Potential POSITIVE effects of corona virus

[King1212]

Richbwill bring their money here...buying houses...shares....etc

[winner69]

Wonder what the %ages are for NZ

@hedgeye
"No question Millennials are entering this economic crisis with less wealth than earlier generations had at the same age. In 1990, when Boomers were early/mid-30s, they owned 21% of US wealth. In Q4 of 2019, Millennials owned 2.7%."

via @HoweGeneration

[mp52]

Richbwill bring their money here...buying houses...shares..

I’m only interested in them coming here if they bring net productivity gains and QUALITY employment opportunities. We’re not Costa Rica yet - let’s keep it that way.

[King1212]

They have to buys our bonds first to be eligible to get resident...then left over money to house then shares

[King1212]

Only 9 cases..all community testing is negative...so alert 3 here we come! At least for a week then alert 2 after Anzac

[nztx]

Can not do a tax break...the crown needs revenue. It is easier to borrow n pay low interest n do a hand out so economy can recover faster.

But.... problem with hand out ... people is always crying poor....greed..

Well Robertson has to do something otherwise risk losing a substantial part of the tax base with
the damage likely to escalate further, with reduced trade for those businesses left still standing
but wondering what fraction of trade will be left for them on the other side

We all know where that will go, before any sign of improvement becomes visible

It's all very well loading all the displaced & newly unemployed into reskilling & retraining programs
& into Govt Sector - but who is paying for that ?

The Taxbase left standing will only take so much of hiking up tax collect & any other Labor BS
thrown at them by a Govt trying to fill a gaping hole spread over a substantially reduced bunch
of victims, before they start throwing their hands up & potentially tossing more on to the heap
for Govt Life Support & retraining / reallocation.

Tell me that the analysis is being too harsh by all means, but this present Govt had a good number
of further options when they saw what was happening in earlier C-19 days and did very little
effectively at that point, so have aided and abetted a deepening of the Economic Crisis
on the country.

The Mission should have been to stem the source of the problem, contain & quarantine it while it was
at very minimal levels capable of control and most importantly at all costs "DO NOT BITE the HAND THAT
FEEDS" and "DO NOT NEEDLESSLY DAMAGE THE ECONOMY"


There are a considerable number of glaring fails in Govt's handling of the whole thing at an early enough point

The Labor Govt have dug their own deep ditch through their failure to act effectively & soon enough and when grim reality
of their failings sinks in, they will likely wear the consequences of this for a long time

[digger]

Almost no chance that happens IMO, but I stand to be corrected. I do think there is a chance they go to Alert 3 from Wednesday, but zero chance of 2 the week after.

My pick, for what its worth (and is different to what I would like to see), is that Ardern announces we will go to alert level three from 11:59pm Monday 27th.

spot on RnT

[Valuegrowth]

Sweden could have 'herd immunity' by next month.Restaurants, cinemas, gyms, pubs, and shops remain open.

https://www.dailymail.co.uk/news/article-8233783/Sweden-herd-immunity-month-claims-infectious-diseases-chief.html

[fungus pudding]

Sweden could have 'herd immunity' by next month.Restaurants, cinemas, gyms, pubs, and shops remain open.

https://www.dailymail.co.uk/news/article-8233783/Sweden-herd-immunity-month-claims-infectious-diseases-chief.html

NZ has 2 deaths per million while Sweden has 133 per million. It will be decades before the comparison can be evaluated.

[BlackPeter]

Sweden could have 'herd immunity' by next month.Restaurants, cinemas, gyms, pubs, and shops remain open.

https://www.dailymail.co.uk/news/article-8233783/Sweden-herd-immunity-month-claims-infectious-diseases-chief.html

Quite nonsensical statement. I think it shows that their politicians are quite out of their depth and now fighting for their political life, given that the death rates in Sweden are much higher than in the neighbouring Scandinavian countries which did lock down.

But still - only roughly 1 % of Swedes so far gained immunity. For herd immunity they need more than 60%.

Given that to date it was 1,580 deaths in Sweden (to reach 1% immunity) they can look forward to kill another roughly 93,000 Swedes to get there.

But it looks like they do their best: Swedens death rates as well as new infections are rising without any peak in sight, but it will take longer than next month to get to the desired herd immunity.