How much has the coronavirus cost you so far?

Discussion in 'Current Affairs' started by willrocks, Apr 1, 2020.

  1. 66rounds

    66rounds Well-Known Member Silver Stacker

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    I don't think they can claim the full subsidy, only the standard wage for each worker.
     
  2. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    There is no standard wage for a casual. I know from another business that there is only a standard JobSeeker subsidy of $1500 per fortnite.
     
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  3. 66rounds

    66rounds Well-Known Member Silver Stacker

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    I meant what they earn on average. Even casuals typically have a regular income. If it's true they can claim a full $1500 per fortnight for workers earning $1k a fortnight then they have played crony capitalism out to its maximum extent.
     
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  4. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    I haven’t really followed the way this thread has turned but it doesn’t strike me as socialist, but rather crony-capitalist.

    McDonalds is good at that game. There’s one playing field for them, and another playing field for regular guys.
     
  5. 66rounds

    66rounds Well-Known Member Silver Stacker

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    Socialist hand out policies coupled with a crony capitalism market. Everyone wins except the honest trader.
     
  6. Roswell Crash Survivor

    Roswell Crash Survivor Well-Known Member Silver Stacker

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    My net capital loss for remainder of FY2019/20 will be less than AU$10,000. Sheer serendipity.

    I halved my equity positions in late December/early Jan.
    Was alarmed by all the MSM mentions of "stock indices hitting all time highs!!1".
    Historically, that has been the herald of a correction.
    I was expecting "2008 crash on steroids" for 2020, not "SARS on steroids shutting down the world".

    Also helps I banked the proceeds of sales mostly in US Dollars, which helps my P/L when computed in AUD.
    The infrastructure ETFs owning airports, toll roads and power plants are a sea of red. Hoping for regain some value when they eek out some dividends in Q3/Q4. Industrial REITs are a worry with de-facto 'rent strikes'.
     
    Last edited: Apr 15, 2020
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  7. Holdfast

    Holdfast Well-Known Member Silver Stacker

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    Farmers Are Destroying Their Crops.
    *Pouring milk down the drain; farmers cannot sell raw milk but they can give it away.:rolleyes:o_O :confused:
    *Beans, 4 million pounds lost. :(
    *Cabbages, 5 million pounds lost :(
    *Tomatoes 10 million pounds lost :(
    *140 million Tulips destroyed :D
    And that's reports from just a few farmers. :(:confused:
     
    Last edited: Apr 15, 2020
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  8. leo25

    leo25 Well-Known Member Silver Stacker

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    It's only cost me about $600 so far. That's to buy new HDDs in order to upgrade my media server. I ended up running out of HDD space much faster then expected due to the Coronavirus.

    On the plus side i have enough entertainment to last us through the Covid shutdown, the depression and most of the global collapse. Just need enough food to keep me alive to watch it all.
     
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  9. alor

    alor Well-Known Member Silver Stacker

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    get a 200TB one
     
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  10. alor

    alor Well-Known Member Silver Stacker

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    [​IMG] barrelyliving.com or [​IMG]
     
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  11. Silverling

    Silverling Well-Known Member Silver Stacker

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    ^^^Now that is a silver bar I would like to get my hands on.^^^
     
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  12. Silver260

    Silver260 Well-Known Member Silver Stacker

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    What's it going to cost me?

    Just about to receive a 50%+ pay cut ( reduction in hours). All ready applied for some weekend casual work, through a previous employer.
     
  13. heartastack

    heartastack Well-Known Member Silver Stacker

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    Well I just received the US 1200. I’ll contribute to gold price inflation, soz.
     
  14. jultorsk

    jultorsk Well-Known Member Silver Stacker

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    Stumbled on this statistic via ABC Bullion blog; appears even before the virus half of working households had less than $7,000 in the bank (not taking into consideration bonds/stocks, and excluding credit card debt). So the estimate is give or take 5-6 weeks from the onset of income cut before it starts to hurt in earnest in the larger population.
    Screen Shot 2020-04-17 at 7.50.57 pm.png
    https://blog.grattan.edu.au/2020/03...s-few-australians-have-much-cash-in-the-bank/
    (https://www.abcbullion.com.au/investor-centre/pdf/gold-clears-1700-as-qe-returns)
     
    Last edited: Apr 20, 2020
  15. Ag bullet

    Ag bullet Well-Known Member

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    of course i have less than $7000 in the bank but that doesn't mean i have less than $7000. :D
     
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  16. Eureka Moments

    Eureka Moments Well-Known Member Silver Stacker

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    In Vic dairy farmers can't sell unpasteurised milk but they can sell dairy cows to the general public and then give unpasteurised milk to the owners legally. One farm nearby does this and also sells pasteurised but unhomoginised milk in retail outlets. Had a carton the other week when all the the watery supermarket stuff was sold out, magnificently creamy and even makes International Roast taste yummy.
     
  17. silverhair

    silverhair Well-Known Member

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    Had a property developer shaft me 175k in the last 9 days.

    They are refusing to honour the contract and time lines agreed to.

    Lucky we did not hand over the majority of the equipment purchased for the project. Most has now been resold elsewhere.

    Total exposureis down to 32,000 after this weeks efforts and vendor assistance.
     
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  18. Ag bullet

    Ag bullet Well-Known Member

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    my BS detector just went off!:p
     
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  19. alor

    alor Well-Known Member Silver Stacker

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    [​IMG]
     
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  20. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Mammals only produce milk when they have offspring, how do they make the dairy cows produce milk daily unless there's a calf?
     

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