Sunday Supplement: 5 April 2020

Otway Night, 1994, Jan Senbergs, Art Gallery of NSW

 

Markets & Macro

Asia

Americas

Europe

Terra Incognita

Global Macro

 …and furthermore…

…and coronavirus…

 

Quarantine/Self Isolation Sunday viewing….

HyperNormalisation (2016) Adam Curtis

 

Latest posts by Gunnamatta (see all)

Comments

  1. happy valleyMEMBER

    How long before the NSW Health Minister and Chief Health Officer eventually fall on their swords and we can also move on to having a parliamentary inquiry or RC on the Ruby P saga?

    • Never. Accountability is for frontline clinical staff.
      The Minister and the “expert” panel have a difficult job and need understanding not criticism. So says the Minister anyway.

    • MountainGuinMEMBER

      His interview yesterday was a train wreck. Kept saying that those that OKed the disembarkment were experts in their field. FFS, it has been known cruise ships are floating virus factories ever since Japan caught that first one.
      As an aside, the CEO of any cruise ships still sailing after end January should answer both their passengers and the nations who they placed at risk.

      • happy valleyMEMBER

        Anytime I hear the word “experts” and advice, I exercise caution as I have been let down by “experts” in the past. “Acting on advice” is a flag of convenience for pollies – quite often they should be applying the pub test, but as they deal in BS 24/7 they possibly don’t use enough common sense?

        Even Scotty from Marketing is now trotting out the “acting on advice” meme. That’s after supposedly telling bureaucrats following the May 2019 election that they were there to implement the decisions of ministers – beginning and end of story.

    • DominicMEMBER

      Initially I read an “RC into the rugby …”

      Yes! How on earth did Raelene Castle get appointed to the top job ….. oh, never mind

  2. Venetian Mask

    To kick us off with the really substantial conversations, COVID-19 is not a hoax, or a mass-hysteria, or a global conspiracy across multiple civilisations to steal our freedoms, thank you.

    • Arthur Schopenhauer

      It is a huge test on governments capacity to organize and redeploy industrial capacity.

    • Of course it bloody isn’t!……..it’s a bio-weapon purposely released to keep us all indoors while the government installs and tests 5G. Duh.

    • Doesn’t mean various groups won’t use the situation to further their own agendas though.
      Never let a crisis go to waste.

      • Precisely. Three cop cars arriving at the local park yesterday afternoon for no good reason has made me start to think about whether “policing needs to involve a bit of fear” Mick Fuller is the guy I really want in charge.

      • DominicMEMBER

        “When government fears the people, there is liberty. When the people fear the government, there is tyranny.”

    • It’s Gaia’s revenge. The Earth is sick of us fcking it up and this is its solution.

      It starts by killing the most polluting humans (Chinese ones, American ones, etc) but most of us get infected only mildly and live on happily…

      …and then we eventually discover the twist in the tail – it renders males sterile … and we’ve all caught it … we are a dead species walking and the earth is saved.

      Not sure if I am kidding or not.

        • Captain Planet, he’s our hero,
          Gonna take the population down to zero!

          Yaaaaayyy… wait… what?

      • drsmithyMEMBER

        It’s Gaia’s revenge. The Earth is sick of us fcking it up and this is its solution.

        Maybe it’s Gaia’s practice run for dealing with climate change.

        • This IS the plan to deal with climate change. If the sterility bit turns out to be true!

      • DominicMEMBER

        Reminds me George Carlin’s scornful rant about humans being a ‘threat’ to the planet:

        “We’re going away. Pack your shit, folks. We’re going away. And we won’t leave much of a trace, either. Thank God for that. Maybe a little Styrofoam. Maybe. A little Styrofoam. The planet’ll be here and we’ll be long gone. Just another failed mutation. Just another closed-end biological mistake. An evolutionary cul-de-sac. The planet’ll shake us off like a bad case of fleas. A surface nuisance.”

      • Stephen Morris

        I’ve noticed that if you say “It’s Gaia’s Revenge” all the new age Progressives will nod sagely in agreement.

        If you say “It’s God’s Revenge” they’ll all attack you.

        But what is the difference between these two essentially religious concepts?

        Gaia vs God. It’s the new sectarianism.

        • Venetian Mask

          Those people would all consider themselves spiritual but not religious too. They are just stupid people.

        • I’m not sure I believe in Gaia and I definitely don’t believe in god. But to me the idea that the earth as a living biosphere can sort of act to repair or limit damage to itself is quite different to a religious sort of god which can think and undertake all sorts of actions and judge individuals and give us rules for behaviour. But perhaps it fits within some people’s’ definition of a god, yes.

    • Stewie GriffinMEMBER

      It wouldn’t be designed to get us all use to a lower quality of life would it?

      Just think of all the new workers we will need to import once we’re through to the other side in order to ‘heal’ and ‘rejuvenate’ our tired, disease ravaged economies.

      I’m sure the focus will be on getting GDP back to where it was as soon as possible. Living standards and real wages…. not so much.

      • Venetian Mask

        There is no economic situation which would not lead to that conclusion… no need to get excited, regardless of what happened the answer would be that Australia needs more migrants and lower standards of living (which are portrayed as higher standards of living). Logically a burnt-out economy with high unemployment is probably less suitable for mass-migration, but the argument has no connection with logic.

        It will be a good opportunity for conservatives to blow out the debt and then insist on cuts to pay for the debt they ran up, though.

      • $$$ MR INFINITY $$$ QUANTITATIVE EASE ME

        You are the dumb values perthetic if you were true australian you would know this

        • Stewie GriffinMEMBER

          Learn to spell Maggot – it would be hard enough for a half breed Indian mullato like yourself to find a job at the best of times.

    • Jumping jack flash

      Much simpler than that, an “oops” by China. Lab tech got infected and didn’t realise then walked or rode his bike 270m to the market…

  3. The self-isolation blues.
    My wife says I act really immature and need to grow up.
    I told her to get the hell out of my toilet paper fort with that negative attitude.

    • How good are auctions now! Massive volumes and tiny amount sold. Vendors are going to have to adjust their expectations of ‘not giving it away’ sooner rather later.

    • I am getting sick of hearing those online auctioneers looping through their first, second and “final” calls that drag on and on.

      • tripsterMEMBER

        I watched one today for kicks. The auction had been going for a while between two bidders until it got to $1.4 m. The auctioneer then paused the auction and said that the highest bidder had won the right to negotiate privately with the vendor and the second bidder had a moment to make a higher bid if they wanted that right. All seemed insane to me and I stopped watching at that point.

          • I reckon this week they’ll announce they won’t be publishing clearance figures during coronavirus.

          • DominicMEMBER

            That, to me, is just fraudulent — allowing vendor bids. It should be outlawed.

          • Well, vendor bids are supposed to be clearly announced as such, like “I am making a vendor bid for $XXX”

            If not clearly announced, it’s not legal. I know for sure some vendors hide stooges in the crowd to make secret vendor bids. This is seriously illegal and creates a mess if no-one else outbids the stooge

            Anyway, the entire auction system is fvcking wicked and should be ditched. It’s a terribly way to buy a house

  4. TrooDohMEMBER

    “The EU Watches as Hungary Kills Democracy”

    The EU isn’t particularly democratic. Orban has more democratic legitimacy than the Eurocrats in Brussels.

  5. TailorTrashMEMBER

    “Europe’s biggest city Istanbul” …………………did anyone ask the Europeans ?

  6. I was letting the low qld community transmission numbers delude me. We still haven’t seen the potential mass spreading from centrelink queues and polling day. Add to this all my family and friends on the Sunshine Coast are reporting the continuation of weekenders from Brisbane coming up and hitting the towns and beaches like it’s normal times. Very keen to see what uptick there is, we may be lucky and continue the low numbers.

    • DominicMEMBER

      Lol. Selfless displays of humanity during a time of crisis. Warms the cockles of my heart 😉

  7. 2 weeks after we shut the bars and pubs the numbers start to fall.. I know we all hate Scott Morrison here but on this occasion he seems to have got it right. Flexibility is the key word here. No need for a total lockdown just certain industries. Keeping the building industry going was a great move.
    New Zealand stuffed up. Their prime minister is to concerned about looking good on the world stage instead of looking after New Zealand.

      • I wasn’t a fan of Scomo but i do think he has shown something in the last two weeks. Would have been so easy for him to give in and say full lockdown.

        • desmodromicMEMBER

          It took him a while to realise going to the footy (3 weeks ago?) was a dumb idea but since then has mostly got it right.

        • Jumping jack flash

          Full lockdown would have been total panic. It was bad enough without full lockdown. Panic buying still going on.

          Announcing full lockdown would have been a good way to get the stabbings going in the Woolies aisles.

          He’s pretty dense but I’m sure he has some advisors that may still have a clue

    • happy valleyMEMBER

      “Keeping the building industry going was a great move.”

      Let’s see. A friend was working on a major building site for the first time on Friday and said it was just like a petri dish – lots of up close and personal work for all on the site.

      • Maybe on that site but the site I’m on has changed emensly in the past two weeks. Everyone is onbored with hand sanitizer and personal space.

    • Whether scotty keeps it open or not, sending 2 million temp visa holders home if actually followed through with, will decimate the building industry shutdown or not, and for a lot longer than a covid shutdown.

    • I dont trust the overall case numbers due to the strict testing criteria, but we arent seeing mass hospitilisations, so yes, there is hope that what Scummo has done is working. Pity he didnt take it seriously earlier and we could have still had a functioning economy minus external tourism and “students”

      • Tonight I was speaking to two people who work in different Melbourne Hospitals. They are both relieved that it hasn’t blown up in Melbourne. Mr. Morrison is very lucky that the States and Territories pushed him. Though they too dawdled. Perhaps like children with unreliable parents they have learned that you just have to do it yourself because Dad’s never there when you need him.

        • Too right. The state premiers have shown the feds to be incompetant and Scummo is playing catch up. Im particularly impressed with McGowen and the WA AMA guy who has been very vocal. The only thing that has p!ssed me off was McGowens emphatic refusal to close schools. TAFE was shut down last Saturday and I didnt even see it make the news, only knew because I am/was going there.

        • Totally agree. Morrison was acting more like Trump until a couple of weeks ago when the the states went rouge and essentially said ‘get out of the way’. Morrison has become nothing more than a blabbering talking head dolling out money.

    • You should check your facts:
      Scomo ordered closure of pubs and restaurants from midday 23rd of March so two weeks from than was yesterday but number of new cases have been falling for two weeks now
      In fact number of new cases peaked a day before he closed bars and pubs

      he may be responsible for controlling the spread via some earlier decisions but definitively not because of bars and pubs closures (unless average incubation period is 1 day)

      • So they closed the bars on March 23 (278 cases on that day). Now the incubation period is from 1 to 14 days. With an average of 5 days. So the virus numbers per day were higher for the next 4 days and the dropped on the 5th day and continued to be lower after that (except for one day which rose heavily).
        And you think the closure of the bars and clubs had nothing to do with it???

    • Rorke's DriftMEMBER

      The key thing in Scomos approach is to strive for the right balance when it would be so easy to overreact. I have oversight of one large project under construction and others in design stages. Lots of measures put in place and effective and taken very seriously. Keeping men on construction sites with health protocols in place will give better community outccomes than trying to lock them down at home.

    • What ScoMo has done is not unique — he’s reluctantly fallen into line with just about every other country in the world having twiddled his thumbs for ages. How on earth should he receive credit for doing something he should have done a month earlier.

      Am I missing something here?

    • Nearly every time he’s belatedly done what others said he should do 2 wks before. Yeah, locked the Chinese out except the 1000 students and the 5000 odd uni students who come via other countries and didn’t close the US off, where our highest cv19 connections now come from because of politics, till all other countries were locked out and not forgetting “tough on borders” cruise ships. Yeah, so he’s done an EXCELLENT job.

  8. robert2013MEMBER

    The Asia Times piece on how tired outsourcing and globalising is looking was great. Also the SCMP piece on how the drop in passenger flights was driving up air freight costs for food was great. It linked in nicely with the one on how Indian farmers are feeding strawberries to cattle because they can’t get the food to market, and the one on how there’s a shortage of refrigerate containers in the USA because they’re all stuck in China. It seems food will be the first place we see inflation. It’s usually when people get hungry that they start demanding change. I think it won’t be long before the costs of the lockdown outweigh the benefits.

    • Don’t think we’ll get food inflation here. There’s been good rain on most parts of the country and I recon during this past two there’s been a lot of veggie garden and chicken coops go up..

      • Food inflation is possible because of labour restrictions and movement. Backpackers aren’t in those fields. This is occurring Europe where Die Welt reported that 300K workers should be on German farms but are absent.

      • MountainGuinMEMBER

        I think food inflation levels will be mixed. Labor and transport shortages will impact some domestically produced food, some domestic foodvthst would normally go overseas may need to be sold domestically and imported food will definitely will have alot of inflation from both high world demand and lower Australian dollar. So I think a very mixed story.
        But as I mentioned maybe a few weeks back, it may get very messy for nations that rely on imports. The linked article on Indian farmers is a worry.

    • I think the penny may just be dropping for all those hysterical ‘deflationistas’ out there — the end of globalisation is about to usher in rampant inflation in virtually everything as supply chains are decimated. Oil can go to zero – still won’t make a difference.

