A review of things you need to know before you go home on Monday; more TD rate cuts, more AMP warnings, lower used import car sales, RBNZ to buy council bonds, swaps and NZD stable, & more

It's going to get messy then. Lots of Kiwis wanting to bug out back here. Could be a good thing.

Relief rally. An opportunity to sell and can buy in future at low.

I think you got a point but where do you think inflation will go from here? It might make your holiday bit short. House prices did not seem to make inflation go up, so when prices go down they still can use that to have inflation going down I guess. More transferring.

Dust off the old advert 'Don't leave home till you e seen the country'

In some cases, yes....but in many cases, no. Some will simply hold off until the border opens and traipse off to wherever it is they really want to visit. Dunedin might be an ok replacement for someone who wants to go to Dundee, but if your heart is set on Tokyo or Bangkok or New York or Rome or any other major metropolis, there just isn't a local alternative.

South Africa who has seen its economy shredded, its rating sub investment, its currency mercilessly clubbed is hoping that inward tourism may also help repair the damage.

I never took holidays in NZ because, unless you had a Bach, it was always too expensive and cheaper to go overseas. Unless the price of motels, Airbnb's etc comes down significantly I'm not sure there will be an huge increase in domestic tourism, aside from DOC campsites or other reasonably priced private equivalents. Times will be tough for a lot of people following this outbreak.

Whoops, is that not an essential service. Sorry it won't happen again.

Hell that's a seriously bad train of thought that Labour, NZF and the Greens can manage the economy. Good by Jacinda.
Jacinda won't be able to wrap her head arround the sink or swim, more handouts and higher taxes.
Hello CGT, good by Labour.

I suspect he'd have a conflict of interest in terms of his ANZ Board appointments.

Yep, the UK property trusts are taking similar hits as most are reporting only 30/35% of rent is coming in.

Not seen any such updates from the NZ equivalents. Surprised to be honest Argosy is holding up given their focus on retail.

Depends who runs the Boarding House that year.

I'm half Japanese and lived in CHCH for 6 years, never met any racists let alone skinheads. Where do they hide? :)

I was wondering that as well...but more dumbarse?

Although the death rate on this new virus is high, what if this had the death rate of SARS? If COVID 19 didn't occur, we may get a virus with a similar death rate to SARS, and . This type of disease is solely transported to countries by people travelling. eg planes. So the thing this may do in the future is quick country lockdowns to prevent it spreading out of a particaulr country. Otherwise next time we may not be so lucky.
Also many people have pre existing conditions of some type. In NZ many people have asthma. Many wouldn't die if they also didn't get the virus.

Worth reading.

Yep was worth a read, until I got to the bit where he described the health system as a “sickness industry”. Didn’t really think it was all that worthwhile after that. Maybe that’s just me though.

Seems familiar. We were too busy preparing for an memorial and extracting the last dollar out of tourism. "Why did it come to this? Simply because we failed to set up the proper responses from the outset. The lack of tests and screening measures in particular is emblematic of this shipwreck: while Korea, Hong Kong, Taiwan, Singapore and China made these their top priority, we were unbelievably passive in organizing such technically simple action."

And this is why I believe the pandemic has deliberately put to use by govts of the world to manufacture panic and an economic crash. The virus itself is not that bad - way less than the flu. This French doctor makes that point repeatedly. He says the problem is of organization and distribution which Asian countries got under control fast. The use of chloroquine is likely to be a game-changer and basically everyone needs to chill the f%^& out. The problem he points out is the middle state we find ourselves in - between most people unaffected by the virus, then a small minority seriously affected and the subsequent impact on the health system. He refers to antiquated medical practices of confinement and calls the response [by govts] "hallucinatory" in its completely over-the-top nature. It is over the top, socialists like JA are having a field day. It's going to ruin so many people's lives so unnecessarily. They have to relax and stop this goddamn lockdown for everyone's sake now.

"... we must be patient and careful. Once this collective hallucination is over, it will be time to operate a very strict “post-mortem” examination of health-related decisions, and to try to understand what it took to generate such an incredibly wasteful societal mess."

Hey, still looking for a flu vacc.
You got yours?

I seem to recall that being an ingredient in tonic water hence the drink of the day being a gin and tonic in the tropics.

Great read :-).

Do you not see how stupid that statement is....

dp

Dp

quite right, its going to result in an absolute shitstorm and right now it is still a slight breeze

But a poor comparison. Each country is different. Different political structures (look at Australia, Commonwealth & States).
This type of analysis is best done when it's all over for all countries.
It's not over!

If you must, then use Taiwan.

This analysis fails. Fails in context.
Context being the pressure Australia applied to prompt actions.
Context being the otherwise resignations threatened & such in order to prompt actions.
Context being the effectiveness of actions, effectiveness of key people.

Here is a thought experiment. How much more effective would Trump be, if he were our PM.
How effective would JA be if she was president of America.

The next week or so will shed light on degree of local community transmission, the Christchurch rest home has rattled people.