker

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    I do believe that the Future Fund will be used as a back stop if required. Then the gov will dip into our super. If super, the big funds, SMSF will be too bitsy to chase. Avoid gov bonds though.
     

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