      Having been pilloried for my ‘high inflation’ stance recently, I’ll allow myself cheeky Peachy. 😉

      • drsmithyMEMBER

        I don’t think anyone disagrees that massive external shocks and scarcity of goods cause inflation.

        • You’ll be surprised. I’ve been scolded for such views several times — even on these boards.

          Deflation in property and financial assets? Sure, in the short term, because that’s where the debt is, but CPI deflation? Only if the ABS decide to suddenly boost the impact of falling property prices in the index.

      • I don’t think it is a crazy idea at all. I think there is a terrible bout of deflation that will come first though…

    • Jumping jack flash

      If house prices aren’t inflating then food and energy will probably be gouged. People still need to repay their interest. Usually debt growth is used for this, but if debt isn’t growing and can’t be used then there will be rampant gouging of anything that can be gouged, more than there currently is.

    • SnappedUpSavvyMEMBER

      makes me feel old, one of my first girl friends wanted me to grow my hair long cos she was in love with kurt, doesn’t feel like 26 years ago, getting old is a bitch

      • First girl I had a crush on in high school in 1995 (year 7 and she was year 8). She used to dress like Courtney Love and wore bangles and hair strawn out lots of make up etc… Anyway we used to catch the same bus route to School in the morning, so 1 day I plucked up the courage to go sit next to her and introduced myself.

        I think she thought it was cute the little year 7 kid coming to say hello. Anyway she disappeared from the school after a year or 2. Years later we are friends on Facebook, she had a child at a very young age, is a lifelong smoker and put on a lot of weight.

        Lots can change in 26 years. But she still thinks she’s Courtney Love and seems to have followed her off the rails a little. Sad.

    • ErmingtonPlumbingMEMBER

      I wonder if “popular music” will change with recession/depression.
      Will it become angrier like Punk or will be more like the cuckish, soft, cock Rock of “Seattle sound”?

      Maybe Portland will produce the next entirely new music genre.
      https://youtu.be/kyL-iJQSk5A

        • boomengineeringMEMBER

          GAVIN, got a video of us nearly hit by a car his morn, any clues how to post it here?

          • As a Gen Y, I agree..

            My music taste is mostly old stuff. Just last night I was listening to Roxy Music.

            A few newer bands I really like.
            Mini Mansions (saw them support the Arctic Monkeys)
            The Editors (look up Sugar (a bit Depeche Mode) and Cold)..

            White Lies is also awesome (Big TV).. channels a lot of 80s synth etc..

          • Yep Gav, know all those, cept Mini Mansions.

            I grew up with Depeche Mode, Yazoo etc and loved the ’80s stuff. Only later did I get into the 60’s /70’s – non synth stuff. There’s a treasure trove of music from those eras. I had this discussion with a mate and he was saying there’s plenty of enduring music from the current era. I inquired, who exactly and he said Ed Sheeran! Faaaarck.

  9. CORONAVIRUS: IRELAND & NEW ZEALAND … THE VAST DIFFERENCES … WHY ? …

    Coronavirus: Why is Ireland’s infection and mortality rates so high ?

    2020 coronavirus pandemic in the Republic of Ireland … Wikipedia

    https://en.wikipedia.org/wiki/2020_coronavirus_pandemic_in_the_Republic_of_Ireland#Stay_at_Home_phase:_27_March–present

    The populations of the Republic of Ireland and New Zealand are about the same (just below 5 million each) … yet the infection and mortality rates are vastly different … why ? …

    Coronavirus COVID-19 Global Cases by the Center for Systems Science and Engineering (CSSE) at Johns Hopkins University (JHU)

    https://gisanddata.maps.arcgis.com/apps/opsdashboard/index.html#/bda7594740fd40299423467b48e9ecf6

        • Rorke's DriftMEMBER

          If Vitamin D is beneficial, why is Australia closing beaches. Should instead be compulsory for everyone to go dive into the surf on any hot day. That could be our unique local solution to beat this and launch a new Aust as a health retreat industry..

          • Nice idea, but imagine the skin cancer rates. Sunscreen prevents vitamin D, supplements are best in this country.

          • If you can’t make it to the beach just don your DTs and laze around your pool. Sorted. Covid-smart 😉

        • As someone living in Ireland for 6-7 years I can tell you I think I suffered a lack of Vitamin D. Makes you feel quite depressed.

          • Lack of Vitamin D is a big deal I reckon. I’ve been on 4000IU a day for the last few years, haven’t been sick much in that time, actually probably not at all. Prior I used to get a lot of colds, then got Flu 3 years in a row, that was fvcked. Which is what lead me to Vitamin D. If taking high doses of Vitamin D you must also take Vitamin K2 as well. Prevents calcification of arteries and organs.

            I had a mate who was a roofer, bastard never got sick, even when his family was sick (which was frequently due to young kids). I have young kids as well, prior to Vitamin D I was catching everything they brought home. There has to be a link, some research says there is.

          • I’m sure you made up for it by having an extra Guinness or three. 😉

            I used to suffer a bit of depression over there — I put it down to the incessant grey, low-hanging cloud. I felt crushed by it. Could have been Vit-D, work stress or too much grogging. Or maybe a combination of all of it. Waking up to sunshine virtually every day (back here) made a huge difference to my moods.

          • Dominic I used to go to the gym 3-4 times a week and was quite buffed, but also drank far more than I do now. Yes lots of pints of Guinness. I did a work rotation in South Africa. Waking up to sun daily improved my mood massively. In South Africa because I was living a bachelor lifestyle I wasn’t drinking much, cooked all my own food and went to gym regularly and less drinking. Got super ripped. I put down to improved mood, but also lack of Guinness. Haha.

            I’m also 8 years older now, bit harder to workout as hard as back then. Although Boomengineering provides some inspiration.

            The low grey cloud cover in Ireland does get you down. Even just going to Spain for a weekend would make me feel 100x better.

  10. Greta will be furious …

    San Francisco Bans Reusable Bags To Counter Virus-Contagion Threat … Zerohedge

    https://www.zerohedge.com/health/san-francisco-bans-reusable-bags-counter-virus-contagion-threat

    The San Francisco Bay Area is usually ahead of the curve when it comes to implementing environmentally-friendly policies to save the planet. However, city officials banned reusable shopping bags Wednesday as a way to enforce social distancing protocols imposed by the state government to limit the spread of COVID-19.

    The reusable bag ban was enforced by the San Francisco Department of Public Health (SFDPH) under a new social distancing protocol that was published Wednesday, which restricts people from using reusable shopping bags at supermarkets to prevent outside germs from entering.

    The order says explicitly that store employees are not allowed to let “customers bring their own bags, mugs, or other reusable items from home” into essential businesses during the quarantine. … read more via hyperlink above …

  11. Ronin8317MEMBER

    Today’s tally is another improvement from before : 194 new cases bringing the total to 5551, an increase of 3.62%. In NSW, a lot of cases today are teacher and childcare worker, bringing the whole concept of ‘keeping school and childcare open’ into question.

    There is now a battle for medical supply all over the world. The US is telling everyone that Chinese made product is faulty and unreliable, but at the same time paying big money to buying them from China. Right now the world desperately needs China, settling the score can come after the epidemic is under control. The place I’m most worried about right now is India : even though they went very hard, the numbers simply looks worrying.

    In case anyone is wondering why all the website in China is gray scale : today is QingMing : a Chinese national holiday where descendants go and sweep the grave of their ancestors. This year the Chinese government turn all its website into grey-scale today to mourn those who die from the coronavirus, and other Chinese website follow suite as well. (Only require a simple css trick to perform).

    • I still cannot believe that 3 months after the outbreak western countries are not producing medical material but rather paying premium to get junk from China. What happened to capitalism, we see huge demand, high prices and no market response – if capitalism was working we would see by now flood of medical material made in the west to make huge profits …

      • Not sure if serious, or master troll…
        Why don’t you try starting to make some and find out? Report back with what you leaarn.

      • A sign of how twisted our interpretations of ‘capitalism’ have become?

        Financialisation of everything, BS jobs galore, house-flipping & wealth-effect, plus de-industrialisation.

        The model upon which we’ve been ‘growing’ has been smoke and mirrors. Which worked, until the factory (China) had a cough. Nowhere in nature would you find such a vulnerable system.

        To re-purpose a factory there first has to be a factory; and an agile, skilled workforce. And incentives to deploy capital in pursuit of these opportunities. Even before C19, people were taking good ideas from Australia to be realised overseas.

        We just were not encouraging innovation.

        Hopefully some of the ripples from this saga see a rebalance, see us become a little less dependent on such a vulnerable model.

        As a bonus, that might also help us recover – if we do it right.

        Or we could keep flipping houses and maintain emergency low rates. And kick that can!

        That divide will be the battleground to come: status-quo Vs what comes next.

      • factory worker

        As someone with experience making medical equipment I can tell you precisely why available equipment is coming from China rather than being locally produced.
        In part the problem is that we only have a very small medical manufacturing base upon which to build but a bigger problem is that most of base aren’t really Manufactures in the traditional sense of the word, but rather they’re assemblers. With much of the China make engine still shut down the availability of the parts used to assemble these products is limiting any desired production up-scaling.
        A third problem is so called Patent Evergreening, it is rampant in the Medical equipment space. So although the basic design of something like a Ventilator might be 50 years old you’ll still get the pants sued of you even if you only try to replicate a 50 years old design. Patent Evergreening is a huge problem.
        A fourth problem is the medical procurement channels especially for major hospitals (talk about opaque and corrupt) a little sunshine would go a long way towards curtailing our ever increasing Medical Equipment bill (even in the absence of Covid19.)
        Somewhat related to the fourth problem is the process of equipment compliance testing and certification. This in combination with the Patent Evergreening often results in a situation where only one product on the market is compliant with all that’s required for certification. The certification process would be simpler if it just said buy GE Medical.

        Now lets take this one step further.
        What percentage of Ventilated patients survive Covid19? (not sure myself but the answer appears to be less than 20%) so 8 out of 10 patients that would use your newly deployed (poorly tested and uncertified) equipment will die. Personally I wouldn’t be rushing to supply this market, just to have the pants sued off me in a years time by grieving relatives.

        • boomengineeringMEMBER

          I have invented, designed and produced some medical machines for human bone use. Also helped with worlds first bionic eye for University of NSW. Hadn’t heard much for years so thought they abandoned that project due to stem cell research but heard it went to Melb .

          • I studied Biomed engineering at Melb uni and can confirm that the bionic eye is still a focus there. They created a new department called neural engineering that is focusing on both this project and another which is looking at a brain implant that can detect activity prior to the onset of an epileptic seizure. There’s been a lot of progress on the brain implant and they did their first human implants a few months ago. Don’t know if you guys know the history but Australia was a big player in medical manufacturing. We had the cardiac pacemaker industry cornered with a company called teletronics plus Cochlear for the bionic ear and a number of other smaller companies all under a company called Nucleus. Lot of people working at Teletronics ended up at Cochlear and ResMed after is collapsed. Sad story, they acquired an overseas company and it had a major fault in one of their products and it took the whole company under. https://en.wikipedia.org/wiki/Telectronics

        • Thanks for that info! I guess what we are getting at is , the whole economic premise that “lower currency and demand Vs supply” mechanism will rebalance everything overnight is a load of crock.

        • I wasn’t even thinking about complicated stuff like ventilators but rather simple things like masks, plastic suits, alcohol disinfectants, solutions,…

          • factory worker

            If I understand your question, It is basically why doesn’t Australia produce low margin high volume products.
            Is that really the question?

          • bolstroodMEMBER

            Mrs. B has gone into mask production, 10 in 8 hours.
            How much was that got. order for ?

          • To build those you need looms to weave fabric, refineries for petroleum products, conversion of petroleum products into plastics.
            With the world shut we can’t get stuff to make stuff from. We need to literally rebuild most stuff from scratch again.

          • factory worker

            Yeah whatever, Factories are just like pop up restaurants they open and close on a whim.
            Sometimes I wonder how Aussies have forgotten so much about manufacturing in such a short time.
            Maybe most Aussies never understood manufacturing in the first place
            We truly are becoming like a cargo cult, its so sad

      • What happened to capitalism, we see huge demand, high prices and no market response

        This is a question that any decent intelligent person was asking about housing in Australia for the last several decades. In the case of housing statistical sophistry was used by many to deny there was a shortage of housing. DoctorX, I’m sure you are familiar with that type of thing.

        • You must be blind otherwise you would notice that over the last few years our cities turned into giant construction sites. We have more cranes in Sydney than in all of north America.
          In less than 5 years since the start of the last boom we built over a million dwellings.

          So huge supply response, mostly low quality shi* but same as other things. Why would anyone build anything better when people lined-up from early mornings to pay millions for dogboxes.

          • Yeh, my comment was not so much about the last 5 years, it was more about the 30 – 40 years before that period.
            Oh! and when will we get low rents?

          • 30-40 years ago we didn’t have high demand and high prices

            rents are already down 15% to 20%
            I think rents will fall on average 50% from the peak in next year or so

      • C’mon doc – be sensible. Do you have any idea how long it would take someone to build the facilities to make all this [email protected]? Fit out a factory, get in the materials and settle on some basic designs. And you haven’t even reached the bureaucratic Gubmint approval stage — which would be extremely onerous for medical equipment. We’re talking years.

