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Unholytugboat wrote: The corona virus will be a blip on the radar compared to the day Bernie Sanders receives the nod as the Democrat nominee, that day will be carnage globally for stock markets..

who would have thought the democrats could cock this up so much, it really is unbelievable.

100% spot on, he will get smashed buy Trump anyway. Just like Corbyn did.

DD wrote: Another bloodbath. Dow one day drop biggest in history as the fallout from the corona virus continues to wreak havoc on global markets.

www.news.com.au/finance/markets/world-ma...b363a9d47f4368ffc3f4

Yep, this is going to be bad for Super, was going great and now this Virus has really taken a toll, you just never know whats around corner.

We have lost 3 months on gains so far.

Bazza wrote:

DD wrote: Another bloodbath. Dow one day drop biggest in history as the fallout from the corona virus continues to wreak havoc on global markets.

www.news.com.au/finance/markets/world-ma...b363a9d47f4368ffc3f4

Yep, this is going to be bad for Super, was going great and now this Virus has really taken a toll, you just never know whats around corner.

We have lost 3 months on gains so far.

Did you hear Gareth Parker’s interview with the president of the AMAWA a little while ago, Dr Andrew Miller? I’ll start by saying he’s sounds like a very measured bloke but he spoke of there potentially being tens of thousands of cases just in WA alone, it’s like standing on a beach waiting for a tsunami.

He spoke of a 50/50 chance of schools being closed as well as mass gatherings such as football matches. He said it’s not a matter of if but when. He said a vaccine for this virus is at least 18 months away. They are preparing for a war he said.

Sure did, and I agree with him, things could get a lot worse,

6 Months gains wiped out, shocking

Bazza wrote: 6 Months gains wiped out, shocking

Certainly glad I bailed out less than a week after my little FMG purchase lost the equivalent to a couple of large pizzas. Lol ,now I’m on a watch and act, think I’ll be watching a long time before I act.

Well KRudd (remember him Kevin07 gone by 11) this morning is imploring Morrison to offset the impact of the coronavirus with stimulus packages.
A few suggestions spring to mind
- lets have every school start infrastructure projects they don't need and wont be able to maintain in years to come
- lets have every house insulated with pink bats
Just a thought

Probably a good idea, swanny - after all, Australia was one of very few OECD countries which got through the GFC virtually unscathed.

BTW - Rudd is not the only one suggesting a stimulus package. Starting right at the top, with the Gov of the Reserve Bank, who has been pushing for months. But Scotty from Marketing is more interesting in preserving his mythical, and totally unrequired (except for political purposes) "surplus".

Gareth Parker’s interview certainly was interesting and VERY sobering!!

jackspratt wrote: Probably a good idea, swanny - after all, Australia was one of very few OECD countries which got through the GFC virtually unscathed.

BTW - Rudd is not the only one suggesting a stimulus package. Starting right at the top, with the Gov of the Reserve Bank, who has been pushing for months. But Scotty from Marketing is more interesting in preserving his mythical, and totally unrequired (except for political purposes) "surplus".

Yes we were...all thanks to John Howard's $90 billion Future Fund that Krudd could dip into at his leisure coupled with the strength of the economy at that time running surpluses compared to other countries.