COVID-19: who’s going full doomsday prep on this?

caad9

Likes Dirt
The ignorance of Donald around Covid will surely hurt America for many years to come, that's without all the other shitstorms he has created globally.
Who is going to want to travel there or let people in from there?
 

moorey

serial meme abuser
The ignorance of Donald around Covid will surely hurt America for many years to come, that's without all the other shitstorms he has created globally.
Who is going to want to travel there or let people in from there?
Maga and GOP will still excuse him and blame Biden.
Just like how some defended Ted Cruz flying to Cancun to escape the freeze up and loss of power in Texas by saying he was leaving more power for the rest of the State.
Unrelated, but have you seen how some people get their power under ‘variable’ pricing in some parts of Texas (and probably elsewhere). Companies ramped up the rates over the last couple of days, and people got power bills for $10-16k for the 4 days. Criminal.
 
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ozzybmx

Níl aon tóin tinn mar do thóin tinn féin

pink poodle

Our man isn't in the West
This mask bomb better work...

373043



I don't know if this fits here but good enough. I have to hold in projectile vomiting every time the chimpanzee looking Gerry and his whole operation cross my path.

https://www.smh.com.au/business/companies/harvey-norman-hikes-dividend-as-profit-sales-double-20210226-p5762t.html
Well that just shows how poorly this bail out was conceived. Good on Gerry for making a big profit...as long as he pays his fair share of taxes along with it.
 

FoxRidersCo

Sanity is not statistical
A lot of large companies are boasting about their profits while saying "No we will not be paying back any of the millions in Jobkeeper subsidies we received to keep us aloft"

A big F You to the Government and Aussie Tax Payers who will now see the prices of everything rise (excise, tolls, fines, stamp duty, rego, etc..) to claw back the billions the Government borrowed from the fed, private venture firms and against bonds to fund the coronavirus stimulus package.

How do these CEO's sleep at night ??... Oh yeah that's right, comfortably in multi million dollar mansions on beds that probably cost half the annual award wage of the lamens

When Jobkeeper ends and the big banks un-freeze the home loans and companies start coming after debts that have been put on hold... S**T gonna hit the fan for the poor people that live paycheck to paycheck. Don't think it will be as bad as the 2008 GFC but their is going to be alot of people suddenly hurting financially if they haven't planned for it.

Even fuel went from $1.19 to $1.70 a litre for no reason in the last week, even though oil is stable at around $60US/barrel... Price gouging or an excise increase to blame ???
 

FoxRidersCo

Sanity is not statistical
And then there is those that drained their super accounts to spend on luxury items like cars/fashion/jewellery/electronics thinking they were doing a good thing (Spurred On By Media Fueled Messages Of Doom And Woe) and keeping the "Economy Afloat" and "Australians Employed" who still don't realise to this day that what they have actually done is just lined the pockets of millionaires and corporations who weren't actually hurting and have cottoned on to the fact they can still be profitable with less employees with money that was meant to fund their retirement/future livelihood.

Those who used their super to pay down large chunks of their mortgage/credit card/personal loan debt or put it into investments were slightly smarter but still will feel the pinch in the long run.

Will comapnies that have been running on a skeleton crew, yet have still seen an increase in profitability re-hire all the people who were stood down post pandemic ??

Will The rich listers pay your mortgage payment when you can't ??
Will large corporations, casino's, etc.. make generous philanthropic donations to charity from their recent gains to help ??

Will Jobseeker with it's measely $50 a fortnight increase really help the millions who are now unemployed be able to afford to pay rent, bills, food, medication etc... ??

Is the vaccine going to fix the current state of the world... ??

The Long Answer: NO.

Will a future Australian Government put a rise in the GST rate on the cards ??...
 
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HamboCairns

Let you google that for me
No fucking way was I going to touch my Super - I've set it to 'aggressive' and it's doing better than it was before COVID hit!
 

ozzybmx

Níl aon tóin tinn mar do thóin tinn féin
No fucking way was I going to touch my Super - I've set it to 'aggressive' and it's doing better than it was before COVID hit!
It's going bezerke. Took a ~10-15% hit last March-May, has recovered that +10% in 1 year... retirement still on track for 56 but I would say we are heading for a fall soon.

8th March now, this time 1 year ago we were getting coronavirus stories, then on the 13th March they cancelled the Aussie Grand Prix, that was the first domino to fall, the rest of the country came down rapidly after that.
 

HamboCairns

Let you google that for me
It's going bezerke. Took a ~10-15% hit last March-May, has recovered that +10% in 1 year... retirement still on track for 56 but I would say we are heading for a fall soon.

8th March now, this time 1 year ago we were getting coronavirus stories, then on the 13th March they cancelled the Aussie Grand Prix, that was the first domino to fall, the rest of the country came down rapidly after that.
I'm determined to pay off the house before I reach mid 50s. Then it's travelling time!
 

FoxRidersCo

Sanity is not statistical
It's going bezerke. Took a ~10-15% hit last March-May, has recovered that +10% in 1 year... retirement still on track for 56 but I would say we are heading for a fall soon.
The super companies have diverse ETF's like the US Cap that contain big companies such as Apple, Google, Walmart, Netflix, Amazon, Facebook etc and these companies have been raking it in during the pandemic (surge in online sales and people staying at home binge streaming and social media use) which has driven up share prices and thus netted healthy returns to investors. The Aus Cap (banks, mining, retail, medical) have been doing ok as well.

The currency/commodities markets are all over the shop as usual

I recently invested a small amount into a Crypto ETF just out of curiosity and the +/- swings on that are volatile (2-3% up or down daily)
 
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