  12. Lack of welfare for jobless migrants

    is music to my ears. As is this:

    UK Budget hits migrants with £624 immigration health surcharge

    migrants will have to pay a £624 annual fee

  13. TrooDohMEMBER

    “Spy agencies around the world, which normally deal with national security, terrorism and international crime, have shifted during the coronavirus pandemic to using their expertise to lay their hands on medical equipment that has become invaluable, a senior Mossad officer has said.

    In an exposé broadcast Tuesday by Channel 12’s “Uvda” investigative news program, the head of the technology department in Israel’s Mossad intelligence service said countries have been locked in a fierce, covert battle to take control of a limited supply of ventilators at all costs.”

    https://www.timesofisrael.com/mossad-officer-describes-covert-global-battle-to-obtain-ventilators-at-all-costs/

  14. https://www.nytimes.com/2020/04/03/health/coronavirus-bcg-vaccine.html
    https://www.bloomberg.com/news/articles/2020-04-02/fewer-coronavirus-deaths-seen-in-countries-that-mandate-tb-vaccine

    Can an Old Vaccine Stop the New Coronavirus?
    A tuberculosis vaccine invented a century ago is cheap and safe, and seems to bolster the body’s immune system.
    _______________________________________
    Nations with Mandatory TB Vaccines Show Fewer Coronavirus Deaths
    New study finds a correlation, but clinical trials are still in progress

    What’s really interesting about BSG vaccine is not only that it may help with viruses with similar body attack strategy (e.g. covid19), but BSG vaccine has been found successful in treating some at first look completely unrelated issues.
    My old man has malign bladder cancer for more than a decade, he is being treated with BSG vaccines since than and cancer has been fully controlled and he has no symptoms at all.
    BSG has been also used in treatments of some other conditions like leprosy and skin ulcers and possibly diabetes.

    While pretty ineffective (relative to other vaccines) when it comes to main goal of preventing TB, it has been proved to be quite good for general immunity stimulation. It’s 100 years old, proven to be safe, it costs next to nothing

    as such it has never been part of our immunisation program that includes some other vaccines with questionable effectiveness or merits

  15. Monday morning ASX spike and AUD spike? I would think that a lot of people might want to park their money here for a while. I’m not normally the best day trader buy but my powers of prediction has been excellent during this crisis…. But pride always comes before fall.

    • Getting In, on any of the coming rallies is the easy bit.
      Getting Out, if it tanks again, not so.
      As I suggested last week, we haven’t had a ‘real’ panic yet. That may be in the offing, and if it arrives NO ONE will want to touch the markets (as you still want to?), even with someone else’s bargepole. And that …will be a sign of Bottoming.

      • Ok but for the short term I think we are past ” peak panic”. So the markets will rise more on the good days than they fall on the bad days.
        In the medium term I’m definitely short ASX and AUD.

        • we know more about the virus and it doesn’t look as bad as thought at some point of time but I think the current prevalent ideas about the economic consequences is still rosy among majority of people
          so peak economic panic may still be in front of us
          what

          • The authorities (rightly or wrongly) have chosen a path and we’re going to live with the consequences – the economic damage will be immense. I don’t think it’s beyond the realms of possibility that we’ll look back at this episode and reflect it could have been handled differently. Time will tell!

        • That’s what make a market! ( And to some extent I appreciate your POV. “Something” looks to be defending 5,000 on your markets IMO and ,maybe, the Dow at 20,000. But time will tell)

          • ChameraMEMBER

            Agreed, there seems to be some serious defence of this level. There’s been news flow that breached it, but since recent interventions regarding stimulus, QE ect nothing seems to be able to break this level at the moment. Could be the low for the pandemic news wave. Economic impacts rolling in data flow in coming months might break it though.

      • happy valleyMEMBER

        +1 fool’s paradise? Some US articles I’m seeing are saying the S&P to 1,600 or less.

        • Happy don’t worry about article predictions they will loose you a lot of money. I must admit after seeing New York had 10,000 new cases I’m not so sure of my self anymore. Interesting to see if the wall street guys panicking with their town like it is.

          • happy valleyMEMBER

            I got out before the real SHTF, lineball and I am happy to just sit UFN and watch the gyrations – swimming in this piranha pool is not for me.

            However, some professionals (including fund managers in their PAs) must have made a fortune shorting the US, Australian etc stockmarkets on the way down – never have to work again, if they ever did.

        • S&P to below 1,600 would be a dead cert — except for the money gushing from the Fed’s printers. This is the outlier here.

          I suspect company earnings would probably justify S&P to well below 1,000

          • bolstroodMEMBER

            This puzzles me Dom, perhaps you could help me out.
            Our Govt throws hundredsof Billions of $ that we appeared not to have at the big V.
            Where did they come from ? Were they borrowed from someone ese or did we “print” them ?
            If the Govt. got the RBA to “print” them, actually type them on a key board, or pull them out of thin air, what is the problem with paying them back ? Do they need to “paid ” back ?
            If we borrowed them from overseas , and they are somebody elses $, I understand they must be paid back.
            But if they are ours , soveriegn currency, why do they have to be paid back ?

          • DominicMEMBER

            Bols, it’s known as ‘monetising debt’ and, practically speaking, what happens is that the ACG Treasury issues bonds and the central bank prints the money out of thin air (numbers on a keyboard) to buy the debt issued by Treasury. Not necessarily directly – the bonds are bought by financial intermediaries initially on the understanding that the RBA will buy the bonds — or, at least, any unwanted bonds. If there’s sufficient real demand then there is no need for the RBA to step in but practically speaking their aim is to boost the money supply so they will buy bonds regardless. That’s QE.

            To your question though: yes, the RBA can carry on printing money to buy (retire) the debt but this has consequences for the value of the currency and ultimately could be hugely inflationary — once the inflation genie is out of the bottle, it’s a b1tch to put back in. Central Bankers believe they have the ‘magic sauce’ to effect this difficult task, but I wouldn’t put a cent of my money on them being successful. Almost the entire debate around MMT centers on having control of inflation.

          • bolstroodMEMBER

            Thank you very much for taking the time to explain this .
            It has helped Mrs. B and I gain some appreciation of the situation. Scotty fom I see todaymarketing is now surging in the polls on

    • we know more about the virus and it doesn’t look as bad as thought at some point of time but I think the current prevalent ideas about the economic consequences is still rosy among majority of people
      so peak economic panic may still be in front of us

  16. Over the last few days I have been accused of arguing for “let them die” approach here while almost every post I wrote says something very different. So I’ll reiterate it here to be clear:
    – virus is not nearly as dangerous and deadly as media and politicians are trying us to think (not going into reasons why they are trying to scare people so much)
    – despite that ‘low’ threat to general population, virus is still very dangerous for some groups of people
    – spread of virus in most countries including Australia appears to be slowing prior to extreme measures possibly making any effect
    – we should be doing as much as possible to prevent and protect those groups as long as that doesn’t make more damage (especially if the damage is long lasting and burden on a specific group)
    – there is no proof that mass lockdowns are any more effective than other measures we can implement (in fact, most of countries with the best control never went with the lockdown approach).
    – In Australia, epidemics started easing (number of new cases dropping) almost two weeks before lockdown would have been able to show any results
    – no proper justification has ever been presented for extreme measures imposed and the cost and external damage of lockdown has not been ever communicated to the public
    – everything has been done in a semi-illegitimate way, behind closed doors, without public debate and under a scare campaign
    – damage done by these unjustified measures is going to immense both in economic costs and health effects onto population terms

    I rest my case for a while

    • Ronin8317MEMBER

      Do you really you sound very much like a global warming denialist right now? Only need to change around ten words.

    • desmodromicMEMBER

      Evidence? You present snippets of information that support your narrative then extrapolate to a global model. Your interpretation of the evidence also needs to explain Italy, NY etc. As for the economic impacts and the benefits of doing less, who knows?

      In the meantime, “perfection is the enemy of the good” https://www.youtube.com/watch?v=XEUwig1GkHo Your ‘case’ has many unknowns and inconsistencies and I’ll take this guys advice.

      • Localised containment doesn’t allow for spread of cases, hence increased localised pressure on resources.

        Plus demographic and social differences made Northern Italy and NYC hotbeds.

    • I agree that things don’t add up. I mean they are trialling every patented drug under the sun to try and treat the virus yet I have not seen one trial of a natural or known substance. For example it is well known that silver is an extremely potent antiviral and it is easy to make colloidal silver by electrolysis and silver is abundant. Why don’t doctors trial it through a ventilator to patients that are critical? There are so many other essential oils, herbs and minerals that are antiviral and kill sars in a test tube yet none of those are being tested.

      • Arthur Schopenhauer

        They (researchers in Universities) are trialing everything at the moment. There is no conspiracy.

      • Rorke's DriftMEMBER

        I bought some colloidial silver solution last week for the first time from a health food store. Got home and started reading online all the negative side effects and danger of it. Too scared to try but I suspect it actually works, so its in the cupboard for the day Im infected with few other options. Nevertheless I like your thinking Charlie. Ive started drinking bicarb of soda, half teaspoon in water each morning, the past three weeks for its anti-viral properties suppossed by increase pH level of your cells. Dont know if it works for Covid but after two weeks I started getting increased energy. Started jogging for first time in years, surprised myself, along with other fitness activities.

        • I’m medicating on alcohol – lots of it. The more I have the happier I feel about life. Works a treat 😉

        • I dont think silver is safe to take daily or in any regularity for that matter because you can’t get it out of your body, see the man who turned blue. But its antiviral properties are unsurpassed and 10ppm is a low dose that will likely do no harm if used on the ventilator for a few days at max. So if you are in ICU for pneumonia surely they could at least try it to see if it will safe a life. Its not as if the malaria or aids tablets have no side effects either. Anyway my 2c.

        • “colloidial silver” was the “silver bullet” to every known disease about 30 years ago, Didn’t think it was still being pushed.

      • silver is antibacterial, you won’t find any peer reviewed articles talking about anti viral properties.

    • Cool, how’s the US going. Where is the place with a significant infection problem that hasn’t run a lockdown policy? It’s easy to avoid a lockdown if you start with minimal infections.

    • bzunicaMEMBER

      I think lots of people posting here are looking at it through their prism (someone posted about salience yesterday) and many are falling one way (covid is an absolute disaster), whereas others fall the way of this not being anywhere near as bad as media and politicians make out. It’s bad because people die and hospitals can get overwhelmed due to it being insanely contagious. However, if you just follow the data we see that the ifr is about or less than 1%, the median age of death is high 70s and most deaths are accompanied by co-morbidities. Yes there were always going to be outliers of 20 and 30 somethings getting very ill, but the data is the data.

      • Yes, every year with the flu there are still healthy younger people who die, but most are elderly and or have underlying health issues.

    • >> – virus is not nearly as dangerous and deadly as media and politicians are trying us to think (not going into reasons why they are trying to scare people so much)
      Yeah I gotta say, the whole virus situation across the world has been out of step with the actions taken by governments. Part of me goes “well, it should be mild for the young so what the h3ll… ask the at-risk people to stay indoors a few months until it passes and keep going”. But then you watch what CCP did and you’re like.. they know this will decimate the economy, seems a bit far fetched to stage a full country lockdown (and so haphazardly.. would you not be a bit better prepared if it was all a gimmick?) for a bunch of old people. Aren’t they more likely to line up all the oldies and run a tank over em in a day .. declare the war over?
      And same here, Scummo has been dragged kicking and screaming to the lockdowns and tbh, the lockdowns last few weeks have been led by the states more than the fed govt. Each state has had their own set of lockdowns too and are moving at a different pace too. I think they have figured out that all the feds know is how to talk economy so let them do that and states to talk lockdowns because they know the health.
      Why would the govt go down the path of risking their “budget back in black”, franking credits with a tanking ASX and property with increase in unemployment.. and what is it about the virus we still have not seen that is causing governments across the world to do what they clearly do not want to do?
      I know it seems like false logic but perhaps that this the NY doc said is unfortunately true.. if we go through this and lock everything down and nothing happens, and people go “yeah see, it wasn’t so bad”, that is what we are aiming for. We are aiming for people saying “this is a massive overreaction, nothing happened”, that is the goal – “nothing” is the goal.
      Which means our goal is to prove the “its just the flu” people right. So then how do you actually know whether they were right or they are only right because the alternative was avoided? This is going to leave the country deeply divided and only in years to come when the scientists have had time to absorb the information on this virus, will we know what was what. Until then, is there even a point in arguing?

    • drsmithyMEMBER

      virus is not nearly as dangerous and deadly as media and politicians are trying us to think (not going into reasons why they are trying to scare people so much)

      Except it’s not being presented as particularly dangerous at all, especially through official channels.

      we should be doing as much as possible to prevent and protect those groups as long as that doesn’t make more damage (especially if the damage is long lasting and burden on a specific group)

      How do you control a highly contagious disease when half of people infected are asymptomatic ?

      there is no proof that mass lockdowns are any more effective than other measures we can implement (in fact, most of countries with the best control never went with the lockdown approach).

      Cherrypicking. Places that enacted and pursued early limits on entry and tracked/traced infections have not had to put in as many further restrictions.

