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

K

Kerplunk

Likes Bikes and Dirt
SummitFever said:
RBA newsflash: Printing money to give to the banks to lend at a profit to already over-geared businesses and people.

Sounds like putting petrol on a fire.

There must be a better approach. Why don't we just freeze all payments until we get through this?
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The rba is essentially propping up the banks with this move to stop them falling over.. Our big banks are stuffed, the world knows it that’s why the dollar is getting smashed along with bank stock prices.. Freezing payments is a sensible answer which will likely come with a lock down..
 
T

tubby74

Likes Bikes and Dirt
Ackland said:
You can't just "start building hydro 2".
There's years of planning before that's shovel ready.
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was just spit balling but there must be some things we can get moving. even the preparation work gives some confidence there's better days which starts the cycle of money flowing again.
 
Nerf Herder

Nerf Herder

Wheel size expert
SummitFever said:
It sucks for all of us that have to buy stuff from overseas for our businesses. Not sure why the AUD is getting so beat up when its a global problem. Given what's happening in the US and the fact that China seems to be coming out the other end of it, you'd think we'd be gaining on the USD.
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hit 0.55 this afternoon ... back to 0.57 for Sydney close.

The simple trick is understanding that AUD is considered a risky currency ... and is one of the most traded global currencies. This is very general ... but in good times people love trading Aussie and even holding it for a time ... in bad times people dump it and switch to " safe" currencies eg USD.

So even though the US is getting drilled far harder than us re actual cases and transmissions ... its a safe currency.

Similarly AU is China's hole in the ground, so China doing good, AUD up, China getting drilled AUD gets drilled. They are currently in full drilled mode.

The good news is 0.49 is the historic low ... 0.70 is the historic mean ... just depends how long you can hold out for.
If you can get a USD/AUD forward say at 1.8182 (0.55 equivalent) then it could be a smart trade. Note you have to have USD or be prepared to supply USD at some point. disclaimer: do your research / buyer beware this is a trade not a hedge.

If you want to delve deeper feel free to PM ... I've got some real wack scenarios running that I'm pretty confident with ... but just uncertain on timeframes ... which is the killer right now.

Back to the panic and hoarding.

If anybody needs a Nicolas Vouilloz Tiogra saddle I've been hoarding it for just this occassion ... still in the bag so guaranteed Corona Virus free. Can fit 3 people on it. Just in case your emergency bog roll in the shuttle truck has finished and you need to do a run to IGA ... they will have a 4 pack no sweat.
 
Flow-Rider

Flow-Rider

Burner
beeb said:
Coronavirus refers to a family of viruses, whereas COVID-19 is the specific strain that is causing the concern this time around.

SARS and MERS are both Coronaviruses but didn't spread as far due to (IIRC) not having people being infectious for several days before showing symptoms.

That may be what you're thinking of when they've referred to their being other strains.
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There's conflicting storys of COVID-19 S and L series virus, one was worse than the other.

second%2C+more+dangerous+coronavirus+strain
 
Oddjob

Oddjob

Merry fucking Xmas to you assholes
SummitFever said:
There would also appear to be some sentiment among traders that we are not doing what we should to handle Covid19.
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...or that the demand for iron ore is likely to be subdued for a while.

Sent from my SM-G970F using Tapatalk
 
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