Sir Robert - The Coming Economic Crisis

[donna]

^^Good post.

We are still tied to the apron strings of the motherland (UK), but in fairness we couldn't risk a run on our ICU wards as we are severely under-resourced so using a fire hose to put a camp fire was the safest approach and we need to be thankful we're in a position to come out of lockdown.


Is it fair to say our businesses have not held enough capital to withstand an event like this? We live from pay packet to pay packet and probably most of our businesses do likewise - which is risky but a risk we believe is worth taking. Our banks need to have a minimum level of capital, what may come out of this event is businesses are also required to hold a min. level of capital too.

On another note - a Charles Darwin quote.......

It is not the strongest of the species that survives, nor the most intelligent that survives. It is the one that is the most adaptable to change.

Darwin quotes to inspire business

cheers,

Donna

[Perry]

Is it fair to say our businesses have not held enough capital to withstand an event like this?

Quite likely, but how many businesses can afford "the luxury of" such reserves?

We live from pay packet to pay packet . . .

Who is "we?"

. . . and probably most of our businesses do likewise - which is risky but a risk we believe is worth taking.

Again, who is "we?"

I did once, but that was a while ago, now.

[donna]

^^ it's a royal 'we' not suggesting it's you or me or PropertyTalkers. Though, I'm still guilty of it to a degree - not down and out after a month but 6 months might be stretching it before I'd have to sell an asset.


cheers,

Donna

[learner]

You're right, PC. I've just checked that Taiwan, as of today, has 395 cases of Covid19, of whom 340 were cases of people coming into Taiwan. There have been 6 deaths. This is in a country of over 23 million people, roughly the same as in Australia. Compare this to 1401 cases in New Zealand and 9 deaths in a country of fewer than 5 million.

Also schools have been kept opened, joining just a handful of countries doing likewise, and many industries have been operating. They're also producing over 13 million face masks a day, donating them to the US, EU, and some Asian neighbours.

They must be doing something right. Jacinta did mention on TV that NZ were looking at how the Taiwanese were dealing with the pandemic, and yet the World Health Organisation have been ignoring them, and have not let them participate.

[flyernzl]

Also perhaps is a good time to sell citizenship to wealthy foreigners. Let them buy a plot of land and build their bunker so they have a bolt hole from the next pandemic. I know, not palatable, but lots of people are allowed in each year for free so if people want to pay a huge amount to have a place to escape to with their kids, on the condition they quarantine properly why not? They may pay the money and never come here. At least it would reduce the tax burden on future generations.

This idea was floating in an article in the Herald.

"A proposal for New Zealand to attract 2000 foreign high-net worthers to invest at least $50 million each here to create jobs in return for a New Zealand visa is gaining momentum.

The concept was originated by investment banker Troy Bowker. It comes down to: first, squash the coronavirus completely, then announce to the world that New Zealand is free of Covid-19 but it's come at a great cost economically. Follow through by announcing that New Zealand will launch a scheme whereby (say) the first 2000 people who comply with strict investing criteria can relocate here with their immediate family."

https://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=12324752

[Frezzinghot]

You're right, PC. I've just checked that Taiwan, as of today, has 395 cases of Covid19, of whom 340 were cases of people coming into Taiwan. There have been 6 deaths. This is in a country of over 23 million people, roughly the same as in Australia. Compare this to 1401 cases in New Zealand and 9 deaths in a country of fewer than 5 million.

Also schools have been kept opened, joining just a handful of countries doing likewise, and many industries have been operating. They're also producing over 13 million face masks a day, donating them to the US, EU, and some Asian neighbours.

They must be doing something right. Jacinta did mention on TV that NZ were looking at how the Taiwanese were dealing with the pandemic, and yet the World Health Organisation have been ignoring them, and have not let them participate.

So will any of the fan boy media ask any hard questions like this or will the teddy bear talk prevail, Im over the crap coming out of our media, it seems if everyone of them is muzzled and shocked before entering the press box!

[Frezzinghot]

This idea was floating in an article in the Herald.

"A proposal for New Zealand to attract 2000 foreign high-net worthers to invest at least $50 million each here to create jobs in return for a New Zealand visa is gaining momentum.

The concept was originated by investment banker Troy Bowker. It comes down to: first, squash the coronavirus completely, then announce to the world that New Zealand is free of Covid-19 but it's come at a great cost economically. Follow through by announcing that New Zealand will launch a scheme whereby (say) the first 2000 people who comply with strict investing criteria can relocate here with their immediate family."

https://www.nzherald.co.nz/business/...ectid=12324752

Pretty much more of the same then, selling out our country to rich asians with an everlasting amount of cash, I thought only National did that?

[Learning]

I can see Cindy and her Socialist party following Taiwan's rule book...
- $16,700 fine for breaching quarantine.
- $8,400 fine for travelers failing to declare travel or health concerns.
- Up to 7 years prison and fine of $278,000 for price gouging on virus protection products. (Trademe face masks anyone?)
- $167,000 fine for spreading "Fake news" (What do the 5g paranoia band think of this one?)
- Ban on exporting surgical masks and bringing in the army to make them.