      In Australia, epidemics started easing (number of new cases dropping) almost two weeks before lockdown would have been able to show any results

      Also before significant effects like hundreds of infected cruise ship passengers mingling in the local community will have shown any effects.

      no proper justification has ever been presented for extreme measures imposed and the cost and external damage of lockdown has not been ever communicated to the public

      Justification is Italy and New York.
      Communication has been terrible, but that is normal for this Government.

      everything has been done in a semi-illegitimate way, behind closed doors, without public debate and under a scare campaign

      Transparency has been terrible, but that is normal behaviour for this Government.
      The idea of “scare campaign” when basically every communucation through official channels is the complete opposite, is laughable. Not to mention highly influential individuals like Alan Jones basically presenting it as a hoax.

      Actually, hang on a sec, are you Alan Jones ?

      damage done by these unjustified measures is going to immense both in economic costs and health effects onto population terms

      Well maybe we can have a look at the damage done up until now, in 12-18 months and then a few decades down the track in Italy and the US to compare.

    • Stewie GriffinMEMBER

      I actually agree with you DrX, I think herd immunity will have to be the end game – simply because it is about to become endemic in the 3rd world and re-emerge year after year.

      As a harm reductionist, I think the logical solution is that we appoint Reausa in charge of hosting a giant week long intimate ‘relations’ party – a bit like the movie ‘The Purge’ but with Orgies instead – only proviso, only civic minded adults under 50 will be eligible to attend.

      For one whole week, no… better make it two, it will be your civic duty to at the very least engage in wanton frottage until infected.

      All those >50 (sorry Boomerengineer, H&H, Ermo) – you’ll all have to sit this out in splendid isolation – within a 6 week period Aust should gain a significant amount of herd immunity to open back up the economy, and then wham bam thank you mam, we’re all back in business – with tireless tracking and quarrantining of any new subsequent cases.

      Having a under 50s mass orgy is the logical and sane thing to do..

      Seriously though, I lean more to your side because shutting down the economy while we wait for a cure for Wuflu is like shutting down the economy while they develop a cure for the common cold – if they could have done it someone would have done it years ago to earn themselves a Noble prize…. its in Africa now basically we’re all phucked…. well mainly the >60s are, but we’ll all end up saddled with enough debt that we’ll wish it was us who died.

    • The FNG.MEMBER

      “I rest my case for a while”
      Good. Because quite frankly, I’m getting a bit sick of it.
      People are voluntarily shutting down. We did, much before the govt instructed us to. We’re not stupid. We could see China was fighting this like it was an escaped lab experiment. The Govt was playing it down until the last minute. Italy had to happen before western leaders changed their tune to attempting to protect their populous. Those people you see out and about still, they haven’t come to a different conclusion to the data in front of them. They’re generally just too stupid to understand what is happening. The highest rating TV shows in the country can attest to that. As well as the numbers of people who, after the Japan cruise ship debacle STILL get on plague ships or are stuck in the middle of butt fvck nowhere, a 6 day donkey ride to the nearest bus stop, crying for the feds to get them out!! The entitlement in some of those cases is off the chart.
      Anyway I have noticed the trend of those most against the lockdown are those who suspect they dont have sufficient time left in the market to make a recovery back those briefly touched nominal highs. Anything less is giving it away. I take it you didn’t sell?

  17. BigDuke6MEMBER

    The report from the front line this week was quiet.
    Some like me think it will go through in a couple of months.
    The peadiatricians think they will have a quiet winter.
    The Anaesthetists are very jumpy and still think it’s going to be horrible and they will lose colleagues. I guess they are ones getting the viral load coming at them when they extubate someone.
    I present these reports without comment or need for comment.
    What did one say last week? Had I heard of exponential growth…. fool.

    • reusachtigeMEMBER

      That’s not the right sort of report. You need to be telling the crazies on here that it’s absolutely out of control because of Scomo!

      • BigDuke6MEMBER

        They’ve quietened down but so has the thinking
        I want to know what happens next , surely neg gearing has to go now…..
        Or is it IPs and bordellos in Darwin for all the USA troops that will be stationed there for the new Cold War??
        Inflation then deflation is all I have just now

    • DingwallMEMBER

      “Some like me think it will go through in a couple of months”
      I would think most see it as likely a few months and hope it will be as few as possible. The potential unknowns include any following waves and any added impact of winter in the southern hemisphere.

      • And what happens if a deadlier strain comes through and we have minimal immunity due to lockdowns?

          • Another great reply from drsmithy!

            Because scientists, of all breeds, never consider possible scenarios – that would be, umm, farcical!

          • drsmithyMEMBER

            Good point.

            So what happens if it comes through in another strain that builds upon the damage caused by previous exposure ?

            What happens if it turns out the unknown long term effects take twenty years off everyone’s life ?

            We can play stupid and pointless wild speculation games all day.

          • Chase, from what I’ve read it has mutated 100s of times already with no meaningful change re it’s transmission / mortality rate. The scientist said it is being monitored and I guess if it starts to mutate into something deadlier they’ll know and we can look forward to a harsher lockdown.

            Your view seems to be let 10s of 1000s die in case of…..

        • A deadlier strain is different, so just like the flu you probably won’t be immune to the new one just because you are to the old one.

  18. OfficeboyMEMBER

    can anyone advise .. if the US of A tanks through virus and then the stock market however in Aus we fix our infection rate .. can the two stock markets diverge sustainably ?

    • ChameraMEMBER

      Good question, I would think they can’t outright diverge, but you could see small diversion on up and down days that add up over time. If the US tanks, capital will leave everywhere so fall in our market and fall in AUD.

    • We are one of the most globalized country in the world. I don’t think our stock market can diverge much because of that.

    • We don’t make anything, so how can our economy function without flogging land to foreigners?

      • Victoria’s current account will look a bit scary in the coming months. I think there are real problems for their budget and the ponzi business model will be torched.

  19. Hope everyone is taking up Gunna’s suggestion – HyperNormalisation (2016) Adam Curtis.

    I would also recommended one of his earliest works on the individuals in the Conservative U.K. camp that sold the idea on unregulated markets – rational agent et al, based on deductive processes only, somehow the results were just the opposite of what was envisioned and ended up devolving into a CYA blame game. Problem was they could not or would not put the horses in the barn again.

    Reminiscent of the NYC bond sales noted in the Curtis doco.

  20. Arthur Schopenhauer

    Saw the first maxed out SUV for sale. 2018 Mazda CX-5. Low, low Km’s. Parked in the front yard. Must sell this week. $17,000.
    Jet skis next.

    • boomengineeringMEMBER

      Push bike for sale next. NEARLY DIED THIS MORN. The driver had all three lanes went into our lane just missed us with a loud screech of tyres. Got it all on video. Anyone here know how to post it here?

      • Imgur? Then post the link?

        Also, complain to the police, send them the video… mate of mine did the same with an islander cnūt roadraging on him. Number plate wasn’t very clear, but he had the presence of mind to read it aloud so it got captured as audio track. Cnūt got a large fine and a bunch of points off two days before Christmas last year: “Merry fcken Christmas … Island… cnūt!”

        • boomengineeringMEMBER

          Frost, greatly appreciated, early in the morning no one else on the road 3 lanes each way. Moved into our lane at speed swerved not missing us by much. The video has a exclamation in profanity though.
          Sent the email vid to mate via one drive, is Imgur? better ? what is that ?

          • Send it through, police are used to profanity… just do it. Worst that can happen is they take no action.

          • Mining BoganMEMBER

            I’ve taken a couple to the police but out my way it seems to be a you’re still alive so what’s the problem attitude. Only one that got any attention was when someone else had already reported to the wallopers that a car had deliberately tried to run a bike off the road so they had a witness and video.

          • Report it and follow it. If the bastards drove at you, then they tried to run you off the road. Make a fuss of it. If you let it slide nobody learns anything out of it.

            They “should” have some time these days… and the speed tickets spring might have dried up a little too… so they might just hop to it!

          • Mining BoganMEMBER

            I like the London system where they have an online form to report motorist sh!tf#ckery. Upload your video and details, write a note or two then hit send. Seems they have a whole squad assigned to it with many convictions.

            Only problem is vigilantes going out looking for trouble.

          • boomengineeringMEMBER

            Didn’t try to run us off road as high kerb, nearly ran straight into us 2.

          • Boom, had a number of drivers do similar. Reported a partial number plate of a rubbish truck that did that and police did nothing, but if you have video that will be different. I think a deliberate effort to put the wind up you. Some drivers are just bunts.

            Where’s the vid?

      • I’m not in favour of capital punishment but when I saw your video I just about changed my mind.

    • Saw a few new Fuso and Hino dual cab trucks for sale around the traps here… just parked on the side of the road, with a sign on.

    • Was it white? Parked on the roundabout on Banyule Road, Viewbank? Think I saw it, yep $17k

  21. blindjusticeMEMBER

    I see some are still trying to push eating insects. Eating insects is why bats etc are full of viruses

    • Mining BoganMEMBER

      I ate the deep fried crickets and cockroaches in Cambodia but couldn’t knock down a tarantula. They were small spiders to be called a tarantula though, not like the one you see crawling up Maxwell Smart in the doppelganger king episode. A nice Chinaman wolfed one down and nodded when I asked him how it was.

    • Armmm… not quite true on that one, ma’ dude. Some/most of that viral sh*t has evolved to inhabit that species. Insects may or may not be carriers of said viral load.

  22. Arthur Schopenhauer

    There is a temptation to look at each country’s response to Wuflu through the lens of conspiracy.

    As a thought experiment, we could look at it through the 3 Ps, Purpose, People and Process. This is straight out of MBA 101, but it is a very useful framework to think about a country’s response to the disease.

    Purpose
    What are the values of a country?
    What does a country expect from its citizens?
    What behaviors are rewarded (through the tax system, National awards, appointments to positions of power)?
    What regulations have been imposed across the country?
    What religious values are followed?
    What are the measurements of success?
    What cultural or organizational values or drivers?
    Who is rewarded and for what?
    What is the emphasis of the national Education system?

    People
    How educated are the populace, and across what fields?
    What are the broad incentives for individuals?
    Is the country predominately organized, top down or bottom up?
    Are people promoted on merit or social connections?
    Do the people in power listen, and reward innovation? Or do they punish it?
    Do people trust each other?
    Do people trust their leaders and institutions?

    Process
    Does a country have the organizational ability to roll out plans quickly?
    Does a country have institutional flexibility?
    Can a country manufacture goods on a large scale? (PPE, medicine, test kits, fuel, food, etc)
    Can a country communicate plans effectively?
    Can a country enforce new living arrangements or do the require cooperation with citizens?
    Is there an effective feedback mechanism between the citizenry and the government (and institutions)?
    What is the geography of the country?

    There are more points, but I’ll leave it there.

    If you look at the Taiwanese, Korean & Japanese approach, they fall into a similar PPP profile.
    Look at the Anglo countries, and there is a PPP spectrum from the US to Britain.
    Compare the Southern European states with the Northern.

    It might not be a perfect lens, but it is a start to understanding the broad differences in government approach to the pandemic.

    • Stewie GriffinMEMBER

      Look at the Anglo countries, and there is a PPP spectrum from the US to Britain.
      Compare the Southern European states with the Northern.

      It might not be a perfect lens, but it is a start to understanding the broad differences in government approach to the pandemic.

      Simple – the Anglo countries are no longer national societies, but national economic zones – aka EZFKA

      • Rorke's DriftMEMBER

        Whats this EZFKA?. Not that I really care, just that I see it in lots of posts (maybe all yours?) and you seem to want to make an important point with it, albiet in code.

    • Totes BeWokeMEMBER

      I’ll tell you what country we are.

      We’ll put up with LNP and Labor being infiltrated by wealthy elites, who then collude to enforce 80% of policy 99% of us don’t want.

      We’ll put up with planes continuing for 6 weeks from Wuhan. We’ll put up with VCs bringing in Coronavirus via 3rd countries. We’ll put up with probable corruption that docked a cruise ship full of virus. We’ll put up with elites getting favourable testing and medical care.

      We’re fked anyway; virus or not.

      We’ll eventually riot no doubt, but it’ll be far too late.

      • happy valleyMEMBER

        Yep – Scotty is p.ssing in the wind with his Team Straya mantra, coming indeed as it is from one of the most divisive PMs this country has ever seen?

      • Arthur Schopenhauer

        If you understand the underlying incentive structures that reinforce our current culture, you can work an effective strategy to change the culture. Rioting, without a strategy will be quashed.

        We all know the country needs to change.

        Where do we want to be? How do we get there?

        • Totes BeWokeMEMBER

          There will be, can not be, any change until Labor are destroyed.

          After that we can vote for candidates who oppose LNP, or govern, and give our country back.

          We can then nationalise resources and utilities, reset welfare dependency, get our kids working and off ice, stop immigration, restore the environment.

          Take the wealth of those that put themselves above the welfare of Australia and Australians. That’d be all today’s politicians, all MSM including presenters and commentators, and 90% of big business.

          Failing that, within 30 years it’ll be illegal to oppose the elites, media, and politicians, and the plebs will lose absolutely everything including their freedom.

          • Correct Totes, while Labor remains ‘The Fake Alternative’ progress will be at best difficult at worst impossible. Sorry Ermo…

          • Arthur Schopenhauer

            How are you going to do that? What would need to be done? Have an all LNP parliament?

            Yelling “Labor needs to be destroyed!” does nothing change how decisions get made in Australia. You may as well yell “Collingwood needs to win the Premiership.”.

            How? What are the steps? How would you displace those in power? What would you replace them with?

          • Totes BeWokeMEMBER

            Arthur

            We already have a Labor party that’s exactly the same as LNP minus micro issues.

