I was only thinking today that this is going to be like the GFC all over again and could take as long to recover.

Some people have this idea that once this all calms down society will have money to burn. Pretty much everyone will be spending on their foxed expenses and won't have anything for treats such as travel or eating out. Not to mention the blow in confidence and fear this may flare up again. Some individual places will experience and massive boost but any hospitality place slightly off their game won't get any business at all. Consumers will become even more discerning after this.

What influence might this have on interest rates and the housing market?

For houses a shitload.  If there's a massive recession then no one will be buying anything for a long time and prices will drop accordingly.

As for interest rates they're practically bottomed out so there is only marginal movement left for the Reserve to cut anything at all.


How smug must Rudd be sitting on the sidelines watching all this go down.

Where's Rusty and Enzo?   

Wonder how Sportsbet and co go without anything for punters to waste money on.

-PB

Don't worry, every other non tax paying mulitnational is crying poor & lining up for money.  I'm sure they'll wait in line.  

Privatise profits, socialise losses.

Gambling usually increases in a recession. But with no sport, we might end up betting on stuff like the weather.

Like Enron back in the day??

eSports ole

-PB

Lol Alan Joyce whinging about potential nationalising of airlines, get fucked you scab.

You want a bailout you can get owned in the national interest.

-PB

Nothing beats the NRL though for crying poor.

Is there any concrete information as to potential stimulus for casual workers or sole traders? This stuff can take a bit of time to set up. The $750 for those already receiving government payments is easy as they've got everyone's details.

I can understand why those who have always worked are quite frustrated at the current apparent lack of help. 

Sunday is when they're putting out part 2 of the stimulus package.

Right. Takes a bit of time. Germany's vagueness is doing my head in. They kept boasting about this surplus. Time to inject it into the everyday person. 

Penultimate episode of Better Call Saul season 5 just aired.  Got a 9.9 on imdb and rightly so.  

Unbelievably good show with the stand alone story threads and arcs and how they're slowly filling in all the gaps in the BB series.

Masterful writing.

Nice to know that Saul Goodman is an Australian News event :)

Has anyone watched it that hasn't seen Breaking Bad? I imagine it stands up on its own pretty well?

For one reason or another I never watched BB but also keep getting told to watch BCS.
I don't feel like getting into 10+ seasons of tv aha

Oh yeah.  Was meant to be in the TV thread.  Must've clicked the wrong one.  I'll fix it up when I get home.

My heart was absolutely racing nearing the end of this episode. One of the most tense tv scenes I've seen. 

imo better call Saul is better than BB. 

I prefer Breaking Bad. I found the Jimmy and Chuck relationship awkward.

Tell me again 

I thought that was the point, that they don't get on/have much in common but both appear to try as they are brothers.

Each to their own. Personally while I like Breaking Bad a lot Its not even close to The Sopranos or The Wire for me. 

I should say an awkward plot point or not as engaging. But yes, each to their own both are great shows.

China being cunce again.

https://www.smh.com.au/world/asia/student-activist-warns-of-chilling-effect-after-china-s-patriotic-media-singles-him-out-20200425-p54n66.html

''I’m 20 years old and a nuclear-armed superpower has officially condemned me,'' said Pavlou, a UQ student, after Global Times, a daily newspaper closely linked to the Communist Party of China, published the article calling him an ''anti-China rioter''.

https://www.smh.com.au/politics/federal/uq-takes-disciplinary-action-against-student-activist-critical-of-beijing-20200416-p54kba.html

Drew Pavlou, an outspoken activist on human rights issues and critic of UQ's strong ties to Beijing, faces a disciplinary hearing later this month and possible expulsion following complaints about his protest activities and comments on social media.

China is asshoe!

There’s a protest in Melbourne on Saturday not show it’s allowed to ahead 

Does protesting cure Corona Virus ?   

Find out in the USA in two weeks 

Protest for BLM in Sydney at Town Hall on Saturday 3pm for anyone interested.