https://cdn.jamanetwork.com/ama/content_public/journal/jama/0/jvp200035supp1_prod.pdf?Expires=2147483647&Signature=bIZCLS7ZLWTJd~U~H40JgiEGdFb3ggVUJpBvJ7KdANK7HgK1zaj4uWHvqweGym1nWfO~nXt9Y5i1vX79pF7zjjqfzmJAy3udTdpVVZQe07xnQIPcBMXLwZ5XjgTO8yKFXVIpxsXhrmOu8sGSpKiEmQ86ZCKfOTar7fMAGmUCtjiYVFwf31K3REWAA-r3hZyoZpqz3QKpVgpsRpF9fV9thQCq0~yvbvRKTH4PcoB~CZgmXH7rpVb6bILXQn5zBCphf6pyLAa4zIebUEKfCdCYdSdi9LeIEUsesqsYpNWgHJcr4K1LC0hFlst0RHQz-vZ7I-OvrX~5jel6zjjtuDQzjQ__&Key-Pair-Id=APKAIE5G5CRDK6RD3PGA

[PC]

You're right, PC. I've just checked that Taiwan, as of today, has 395 cases of Covid19, of whom 340 were cases of people coming into Taiwan. There have been 6 deaths. This is in a country of over 23 million people, roughly the same as in Australia. Compare this to 1401 cases in New Zealand and 9 deaths in a country of fewer than 5 million.

Also schools have been kept opened, joining just a handful of countries doing likewise, and many industries have been operating. They're also producing over 13 million face masks a day, donating them to the US, EU, and some Asian neighbours.

They must be doing something right. Jacinta did mention on TV that NZ were looking at how the Taiwanese were dealing with the pandemic, and yet the World Health Organisation have been ignoring them, and have not let them participate.

The WHO is such a patsy for China.
Great to see Trump at least trying to get then sorted.
Certainly won't see any leadership from our Government.

[PC]

Sir Robert does it again:

https://nopunchespulled.com/2020/04/16/time-for-sanity-2/

[Learning]

Yeah, lets follow Sweden's example:
As at Midnight lastnight.
Closed cases: 550 recovered. 1333 dead. 71% mortality rate. (NZ 770 recovered. 9 dead. 1.6% mortality rate)
Active cases: 9661 Of those serious or critical: 996 (9%.) (NZ 622 and 3. 0.5%)
Cases per million: 1242 (NZ 291)
Deaths per million: 132 (NZ 2)

Riding the curve: Sweden at a 45 degree angle heading up the start ramp. NZ almost halfway down the other side.

When will these academics get it through their skulls that the stats they are seeing today is a result of what happened 2 weeks ago! Running free and "spreading the love" will not show the damage for a minimum 2 weeks. Sweden's death rate is going to go up. A lot. No doubt about it. Wouldn't it be more humane to just offer over 70's a cigarette and a blindfold?

https://www.worldometers.info/coronavirus/#countries

[Davo36]

Yeah, lets follow Sweden's example:
As at Midnight lastnight.
Closed cases: 550 recovered. 1333 dead. 71% mortality rate. (NZ 770 recovered. 9 dead. 1.6% mortality rate)
Active cases: 9661 Of those serious or critical: 996 (9%.) (NZ 622 and 3. 0.5%)
Cases per million: 1242 (NZ 291)
Deaths per million: 132 (NZ 2)

Riding the curve: Sweden at a 45 degree angle heading up the start ramp. NZ almost halfway down the other side.

When will these academics get it through their skulls that the stats they are seeing today is a result of what happened 2 weeks ago! Running free and "spreading the love" will not show the damage for a minimum 2 weeks. Sweden's death rate is going to go up. A lot. No doubt about it. Wouldn't it be more humane to just offer over 70's a cigarette and a blindfold?

https://www.worldometers.info/coronavirus/#countries

Yes so it looks like we're doing so much better than Sweden right now, right? But we need to look back at this in say, 6-12 months. Only then will we really know what the best approach is.

Because it could be that getting it over and done with all in one go is the way to go. Because we may have it again and again for ages.

[Learning]

Yes so it looks like we're doing so much better than Sweden right now, right? But we need to look back at this in say, 6-12 months. Only then will we really know what the best approach is.

Because it could be that getting it over and done with all in one go is the way to go. Because we may have it again and again for ages.

Absolutely agree on all points. Have a look at the charts in the link below showing how different US cities managed the Spanish Flu outbreak of 1918. Relaxing social distancing and movement restrictions before the infection was contained caused relapses in several cities.

We are so close to containing it. Relaxing too soon could effectively undo the last 3 weeks of lockdown. Trouble is we won't know if we timed it right for at least two weeks after it's done.

https://www.nationalgeographic.com/history/2020/03/how-cities-flattened-curve-1918-spanish-flu-pandemic-coronavirus/

[McDuck]

Absolutely agree on all points. Have a look at the charts in the link below showing how different US cities managed the Spanish Flu outbreak of 1918. Relaxing social distancing and movement restrictions before the infection was contained caused relapses in several cities.

We are so close to containing it. Relaxing too soon could effectively undo the last 3 weeks of lockdown. Trouble is we won't know if we timed it right for at least two weeks after it's done.

https://www.nationalgeographic.com/h...c-coronavirus/

To me, the nature of the virus is a factor.
Especially when comparing it to other historical situations.
If the doctor (who first observed it in China), is telling the truth,
It's transmission style is far more effective than other similar micro agents.
And the amount of real-estate it occupies in the lungs is far greater.
I'm not sure if those two facts will assist your caparison.

[Frezzinghot]

We need to go back to work asap. If you are fit, healthy and relatively young your body can fight against most viruses, this lockdown is a massive overeaction and the longer it continues the bigger the hole we are going to have to crawl out from. By all means keep the 65 and over home during this period, but why on earth are healthy people being told to stay home.

This is an agenda from the elites to crash the economy, they bail everyone out then buy back stocks for next to nothing, why is the stockmarket going back up, ask yourself who in their right minds are buying stock in this market? Ill tell you who, Warren Buffet, George Soros, Jeff Bezos. When will people wake up to this??