            Getting rid of Labor doesn’t have to mean replacing with LNP. Strategically vote for independents and other parties.

            Think about it. It makes sense.

            There’s nothing wrong with our democracy. We’re just too collectively stupid to make it work for us.

          • Arthur Schopenhauer

            I’m not arguing that there are not venal lickspittles in the Labor party and they are not an effective opposition.

            In the interests of discussion, it would be better to figure out how we replace them.

            The corruption in government is obvious. The reduction in National capacity is there to see in the current crisis.

            Repeating “Labor needs to go” isn’t moving the discussion forward. I agree we need more independents. Most Australians aren’t there yet. How do we get them there?

            People are most open to change immediately after a major life event. (Death of a parent, birth of a child etc) This pandemic is just that. At the end of it there is an opportunity to steer the good ship Australia in a different direction.

            Using the time to discuss how that might happen, is better than seeking confirmation of what we don’t like about how we got here.

          • Totes BeWokeMEMBER

            Arthur

            Now we’re talking.

            I want to convince a prominent loyal Australian to vet independent candidates in each seat to crush Labor (and LNP if possible…i doubt it).

            I have one such person in mind who has agreed to meet with me.

            I also have someone on here who aligns with my views who has also agreed to meet with me…..sadly I put him off because I don’t feel my idea is complete.

            I don’t want to waste their time so am looking for people exactly like you to help me formulate a plan.

            Let me know if you want to help. Seriously. Say so here and we’ll work out how to communicate.

          • Totes BeWokeMEMBER

            Edit…Vet, promote and endorse.

            IMO the first step is for Australians to see that Labor are the enemy as much as LNP are. I think you know that too.

        • Violence is a fairly effective signalling strategy — thinking long and hard about ‘how to effect change’, not so much.

          the Gillets Jaunes movement in France is a perfect example and caused the chimp-in-charge, Macron, to reflect on his globalist policies which, to that point, he was wedded to and had instructed fellow Frenchmen to ‘suck it up’.

          • Arthur Schopenhauer

            Take it back 200 years. The French Revolution gave rise to the modern nation state. The Aristocracy was over thrown in an orgy of violence. However, many more were killed in the subsequent civil war.

            You guys should read about Joseph Fouché. The first Police Minister and head of Napoleon’s secret police.

            The French Revolution ended with a young Corsican Infantry Officer installing himself as Emperor, and murdering his opposition. Fouché facilitated mass murder of French citizens on Napoleons behalf.

            Violence without a plausible promise for a better society is the path of fools.

        • DominicMEMBER

          “Where do we want to be? How do we get there?”

          I know you are well-meaning here but such questions have a whiff of naivete — certainly, they seem endearing.

          I think it’s fairly obvious at this point that it will take a major crisis to instigate change – those who benefit from status quo will stridently resist change and certainly our political system makes it even more difficult — I’m not sure it’s actually possible for anyone outside of Labor and LNP to come to power, given the way the electoral process functions. Straya’s version of the Deep State is quite comfortable thanks and very happy earning a handsome living off the taxpayer dime – and why not? Life’s good. No point rocking the boat.

          The good news is that it’s the Govt’s own actions which will likely precipitate the demise of the current system – Covid-19 is a disaster in one sense but a god-send in another. Sit back and watch the pollies pour copious quantities of fuel over the existing rotten edifice and then light the match which burns it all down. I give it two years. (It will, of course, be 18 months 😉 ).

      • Totes, voters do want it as they keep voting for this sort of shit, because I guess, they stupidly believe this is how the economy needs to be run and most are too scared to go down a different path. Just see how we went form “this virus is all bs” thinking to panic hoarding etc in two minutes. There’ll be no riot, all the talk of Australians being anti authoritarian is just bs, anything goes wrong and we shit ourselves and go running for momma. We have to have someone hold our hands and speak soothingly or we start whimpering.

      • I don’t know about that but I knew a turnip once who could sing La Marseillaise

    • DingwallMEMBER

      Australia’s answer would be just saying “Well our main religion is real estate” to all those questions

    • Which bugalugs wrote that piece of cockroach sh*t? Sheesh, the next thing we’ll get is the guy who was the kid eating earthworms writing an article about how good they are for your health…

    • BigDuke6MEMBER

      Also if this all works out better than 9/11 they’ll move from false flags to a pandemic every 20 years.
      Or false flag pandemics

    • You must surely have seen Paul Joseph Watson’s Youtube vid on the same subject ..

      • boomengineeringMEMBER

        Dominic,
        Look up my website for email address and I will send a speargun to you free of charge. It is an air gun which is a pain to load underwater but easy on land.

  23. Man with Covid19 allegedly spits in police officer’s face

    https://www.news.com.au/lifestyle/health/health-problems/coronavirus-australia-live-updates/live-coverage/905afffa8fc784b68a4fdcdf90380b1c#43688

    A man who claimed to have coronavirus will appear in court today after he allegedly spat on a police officer after attacking him. The man, 37, allegedly spat in the face of a senior constable as he was being arrested on the NSW south coast yesterday. The incident occurred about 8.30am Saturday when police were called to Scenic Drive in Nowra to speak to a man who’d been seen acting erratically.

    Had commented on the possibility of this behaviour happening and potential impact yesterday:
    https://www.macrobusiness.com.au/2020/04/weekend-reading-4-5-april-2020/#comment-3777681

    Both perp and cop will have to be tested, and will see the officer taken off active duty if positive. The guy might have been bluffing about being infected, but who is going to dare take the risk?

      • boomengineeringMEMBER

        Mining, thanks, called the cops but you have to go in so posted on your bike report (up ride) instead.

        • Mining BoganMEMBER

          I’ve found when going to the cops they’ll always tell you they’re too busy to take a statement at the moment but can you come back at a later time hoping you couldn’t be arsed to make the effort. Say okay and they’ll sigh and make a time. Then ring them a few days later ask if anything has been done about said official complaint.

          Still gets you nowhere because lazy comes first but you gotta make the effort. Catching up the idiots at the next set of lights and telling them what you think is satisfying but they’re not losing their licence.

          • As I said… just keep fcken badgering them… Christ Allmighty, you complain that no one is doing sh*t and here you are, you have the evidence, you were in mortal danger and you then feel lazy and do f*ck all about it because it’s too hard…
            .
            .
            .
            Where’s my fvcken hammer? I might need to hammer some common sense in soon…

            And no, this was not addressed at Boomen: it’s addressed at any shut-in who might find it hard to follow it up precisely because the flabby arm of the law has made it intentionally hard and boring to make a complaint.

          • BigDuke6MEMBER

            Wow that’s a close one. It’s just me but I get the feel there’s people driving who haven’t been for a while. The standard is worse then usual and that’s saying something.

          • Mining BoganMEMBER

            No, police lazy comes first. I follow up every one. They keep telling me that video isn’t evidence but get angry at me when I ask why do they ask for people’s dashcam footage when they need clues to a case.

            Next step is to escalate it up the food chain if nothing is done. Usually get an email though saying it’s been investigated and the driver has been spoken to and gotten a warning when you just know they haven’t.

        • Boom, I’d have thought most state police have a FB page, see if you can post it there and complain about inaction.

      • boomengineeringMEMBER

        Plug, thanks for concern. The scare was short lived until I saw the vid then it really rattled me.

        • I can see why. Just about to get back in the saddle after a bit of a layoff and the video is making me think twice…

    • ErmingtonPlumbingMEMBER

      This is why I ride on the footpath, back streets and bike tracks only.

      BTW Do they sell those Lycra/Spandex bike pants in giant Dutch bastard size or do you just wear Speedos?

      • boomengineeringMEMBER

        . But that reminds me of when I rode my Matchless motorbike from Waikiki to Scarborough in only Speedo’s. bare feet,not even thongs A lesson well learn’t, wind burnt to the max.

    • Jebus, you were 2 seconds away from a flip through the air. I hope you have his Rego plate.

      • Unfortunately it is not a crime to be randomly dangerous driver until accident occurs. Vigilantism is.
        With the ways licenses are issued for car drivers… it is a miracle there are not more deaths…

        • Actually I seem to recall that it is: something about driving without due care or in a dangerous manner, endangering others and so on… sooooo, yeh, I wouldn’t put a bet on *that* one as not being a bookable offense.

          • boomengineeringMEMBER

            The reason I don’t ride after 6.00 am is the traffic too busy, the reason I don’t ride before 4.00 am is the possibility of drunks and drugs. That person must have been a after 4.00 straggler or did it on purpose.

          • Yes, there is a proviso as per what you say but it is only post accident.
            If a traffic cop was witness to the fact, perhaps yes (and probably combined with RBT), otherwise…

            It does appear as plausible for “…or did it on purpose.”

  24. BoomToBustMEMBER

    Citizen reporters go to the epicenters of the overwhelmed hospitals and find……… no lines, no queues !!

    https://www.youtube.com/watch?v=zSBgXJpje74&

    How many people in here know someone who has this virus?? How many on Facebook or other social media platform know someone who has it?? Personally i’ve got around 150 people on FB, and not one of them has said they have it. Statistically speaking based on the R0 this is impossible unless we are being lied to.

    • ErmingtonPlumbingMEMBER

      Ive noticed the same with venereal disease.
      Ya never come across people fessing up a dinner parties or BBQs with infection anecdotes.

      Why not?

    • Check your maths.

      Australia has 25 million people and 5500 known cases of Covid.

      So that’s one case per 4545 people (so far).

      You need quite a few more Facebook friends!

      (I know someone who has it … grandfather of a school friend… but yeah, most people are not likely to share the news).

      • But if you have 100 friends and they have 100 friends then that is 10, 000 within your friends and friend of a friend network. But even in such networks still no reports of cases.

        Check your network maths.

        • 1. That’s not what he said. He said he has 150 friends on FB and not one of them said they had it. He didn’t include their networks.

          2. In a social network of 100×100 there would be plenty of overlap among contacts. Ie people who know a lot of the Same people. Might only be 7000-8000 unique people not 10000. But beside the point a bit.

          • OK, fairpoint, he didn’t talk about his network. Yet, how many people are actually hearing about a friend-of-a-friend that has it, even if it isn’t broadcasted on Facebook, these anecdotes still get around by word of mouth.

            Within most of our networks, the case is, most people aren’t affected.

            People are affected by stories of Detroit bus driver dies of corona! Hyperbole. But during flu season we hardly hear of stories of young people that die of the flu (and there are many each year, but it doesn’t take our interest, because where’s the hyperbole that can be applied?).

            Media is loving this beat-up. It’s good for their ratings, they have a captured audience, and its their opportunity to take back some eyeballs from Netflix and other streaming services that don’t offer live news broadcasting.

            Most people are boring and are loving the novelty of the situation – there’s only so much they can say about what they are currently binging and house prices.

            The media are picking up on this and giving the people what they want – sob stories, victimhood and survival, scary numbers, and the sentimental crap about ‘Care Armies’ – people lurve that sh!te – be it ABC, Channel 7, 9 or 10, SBS, Buzzfeed or YouTube viewers.

            Most people love a spectacle and are sentimental.

            Corona provides for both.

        • Where I work there are cases in our ICU

          It’s like saying the media reports on murder but I don’t know anyone who has ever been murdered neither do my “friends “ on facie so 👀🤷‍♀️

      • People would share their status on social media in this era of oversharing.

        They would be seen as brave and people love being victims but survivors.

        • Some people but in my experience not most.

          And the oldies 75+ are almost all not like this. And they are also not on Facebook.

          • You’re right, they just tell their middle-aged children who flock on Facebook (it really is for boomers), who then tell everyone.

            The oldies just become stories on Sunrise and other sentimental media outlets to share their ‘heartache’ and most importantly, their’ journeys’.

    • If you are Australian and haven’t travelled overseas recently you can’t really get tested for it, even if you have it.

      • Yes you can,
        But need to have more than one indication and ask for it by name..
        No refusal.

    • I’ve had it and so have many of my friends and work colleagues but we got over it pretty well except for a few who are still trying to get rid of the cough 1+ months later. We have all had identical symptoms but none of us have been tested. This was back in Jan to Mar. For whatever reason it hasn’t taken hold in Aus. and you can tell because the hospitals never got overloaded through early March when it should have been peaking. My mates an ambo and he clarified this. Maybe its the sun? Who knows

      • reusachtigeMEMBER

        Almost a month in and I’ve still got that bloody cough. Mainly only early in the morn before I’m due to wake, but I wake because of the cough. Not there much during the day at all. It had almost gone then came back about two weeks ago. I had this crappy metallic taste in my mouth but that’s mostly gone. Comes and goes. As too the loss of smell and taste. 4 weeks on. But hey, just like all of you, it’s probably just a common virus that would have happened anyway, not some scary disease. True story.

        • Good to hear that whatever you have did not worsen. (Not sure how you could tell you lost your sense of taste though.)

          • reusachtigeMEMBER

            Most of what you taste comes from your smell so when you can’t smell anything all you can taste are the basics of sweet, salty, sour, bitter and the Japanese one, but no complexity. It sucks especially if you only drink expensive wine like me. It all tastes the same so I wish I had a few casks during this time.

        • I’m so happy you feeling much better, who would take care of all those uni student girls if you not well??!!

