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  1. #661
    Join Date
    Feb 2016
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    Canberra
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    Quote Originally Posted by Glider View Post
    Just back on topic for a brief moment. If anyone's thinking about spending serious money on tools or other items, better do it now at existing list prices. Be prepared for a 20% hit from our tanking exchange rate.
    There are some seriously deep disruptions barrelling down the pipe with bonds, repos, currency and commodity contangos... and various fiscal stimuli.... Jesus H Christ, the positions in/on derivatives are simply beyond belief (!!!!!!). Leverage, OMG, the numbers are insane. I, personally, think that we are about to see some seriously huge and incredibly violent movements in currency valuations.... the USA is about to print to oblivion.... the old AUD dollerydoo might yet spike directly upward like a meteorite.

    The markets are nuts. The trades are nuts. Everything is a COMPLETE shitshow.

    BUT, you are right, we need tools I'm thinking of buying a plane with any free loot


    Quote Originally Posted by Glider View Post
    I'm now in the shed for the duration with the nearest neighbour 800 metres away.
    You lucky bastard

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  3. #662
    Join Date
    Feb 2016
    Location
    Canberra
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    5,125

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    Quote Originally Posted by FenceFurniture View Post
    And if the numbers go where it seems likely, where would the bodies be stored?
    I doubt there will be any funerals of victims. They'll all be cremated ASAP.

  4. #663
    Join Date
    Jan 2014
    Location
    Sydney Upper North Shore
    Posts
    4,470

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    I’m pretty sure the ice rink morgue is in Spain.

    Email this morning from “the boss” to say TAFE is pausing classes for two weeks so we can set up to go mostly online.
    Happens from next Monday. Online will start up after the Easter Holidays so we have two weeks to get it up and running.

  5. #664
    Join Date
    Jan 2014
    Location
    Sydney Upper North Shore
    Posts
    4,470

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    I’m pretty sure the ice rink morgue is in Spain.

    Email this morning from “the boss” to say TAFE is pausing classes for two weeks so we can set up to go mostly online.
    Happens from next Monday. Online will start up after the Easter Holidays so we have two weeks to get it up and running.

  6. #665
    Join Date
    Mar 2009
    Location
    Brisbane
    Age
    73
    Posts
    488

  7. #666
    Join Date
    Mar 2015
    Location
    Melbourne, Vic, Australia
    Posts
    1,255

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    Quote Originally Posted by woodPixel View Post
    A Debt Jubilee will need to be called.

    3 months, perhaps 6.
    Let's hope not. That would be devastating.

  8. #667
    Join Date
    Feb 2006
    Location
    Perth
    Posts
    27,792

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    A bit of light relief. OK its not for everyone


    Can't help thinking that even this would have more impact than any add the Govt has put out so far..

  9. #668
    Join Date
    Jun 2009
    Location
    Elizabeth Bay / Oberon NSW
    Age
    76
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    934

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    It occurred to me after a yarn yesterday with a neighbouring farmer than social distancing is normal practice for people on the land. We were at least 2.5 metres apart as usual. It's different in town much less Sydney.

    mick

    - - - Updated - -

  10. #669
    Join Date
    Apr 2006
    Location
    Hobart
    Posts
    5,125

    Default Good News from Italy ?

    Finally, the massive efforts of Italy may be starting to pay off. The number of new cases of COVID-19 has been trending down for the last three days, as highlighted by the red arrow.

    Another two days of similar trending and it will be statistically significant.



    This is not to say that there will not be a lot more pain. Italy still has over 57,000 active cases of which 3,500 are serious or critical. There will be more deaths, but they are probably on the up-slope.

    [Usual qualifier as I do not know reliability of source.]

  11. #670
    Join Date
    Feb 2006
    Location
    Perth
    Posts
    27,792

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    My lads latest 3D printed face shield head band and easily removable/replaceable clear plastic file divider spatter shield.
    3Dshield.jpg

  12. #671
    Join Date
    Mar 2018
    Location
    Sydney
    Posts
    469

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    I know this should be in a joke post but here is is anyway.

    Maybe this would work in Bondi...

    Sent from my SM-G973F using Tapatalk

  13. #672
    Join Date
    Feb 2006
    Location
    Perth
    Posts
    27,792

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    Quote Originally Posted by taz01 View Post
    I know this should be in a joke post but here is is anyway.

    Maybe this would work in Bondi...
    In the US it would just be an excuse for all the gun nutters to kick off?

  14. #673
    Join Date
    Mar 2015
    Location
    Melbourne, Vic, Australia
    Posts
    1,255

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    Putting aside the direct health risks of this virus, the thing that both worries me the most and angers me the most, is that the economic impact and the inequitable outcomes that it will drive are not due to the virus at all but the last 40 years of irresponsible monetary, fiscal and overall government policies.

    The fragility of our entire system, brought about by the extreme leverage taken by corporations, smaller businesses and individuals (insane mortgage) debt) that was facilitated through centrally manipulated suppression of interest rates and loose government policies as well as prior bail-outs, is why we will now see such devastation and annihilation of the world as we know it.

    We haven't even started proper lock-downs and people, individuals and businesses, are screaming for the government to help them, as if the government can magically create real wealth. I've always planned for at least a couple of months without work and never extended myself financially beyond the ability to support myself and family - to my detriment in terms of investment returns / asset bubble gains. I'm not sure if people understand that the people support the government not the other way around. The government can only provide something to someone if they take it from someone else. This will lead to grossly unfair outcomes, with some responsible people (and future generations of taxpayers) footing the bill to cover many people and businesses that lived large and consumed beyond their means while times were good, rather than saving for, and investing in, the future. Shame on those people who are now sticking their hands out. Of course we must help them, I would never walk by and let a neighbor starve, but it doesn't make it fair or equitable.

    Not only that, but I fear that the entire system is going to break-down given how much money the USA and even our central bank is creating and how badly they are distorting the financial markets. I fear that the fall-out from this catastrophe will be worse than any direct effects of the actual virus itself.

    Anyway, let's see. In any event as a best case I predict massive inflation in basic goods, a huge wealth transfer from the middle-class and any savers as well as future generation(s) and far more socialist policies and central control by governments going forward.

    We should be supporting each other and behaving responsibly with regard to saving, consumption and investment, but instead we go the other way and think that the government will be our parents and look after us.

    Cheers comrades,

    Dom

  15. #674
    Join Date
    Apr 2007
    Location
    Adelaide Hills, South Australia
    Posts
    4,334

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    Quote Originally Posted by taz01 View Post

    I know this should be in a joke post but here is is anyway.
    A little well placed humour never goes amiss.


    image001.png
    Stay sharp and stay safe!

    Neil



  16. #675
    Join Date
    Feb 2006
    Location
    Perth
    Posts
    27,792

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    Had to take one of the dogs (Willow) to vet about her eye. Not permitted to wait in Vet waiting rooms, have to wait outside or in car with AC running as it was 34ºC in the shade and call the Vet when we arrive. When they are ready we had to bring Willow to door and they took her in. Then when ready to release the vet calls us to go back to the door to pick up. All very sensible really.


    Turns out Willow has something stuck in her eye and will have to have a general anaesthetic to have it removed. More bloody $$$$.

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