      • Weird I’ve had a cough for a month now. I had a couple of days where I felt lethargic a month ago and that’s been it I was in Sydney before that working for a company with a lot of international travelers from Asia. So who knows? Maybe I had it already?

        • Ive had a cough for 3 months…and breathlessness etc…went to doc..got x-ray blood tests..all clear…still coughing?? On a ventolin now..i used to be a top level footballer..this is weird! Not been tested for covid as i had cough month before they mentioned it?

      • How would you “know” you had it

        Like, how would you really truly ridgy didge had it for real life

        I’ve had plenty of bad bad colds and viruses with the same symptoms

        Doesn’t mean I’ve had it , Hoss

    • BtB, work with a guy who was tested +ve, a co-worker of his at the time was called by the health dept and was self-isol’d for 14 days!

  25. “Experience is a good teacher”

    … it took nearly three months for health officials and their international partners to identify the virus as the causative agent. By that time, the virus was firmly entrenched and spread was primed to explode.

    By 23 March…, a few scattered cases had already been imported…. but these cases were not detected, investigated, or formally reported to WHO. The outbreaks ….smouldered for weeks, eventually becoming visible as chains of transmission multiplied, spilled into capital cities, and became so numerous they could no longer be traced.

    Ebola, of course. “But this isn’t Ebola!”. You’re probably right. But what if you’re not?
    https://www.who.int/csr/disease/ebola/one-year-report/factors/en/

  26. SnappedUpSavvyMEMBER

    Suddenly hipster wankers think manufacturing, 3D printing, making things is cool now after turning their pimply inner city elitist noses up at anyone who actually made anything in this country for the last 20 years, how long will this fad last

    • SUS. The person who is doing the 3D printing actually runs an not for profit making artificial hands for disabled people.
      Because he has developed a good (free) supply chain of suitable recyclable plastics, he has been able to quickly change course. I suspect he would be open to making any useful PPE items, that are suited to 3D printing. He is based at Phillip Island.

      • The Traveling Wilbur

        Technical question without notice: are you still a fken inner city poser if you’ve successfully replaced your own toilet seat and toilet inlet valve, and reseated a mixer flow tap in the kitchen (the bstard 12 inch long thread type)?

    • I know a few inner city hipsters that have been into 3D printing for years. Two of them even moved outside of the inner city, to regional Victoria, so that their rent wasn’t eating into their capital to get to work. Others I know rent small boxes in subdivided warehouses due to the high cost of setting up a place to work. Most inner city hipsters I know also understand why shutting down car manufacturing is a bad idea. They have a natural advantage over many of the boomers I know, if we are going to stereotype, in that they stopped paying attention to the press releases from the LNP that pass as news many a year ago. Many of them live hand to mouth and realise that they are being done over and that our current situation is unsustainable. That comes from attempting to start up their own businesses and seeing how rigged the game is against them.

      • Narapoia451MEMBER

        +1. While I don’t approve of all their life choices the hipsters I know are all far angrier about the death of manufacturing in Australia than your average boomer or coalition voter.

      • Totes BeWokeMEMBER

        You trying to paint these Labor and Greens voting morons as “aware”?

        WTF.

        They’re the problem. The clueless idiots that turned a useful Labor party into an open borders, globalist, unelectable joke.

      • SnappedUpSavvyMEMBER

        Lol I don’t mean wankers 3D printing a new bong or reusable coffee cup

        People are so removed from actual manufacturing they don’t know what it is

        Get ya hand off it

      • SnappedUpSavvyMEMBER

        And if they’re struggling tell them they could earn close to 100k a year die stting in an actual factory but that would be way too blue collar and unglamorous
        Manufacturing is about making things other people use not day dreaming up new inventions, that’s the easiest part

        • With 3D printing they have the ability to both design and manufacture. And companies were coming to them for their products, so the market was supporting them. That’s successful manufacturing to me. At the business level they were taking on staff and building capability in research, design and manufacturing. Which is also a sign of success. One did have to outsource production of some pieces to keep their costs competitive. I’d say that is more of a slight against the LNP and Labor as it has been their policies that makes manufacturing in Australia so difficult than any real desire of these people to send the production overseas.

          • SnappedUpSavvyMEMBER

            It’s small scale successful and extremely rare and if they ever get a product that sells they go to an actual manufacturer with an actual factory with real machines and get it made for them, I see this type all the time, they don’t want to be in a hot noisy factory, ever

  27. https://www.theage.com.au/politics/federal/canberra-to-push-china-to-ban-wildlife-meat-trade-20200404-p54h2x.html

    “Mr Wood was among the first Coalition MPs to condemn live animal trade at wet markets last month and has faced calls for his resignation from Labor over what one MP labelled as “fear mongering”.

    Labor’s spokesperson on multicultural affairs Andrew Giles said at the time Mr Wood should be working to “unite Australians” and that the remarks were inappropriate, offensive and could undermine public health efforts.”

    Some red meat for TotesBeWoke… that is dire.

    • Totes BeWokeMEMBER

      BTW, one of my favourite foods is Chinese bbq meats. Cha Sui, soy chicken and duck. Love it.

      I’m far from a redneck. I just hate the workers party being anti worker, and hate “beneficial immigration” destroying our country.

      We’re living one big lie.

    • Andrew might be right but is there scientific evidence that this virus really started at the wet markets? Unless the movie is the evidence now. Can we get sober and start thinking with clear minds?
      Wet markets are one possible and likely candidate but so is the Wuhan Lab and so is a CIA mole visiting China and smartly realising the virus at the wet markets knowing it will trigger the desired conclusion. Unless I see evidence I will keep all my options open.
      And no I am not China fan and I do think we should bring lot of manufacturing back. But I am also not brain dead. Seen plenty of Gulf Of Tonkins to cast doubt on anything US and neo-liberal politicians from the west will claim.

        • my personal view is it escaped from the lab – but need evidence that is the case.
          And when it comes to compensation, let’s first pay Iraq compensation as we were part of the willing..

  28. reusachtigeMEMBER

    Ok. I’ma really gonna go out on a limb on this sick commie sympathizers blog and state that our Prime Minister Scott Morrison hasn’t just done a good job, it has been exceptional. When the yella-bellied nut jobs screamed for him to cut the fck off of life he resisted and took a more sensible thought out and less fearful balanced approach. Now we have a lessening virus situation while I can still go for my power-walk in the morning, stop off and say g’day over the fence to my good well-to-do neighbours, and pick up a take away Campos coffee. It’s as good an outcome as there could have been really. He is ace!

    • The Traveling Wilbur

      Yep. He’s the best Prime Minister Australia’s had since that guy who got rich from the internet and knew exactly how to fix the NBN once he became Prime Minister.

      Edit: did I type “best”?
      So sorry, I meant “only”.

  29. Wouldn’t the best solution to the current oil price mess be to simply introduce a tax on oil/gas

    A “carbon tax” if you will

    Revenues could be used to offset fiscal stimulus in other areas

    • How would that help oil producers Einstein? I thought the current problem is that the oil price is way below the marginal cost of production for most oilers, particularly the oil shale and oil sands producers in North America.

      • I believe the larger problem is that it undermines US dollar flows , and money velocity in general

        Shale producers being uneconomic is less of a problem since the majors and private equity will buy up their assets for pennies , mothball them now and make a killing later

        The rest of the liabilities will go on the fed balance sheet anyway

        Thanks for your mocking tone though. I wish I was as smart as you

        And like that I see that Trump is proposing tariffs

      • Mate, I’m not the d!ckhead who claims to have the highest iq on this site. Don’t lead with your chin if you have a glass jaw.

        I don’t see the need to over-analyse what is happening with oil. It is down about 65% for the year, at about USD25 a barrel, and the marginal cost of production for US shale companies is up around USD45-50. Unless Trumpy can get Uncle Vlad to release the squirrel grip and soon, Trumpy will see his oil sector – one of the bright spots in the US economy in recent years – in a depression. Most of these companies were built on cheap credit so they have no buffer. One day they’re there the next day they’re gone. There will be ramification to that but that in itself is the second biggest story doing the rounds at the moment.

  30. As Carl Heneghan, professor of evidence-based medicine at the University of Oxford, said last week,

    ‘people with no comorbidities can relax; you may feel funny but the mortality is incredibly low. The wider question is how we best manage people with comorbidities and keep them safe and out of hospital.”

    In Sweden, never thought of as a nation of daredevils (they’re so safe they gave us ABBA and Volvos), the vulnerable are sequestered and cared for. They might have to sit things out until a vaccine is developed, while the rest of the people are visiting restaurants and bars, more or less as usual. So far it seems to be working.

    No such luck here, though. Our reckless, hysterical governments tumble over each other to impose ever more ridiculous constraints on our liberty, supported by police forces that interpret their authority in a fashion sinister and absurd at the same time. And they have the audacity to quote “the Anzac spirit” as they order fit young men to cower in their trenches.

    Some of us are not surprised that our elected leaders and their unelected enforcers have been found wanting, but what really shakes your faith in society is how meekly their ludicrous commands have been obeyed.

    Did anyone real­ly think more than 500 people at Sydney’s Bondi Beach represent a threat? And if so, why the same 500 limit around the corner at Tamarama’s beach, a fraction of the size? And why a zero limit now?

    Why can’t a solo sunbaker lie on the grass in a park without a police car moving him on?

    Why can’t a boat owner take a run up the coast?

    Why can I only buy “essential” goods? Will PC Plod soon be inspecting my shopping bags for truffles and Toblerone?

    The driver of this madness is that the data we are working with, as has been pointed out by many epidemiologists, is fundamentally flawed. If we don’t know how many people have been infected, we don’t know the mortality rate.

    One of our panic-stricken pollies was on the radio on Monday warning people that even if they felt fine, they could be walking around spreading the disease. A disease with no symptoms that doesn’t make you ill? Terrifying.

    But those symptom-free people will never be counted, just as all the people who have avoided burdening the hospital system with their minor coughs and sore throats will never be counted, so the mortality rate is inflated.

    So too in Italy and Spain, where everyone who dies with the disease is recorded as dying from it, no matter whether they have been wiping their feet on death’s doormat for months.

    You don’t need to be good at maths or medically trained to realise all these numbers are wickedly inaccurate. If the infection can manifest itself with mild symptoms or none, how on earth can we declare how many are infected?

    How many run-of-the-mill flu infections go uncounted each year?

    I’ve never been sufficiently troubled by a cold or flu to go to the doctor, so I’ve never featured in any statistics. Perhaps I’m freakishly lucky, but I doubt it.

    Instead we have a simple division sum, but one where the denominator may be out by a factor of a hundred, or a thousand. If one in every 12 people infected dies, that’s a nightmare. One in every 1200, with 99 per cent of them already gravely ill and of advanced age, it’s not so frightening. And are the millions thrown out of work a price worth paying?

    John Ioannidis, professor of medicine and epidemiology at Stanford University in the US, believes if we hadn’t counted and tested this new COVID-19 separately from ordinary colds and flu (and the scary sci-fi name doesn’t help), “we might have casually noted that flu this season seems to be a bit worse than average”.

    He may be wrong, but what is certain is that for many of our fellow citizens, this will be the year everything they’ve worked so hard for — their businesses, their savings, their jobs and dignity, their marriages, their sanity, their hopes and dreams and joy — evaporated.

    One day we’ll emerge blinking into the economic wasteland we have wilfully created, but next year winter will come around again, and with it more flu, no doubt with another horror mutation.

    So what will we do then?

    • Good contrarian stuff. Keep it coming. The truth will out….eventually. Locked down until at least October? Tell me they’re dreaming. A vaccine that is efficacious may well be years away, or may never come about according to some who should know. So in the meantime…..?

    • BoomToBustMEMBER

      Normally I do not agree with much your write, however I am 100% in agreement with you on this thought process, the hysteria surrounding this virus is absurd and our loss of civil liberties taken so easily is frightening. How many of them will be returned, if 9/11 is anything to go on, I’d say few to none will be handed back.

    • ErmingtonPlumbingMEMBER

      “Why can’t a solo sunbaker lie on the grass in a park without a police car moving him on?”

      Well no body wants to see a Dude sunbathing in a pair of dick stickers,….yuck!
      Now a chick on the other hand the cops would correctly leave alone.

    • Coming mate. Can’t argue with any of that. Sounds about right to me. But you’re not getting my support.

      This thing is fvcking up the system totally and I love it. With any luck it might break the neo-liberal hegemony on politics at last.

      On top of that, I am coining it daily on all my short positions which have been so hard to stick with through the massive leveraging years. Best thing that ever happened to me.

      No mate. Let the hysteria run wild and unfettered. Best thing ever in my life

      • this is my thought process too. i love this virus. even if it only exists at the nanoscopic scale it’s singlehandedly taken a wrecking ball to the beowulf-scaled nation wreckers of globalism, mass immigration and infinite growth capitalism. i also love being able to walk around every day and pretend i’m in a zombie apocalypse movie. a couple more months for covid19 to run everything into the ground and i’ll be happy as a clam.

      • you guys are deluded – the truth is exactly the opposite

        Coronavirus is an excuse to bail out the world’s banks and debtors

        it is a fig leaf to justify the central banks taking on all the world’s liabilities, and allow the banks/regulators to mark values to fantasy

    • Yeah, I heard someone just got fined $1000 for hosting a dinner party in their own home, with 14 people, one of whom had arrived from another state less than 2 weeks ago. Did you ever think you would see the day?

  31. The Ruby Princess is now up to 10 deaths and 600 cases.

    Even after the crisis, no Australian will ever want to sail on it again.

  32. I thought of my father, terminally ill with pulmonary fibrosis, when I heard of another victim of coronavirus this week.

    He’s confined to his house, alone since my mother died four years ago. He relies on family and friends to shop for him; they wave through the window and leave him food on the doorstep.

    I spoke to him as news came in of a 90-odd-year-old woman dying in a nursing home. He’s sick of the isolation and doesn’t want the time left to him to be spent in solitary confinement. His first great-grandchild was born six months ago and he fears he will never see the boy again.

    “Look, son, I’m 88 in August,” he said, cheerfully. “I’ve had a good run. Whatever happens to me from now on, it’s not a f..king national tragedy.”

    My father’s attitude is, he believes, not uncommon among his contemporaries, who understand the tough reality of old age. As he put it, with his winning sarcasm;

    “These people in nursing homes aren’t exactly snatched away in the prime of their lives, are they? Half of them don’t know they’re there, don’t even recognise their children when they visit.”

    It’s brutal, but I’m sure he’s right ……

    We require doctors and nurses to focus on their patients, but politicians need to take a broader view of the myriad components of a functioning, worthwhile society.

    Sarcasm aside, when did life move from being precious to priceless?

    We lost 20 people to the disease in March. In the same month we lost another 13,000 or so to other ailments and accidents, but let’s not worry about them.

    As more facts emerge about the virus, it looks as though it does most harm to the chronically sick or the elderly, as do most respiratory diseases. And when old age is combined with a pre-existing serious illness, you’re in real danger.

    So the high-risk group would be wise to take all precautions, withdraw from society if they wish, and resurface when there’s a vaccine. We could devote enormous resources to looking after them.

    • Instead, we are asking the healthy, most of whom will be no more than inconvenienced by this latest strain of flu, to sacrifice or cripple themselves, their livelihoods, their children’s future, to preserve people whose own future is already precarious and limited. Has anyone checked with the elderly, who tend to have a more sanguine outlook, to see if this eco­nomic su1c1de is what they want?

      As individuals it’s excruciating to assign a value to human life, and happily few of us are obliged to do so; but as a society we make those calculations all the time.

      Our highway speed limit is 110km/h; we could reduce that to 20km/h and watch the fatalities tumble, but the inconvenience would be intolerable.

      We let people swim and surf (at least we used to) and sadly accept some of them will drown, measuring the pleasure of millions against the misfortune of a few.

      We are always managing risk, but suddenly in this panic no risk, to anyone, is acceptable.

      Even news organisations have adopted this position, their HR departments issuing earnest communiques that declare “the health and wellbeing of our employees is our paramount priority”. Sorry, since when?

      As part of my job I have been sent, and sent others, to war zones — yes, with bombs and bullets — to bring our readers the news. That’s what I thought our priority was as journalists.

      Now half my colleagues in the media have emerged as trembling amateur epidemiologists, scouring the online world to find the youngest and healthiest victim to ramp up the te33o3 and prove this disease attacks anyone, not just the old and sick, when that’s manifestly not the case.

      • Venetian Mask

        Fallacious pile of sh!t which is even lower in quality than what you and DoctorX usually post. How can any intelligent person possibly think that people voluntarily going to warzones is similar to a public policy decision to allow a dangerous but still largely unknown virus to rip through the population? How can any intellectually honest person take Australia’s low number of deaths while imposing the lockdown to be representative of what would happen if we let it rip, when we have ample examples around the world of what can happen?

        You must know you’re way off track when you’re posting articles from The Australian, a newspaper so biased that I can hardly stomach a flick through the thing, which basically is there to provide a platform for various interest groups to post their wishlists, or to provide the Liberal Party’s official position on the issues of the day.

      • If the lives of the young are so much more valuable than the old to you, are you counting the numerous young who have not died in car or work related accidents since the shut down. Put a bunch of those lives in your grand life weighing machine. However, the point is (yet again) the unknowns, a new virus the asymmetric risk. That is it. End of story. You have some evidence on your side there is evidence on the other. If you want to roll the dice then do it in your own back yard thanks. I’m just glad you aren’t in charge.

    • would like to copy paste the whole thing for you, but the stupid filter won’t let me

      from the Australian

        • Venetian Mask

          Another property shill, who cares.

          We lost 20 people because we’re actually protecting ourselves from the virus, but somehow this has been turned into an argument against protecting ourselves. F**king braindead people.

          Same arguments that come up from shills any time any regulation succeeds in doing anything. Now that the problem is gone, let’s get rid of whatever solved the problem.

          • I first read about Sweden (which is pursuing “let it rip”) on 31 March.

            By coincidence on that day they had nearly as many total cases as Australia. So I made a note. It was Sweden 4435, Australia 4763.

            Now that was 5 days ago.

            Today it’s Sweden 6443, Australia 5635.

            So they have added twice as many cases as we have in that time.

            Now i didn’t check deaths on 31 March. But I did check them today.

            Sweden 373, Australia 34.

            (Links: Sweden story – https://news.sky.com/story/coronavirus-sweden-determined-it-has-smarter-strategy-for-dealing-with-covid-19-11968101
            Case numbers – https://www.worldometer$.info/coronaviru$/#countries – replace the two $ with s when pasting into browser)

          • This is idiotic

            Firstly, the number of cases is meaningless because there is so much discrepancy between countries in how many (and who) has actually been tested

            Secondly, the two countries are at completely different points of the curve

            The infection rate (cases/population) in Sweden is identical to the UK (which is on a full lockdown), and half that of Germany and France (which are supposedly model countries)

            Completely meaningless

          • bzunicaMEMBER

            @Arrow2 it is interesting to note that only 5 out of those 373 deaths have been in people under 50, but 328 deaths are in those over 70. It seems to back up their strategy just a little. Could have those deaths under 50 been avoided? Who knows?
            https://platz.se/coronavirus/?

    • ErmingtonPlumbingMEMBER

      My Dad stated many times before he died with emphysema that he was “ready to kick a goal”

        • Venetian Mask

          I think it’s unlikely that China gets out of this unscathed. Especially the West urgently needs an external enemy to prevent internal strife, e.g., socialism. China is making itself a top-notch external enemy.

          • US is desperate for a war but they need soft target. China is not soft target. People need to understand that Russia will no stay on the sidelines too.
            Venezuela’s oil is probably going to do for now. Only thing is how is that going to provide food for the millions unemployed in the US – not sure.
            We are faced with different kind of crisis where only WW3 can turn people’s attention from domestic issues. Not sure US elites are prepared for WW3 as that could also mean risk to their own safety.

            But agree that there is a push for war.

          • Venetian Mask

            Too weak of a target isn’t much of an enemy. People would wonder why we don’t just finish them off if they’re not strong, e.g., Iraq. Iran did a decent job of being the enemy but it’s time to sh!t or get off the pot and ultimately we can see there’s little political will in the USA to actually attack Iran. With China we can relive the Cold War which was a great time for US patriotism and defence contractors, and never resulted in a toe-to-toe showdown between the big players. It will also keep the more competent and productive East Asians from eclipsing the West, by forcing them to divert their resources into military buildups and trade wars etc. China has no real/close allies so it’s unlikely we’ll see any major proxy wars with them, which is even better as far as ensuring public compliance through few American deaths.

            We’ve already seen Russia pretty much leave Iran for dead so I don’t think Russia cares that much about its allies who have approachable levels of power to itself… it likes allies like Syria which it can be dominant over… but is more transactional with more powerful states.

            I don’t expect that the US will do much with Venezuela, because there hasn’t been much of a campaign to make Americans hate Venezuela or the Maduro regime. It’s already been shown that it’s not feasible to knock off Maduro with a hands-off coup. If the US is really bold it may try a Granada style invasion… but Venezuela would probably be more like invading Cuba than Granada… I don’t think Trump has the guts to take a significant risk of failure.

        • Agree, but world should first start with global tariffs on the coalition of the willing for killing over 500k civilians in Iraq on based on a lie that is already proven. Then we can try to prove if virus wasn’t planted in China by foreign power. Not saying it was but show me the evidence.
          I guess that is not going to suit many here.. only justice when we have to collect I guess.

        • Most likely scenario I see is fast tracking of the end of globalisation. This is why there is part of me thinking this virus could have been planted as it plays perfectly into some people’s agenda – again I am not saying it is.
          So, China will not be global manufacturing hub for long. Protectionism will be back and for the right reasons. Only problem for us is we gutted all our manufacturing and there is nothing to protect. We will go through some hard time I think.

    • Perhaps the Class Action can also add The Donald and, Pop and Junior Murdoch as joint enablers.

    • India complained at UN claiming 0.5Tn bucks us and some “Better call Saul” mob (I think in AZ) sued for 4Tn.

    • DingwallMEMBER

      who was some alleged geezer holding up his staff on the beach………… let us pray

    • Posted the Original inarc link many times here

      Note mortality of ventilated patients is 66% but underestimated as it only includes patients who are either dead or discharged

    • bzunicaMEMBER

      So let’s read into these numbers. 60% of people in UK are < 50. Less than 25% of admissions are < 50 and less than 10% of deaths are < 50. So further proof that this is an ageist disease.

  33. Trout à la Crème

    Yeah let’s give more power over public money to central bankers what could go wrong, I mean it’s worked so well thus far.
    https://klementoninvesting.substack.com/p/sweden-to-abolish-cash
    Cut the rates and QE that will fix the thing.
    ‘Asked about Swedish savers who would face rapidly declining savings held in bonds and bank deposits, the Governor shrugged and said it would be a good time to buy houses or build a home sauna… ‘
    The only problem is inflation*
    *Inflation not defined.

  34. https://www.nakedcapitalism.com/2020/04/the-coronavirus-pandemic-has-opened-the-curtains-on-the-worlds-next-economic-model.html

    By Marshall Auerback and Jan Frel
    “Before we get into the details on the future economy, let’s quickly review how the U.S. saw a massive decline in its industrial capacity. Bad ideas and pernicious orthodoxies grew like barnacles over the decades on what was once the world’s leading manufacturer. First was the idea that offshoring is essential to preserving profitability. Often this assertion has been more apparent than real. As far as profitability goes, many companies have made choices to move manufacturing offshore despite continuing domestic profits on home shores. For example, the five North American plants that General Motors (GM) shut down in 2019 were still profitable, but the company, which had received a government bailout in 2009, chose to refocus on the higher-margin operations in China.

    Of course, capitalism controlled by bankers and speculators gives free rein to companies to make profits on how they see fit. The consequences are that for decades, Detroit’s “Big Three” automakers have consistently underperformed their German and Japanese counterparts because of their decision to embrace a Wall Street-driven culture that has prioritized short-term quarterly earnings, massive dividend payouts and unprecedented spending on stock repurchases over productive investment in innovation. And as GM’s 2019 experience illustrates, the resultant profits did not go to spur domestic reinvestment, which in turn creates domestic employment, but abroad to expand China’s manufacturing base. GM is but one example of the hundreds of major corporate actors that have denuded the country’s industrial ecosystem, creating gaps in the U.S. workforce and shortages of vital skilled labor.”

  35. Out and about today

    I went for a long walk (“exercise”) around Sydney including across the bridge

    through Kirribilli and Milsons point

    Lots of people just sitting around enjoying the sun or having a coffee

    Coffee shops doing decent business. Saw a florist and a clothes shop open

    I think people are already over it

    And now I see the deputy to the chief medical officer using juvenile football analogies in an attempt to control the narrative “we have great teamwork and we’re ahead by a goal at quarter time but we haven’t won the premiership yet” or some other turgid nonsense
    Almost word for word what I predicted would be said

  36. The Traveling Wilbur

    OK chvnts, just bought a pair of skullcandy wireless (not true wireless, I’d lose them) 10hr waterproof (level 7) in ear headphones for 119.

    I should have bought what instead?
    Free shot.

    Edit: yes, really have bought them already. And opened them. (happy so far)

      • I’m going with: you have entered a challenge to bring the Queen of the Mermaids to non-stop orga$m 500 times in a row using only your tongue, and you want to listen to some podcasts as you do it in case you get bored.

      • The Traveling Wilbur

        As much as I would like to take that bait hook line and sinker, I consider myself a gentleman. So I shall have to forego the response burning off the tip of my tounge.

        And say: “Ino’s girlfriend.” instead. 😁

        • Hey where is Ino anyway? Haven’t seen him for a while.

          Hope he didn’t drown.

          • The Traveling Wilbur

            I’ll be using them for work (allllll day) and running. Sometimes it rains when I run. Having speakers in your ears die while you’re using them in the rain isn’t pleasant. Fortunately, those were all 20 dollar crap.

            Still, lesson learned.

    • Good post

      I have some aftershockz air but the stupid tiny on off button has failed

      Warranty claim but will want replacements

      Need for long runs in sub tropics so normal in ears don’t work Eg jaybird x3 wireless are rubbish

      Ideas ?

      • The Traveling Wilbur

        Ah. I had that problem in summer here… Ended up buying earphones with a clip running round the outside, the outside, of my ears with the ear bud hanging down from the peak of the clip. Meant I had the option to leave the buds dangling near my earholes with the volume turned up, a lot, to compensate for not pushing them into my earholes.

        It works.

        This skullcandy purchase was to avoid having to do that (hence rainproof rating). No idea how that will pan out. Will know shortly, after first run.

    • Any antibody screening test for past SARS CoV-2 infection has to be highly sensitive, highly specific, with minimal false positives and minimal false negatives. That is: reliable. Question is: does the federal government have the right people advising them regarding which of the many brands of tests on offer should be the one(s) adopted for population screening. The Australian CMO should be prepared to let us know who these people are; he is certainly not in a position to make decisions about which test kits should be utilised without expert and unbiased advice. And here’s the rub; we don’t yet know whether some people will be persistent carriers of the virus despite having a positive antibody test, and we don’t yet know whether persons with a positive test for SARS CoV-2 antibodies will be protected from a subsequent re-infection with the virus.

  37. haroldusMEMBER

    Harry’s putting a new pickup into his yamaha, that’s the one with no tone control.

    Im just copying what the guitar tech did.

    Hot red wire into most clockwise lug, middle lug to switch, anticlockwire lug to ground, green and green wire to ground, black and white twisted and soldered. Got about 5.7kohm out of it, bit less than specs on website

    Question, someone seems to have put a tiny little round cap between hot lug and switch lug. Is this to take into account the lack of a tone pot? Is that the logical place to put it? I can just make out 68 and possibly 1

    Looks a lot like this

    http://kiloohm.info/3-digit-capacitor/681

    Thanks back to the soldering and the swearing!

  38. Venetian Mask

    https://www.theage.com.au/business/markets/lightning-fast-wartime-response-from-policymakers-may-have-saved-us-from-a-global-depression-20200405-p54h8b.html

    Clearly the 1% needs to learn that the global economy is not the balance sheets of the richest and most powerful organisations… came as a surprise to see someone who actually believes that the Federal Reserve can prevent the economic consequences of what is already the biggest economic calamity since 1929. But there has to be someone who believes, right?

    • happy valleyMEMBER

      + 1 Great Depression II (trailer now screening) will be the blockbuster sequel. However, the Fed (in particular), the ECB, the BoJ and to a lesser extent, the Bank of England, are the greatest-ever big black holes/stuffees in to which every piece of junk can be stuffed, albeit with some funny money accounting to boot involved. Chinamen have brought the West to its knees and dear leader Xi must be RALOL every day now seeing the West fall apart at the seams so hugely/so quickly through a simple but insidious virus (KISS to the moon)?

      • China is more fcked than we are.

        It is more brittle. More fragile and over sensitive. More indebted. Its customers are shutting down and even before the virus those customers were starting to reject the China deal. It has ruined its own lands and waters. Its people are quiescent only under extreme control and surveillance. And their leader is exactly the kind of hyper egomaniac that you need to make the kind of massive missteps that can bring down a whole system.

        And they have far, far more cases of coronavirus than they are letting on.

  39. boomengineeringMEMBER

    haroldus,
    Hows that knee going.
    Doesn’t look like you’re coming to my home gym, (you’re welcome anytime), so next time I’m in your area, will drop by for some specific training tips and instruction, visual & mechanics thereof. In the mean time work around the area aiming for full movements a little at a time. try to skirt around the painful sections. Do not use steroids or painkillers as this will give a false sense of security exacerbating the damage. Gradually over months or weeks increase intensity depending on severity of injury.
    btw cycling isn’t called an old mans sport for nothing. Many runners ( pavement pounders ) resigned to the fact that its no longer an option due to knee etc problems resort to the non impact (cars excluded) sport as it gives a good cardio workout with a little strength thrown in. But weights is the king of strength building. Never ever use jerky movements, cheating principles or fast actions at this stage, they have their place reserved for unusual circumstances.
    Could go on forever.

    • haroldusMEMBER

      Ta mate.

      Toying with the idea of pilates.

      Anyway going for a walk shortly will report back what I see.

    • Ban the sun!

      The world harms!

      To be born is harmful!

      Self-isolate forever!

      And whatever you do, don’t reproduce!

      • reusachtigeMEMBER

        There’s a lot of fearful gutless wonder commies on here that want all that and more done! (Although it’s not because of choice they don’t get to practise reproduction activities). Ban life is their motto!!

    • 90% died from dehydration because they didn’t have anyone to give them a glass of water. Government didn’t do anything to stop these easily preventable and predictable deaths. It happens almost evey year

  40. BoomToBustMEMBER

    When will MB start writing articles asking or anlysing what civil liberties have been taken and asking what will be returned and what they intended to keep and the timeline the propose.

  41. Goldstandard1MEMBER

    It must have hurt REIV reporting 31% clearance rate last night.
    Ouch- it’ll get worse. Means 30% still cleared which means some people still paid too much.

    • The Traveling Wilbur

      Just means the other 70% of buying opportunities for continued wealth and prosperity will go to a more discerning clientele.

      Those willing to have a go. Haaard.

  42. https://twitter.com/boes_/status/1194254878647959553

    “Is there any economic limit to the size of the debt in relation to national income? There isn’t, is there? … That’s right, isn’t it? The deficit can be any size, the debt can be any size, provided they don’t cause inflation. Everything else is just talk”—JFK to James Tobin

  43. Rorke's DriftMEMBER

    Pleased to report of Victory from an early skirmish in the revolution!

    I thought it counter-intuitive when lifeguards chased the surfboard riders out of the ocean, immersed as they were in sun and seawater and well spaced apart, and an over-reaction when they closed Maroubra beach in Sydney completely. But I was livid when they placed a black tarpaulin around a piece of artwork (a large cube) positiond in the middle of the sand and painted big yellow letters on it “Obey the Rules”. The image it created was something out of Orwells 1984 or what you’d expect in north korea,. A beatiful sunny day with an empty closed beach and just this stark sign telling people to obey.

    I emailed the Mayor of Randwick telling him that beaches are iconic representations of the freedoms we have in this country and that his Council as custodians of some of our famous Sydney beaches should take down their totalitarian graffitti and have a bit more respect for Australian culture and values (amongst a few other points)

    I was really pleased this weekend to see the offending signage had been removed. Good on them for recognising the overreach.

    I can put away my pitchfork… for now!

    • How do you know they removed it? Could it have just been removed by someone with the same thinking as you? I’d hate for you to be all upset if it reappears on Monday lol

      • Rorke's DriftMEMBER

        Yeah, sure. The tarp could have been removed for cleaning off bird droppings or some touch up paint. But I feel better anyway in protesting rather than meekly obeying the rules. Albiet a safe and modest protest but I need a bit of a run up before more serious confrontations.

      • Rorke's DriftMEMBER

        You must be new in this country. People change in their cars, not many use changerooms at the beach.

  44. CORONAVIRUS DAILY INFECTIONS: ARE NEW ZEALANDERS BEING ADEQUATELY INFORMED OF AUSTRALIAN INFECTION TRENDS AT FEDERAL AND STATES LEVEL … AND WHY ?

    NEW ZEALAND ( population clock 4,975,676 ) …

    … 89 new cases today …

    Live: Coronavirus cases tick past 1000, PM says no plans for ‘level 5’ … Stuff NZ

    https://www.stuff.co.nz/national/health/coronavirus/120826355/live-ministry-of-health-jacinda-ardern-give-april-5-coronavirus-update
    .
    .
    … AND AUSTRALIA … ( population clock 25,,649,017 … 5.15 times New Zealand’s population ) …

    … and 139 reported for Australia today …

    Health officials ‘hopeful’ Australia is flattening coronavirus curve but warn against complacency … The Guardian

    https://www.theguardian.com/world/2020/apr/05/health-officials-hopeful-australia-is-flattening-coronavirus-curve-but-warn-against-complacency

    … extracts …

    … Australia’s chief medical officer Professor Brendan Murphy said the number of cases in Australia rose by 139 on Sunday, to a total of 5,687 cases. About 2,000 of those cases are of people who have completely recovered. …

    … New South Wales reported 87 new cases on Sunday, bringing the total number of cases in that state to 2,580. Some 39 people with Covid-19 are in intensive care in that state, 23 of whom require ventilators. …

    … Victoria recorded 20 new cases of Covid-19 overnight, bringing the total to 1,135 of which 75 were acquired through untraced community transmission. …

    … Queensland recorded just nine new cases overnight – its smallest one day rise in weeks. … read more via hyperlink above …

      • Albert Park is very pricey. I think the result might be a mistake. If it’s for real, then it’s an extraordinary result.

      • Actually number 1 Boyd st doesnt have parking, which makes the price for no3 even more remarkable

      • They might have owned it forever? Deceased estate? I rented for a few months in the 80’s in Page Street, Albert Park, and was appalled that the owner of the place wanted $70k for it ( one big block through to Little Page Street – now subdivided into 2). So you never know….

  45. (AFR) “Sellers are ‘getting out while they can”
    It’s still not too late, but it soon will be…..Once any equity has evaporated, the bank won’t let you sell unless you ‘make good’ on their bit first.

    • The Traveling Wilbur

      Three out of the four deaths in Qld, 1 Today, were people who “had just returned from an international cruise”. Courtesy of Channel 7.

      Effectively you just typed what I just said to the Mrs about the couldn’t wait part. Ergo: this ain’t close to over.

      Edited: 1 today. 5 now (total).

      • DominicMEMBER

        It beggars belief that these muppets went. My in-laws were booked in early Feb and canned it at the last minute knowing they were going to lose their money. They’re pretty thankful now. The rest of these pr1cks who decided to take the risk … whining like p#ssies now.

      • They were a net oil exporter (just) before the bust. But this would typically include importing some sorts of oil and exporting others.

        However the current low prices will drive a lot of US shale production out of business if they have to compete with global producers and thus to protect them from imports Trump could put on a tariff to drive up the price of imported oil, yes.

        • Thanks.

          So the US consumer pays for the inefficiencies of the local oil and gas producers? I’m sure that makes sense somehow.

          • Exactly.

            Although some would argue that the geopolitical benefits of not being reliant on foreign oil are worth the US paying a price for.

          • DominicMEMBER

            Sure do. The majority suffer to ‘save’ a tiny minority — that’s a metaphor for our ‘socially just’ world these days.

            No child left behind — everyone reduced to the lowest rung.

        • Just the same way that the Donald (partly) compensated USA grain growers for their loss of the China market – US$10-15 billion!

          What is trivial $1 billion subsidy if you can buy some votes with it, even better if the grateful recipient pays 5-10 % of it to your reelection campaign 🙂

        • TailorTrashMEMBER

          Poor dear is still a tad shell shocked by her up close and personal encounter with diversity ….and vibrancy ….

          ….I say ..how frightfully awful …does one really have to ?

          Fraid so Ma’am …..its the thing now you see …new inclusive Britain and all that ….

          • Hang on, I’m pretty sure her family are german and her squeeze is greek, Like many migrant families they anglicised their real family name to fit in better with the locals. I think there are some equine bloodlines in there somewhere too. She’s as much a ridegy didge pom as many of the communities some of you are chucking muck at.

  46. Excessive level of private sector debt is not sustainable, as demonstrated during the GFC.

    Michał Kalecki: does capitalists’ consumption and investment determine profits or profits instead determine capitalists’ consumption and investment? Kalecki says, “The answer to this question depends on which of these items is directly subject to the decisions of capitalists. Now, it is clear that capitalists may decide to consume and to invest more in a given period than in the preceding one, but they cannot decide to earn more. It is, therefore, their investment and consumption decisions which determine profits, and not vice versa”

    Out of stock-flow one sector is not like the other … but.

    With that its time to turn in and be bright eyed for work tomorrow.

    • $$$ MR INFINITY $$$ QUANTITATIVE EASE ME

      Are you ear worm let me think freely skip just because you fuked childhood don’t blame me

      • Not my issue that you were born after education was crapified to support Corporatism.

        How about those 600+ Übermenschen in the U.S. bailing on the population in the face of a virus … some leadership class or something to emulate … eh …

  47. Ronin8317MEMBER

    Today’s new cases is 136, bringing the total to 5688, an increase of 2.45%. The curve has been flattened. Another week of good results and you’ll see a partial opening of all states except for NSW after Easter. We can compared it Sweden who have adopted the ‘herd immunity’ strategy around the same time Australia decided to shut down : they are now also shutting down. Maybe herd immunity does work? However we will never know because no modern government can withstand the pressure to ‘do something to stop people dying’.

    USA just added 32.5k new cases a day. The good news is that New York and Carlifornia has started to see the number of new cases flattening out, The bad news is that it’ll still increasing at 10% a day, and other states like Michigan is suffering from an explosion in cases. To quote from Trump : expect a lot of death.

    The Indian numbers looks scary, however it’s mostly due to one single event.

    https://www.indiatoday.in/india/story/400-positive-cases-linked-to-tablighi-jamaat-event-about-9-000-people-quarantined-govt-1662576-2020-04-02

    No shortage of people (even in Australia) who believe you can’t be infected in a place of worship, only to be proven otherwise..

    Despite the low auction clearance rate, some people are still paying crazy prices for real estate though, like 1.17 mil for a 2 bedroom apartment in Zetland.

    https://www.realestate.com.au/property/unit-35-3-victoria-park-pde-zetland-nsw-2017

    It’s hard to kill a religion.

    • It really is time for the media to start naming and shaming these chunts. It would be a public service to highlight slimy operators that legitimate tenants and landlords should avoid, like some kind of blacklist (what a quaint idea) and if some vigilante action was taken, ah well, hazard of being a deplorable chunt.