Reserve Bank makes huge bet on small virus outbreak

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SA Hunter
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Reserve Bank makes huge bet on small virus outbreak Feb 5, 2020 18:55:43 GMT 10 blueshoes likes this

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Post by SA Hunter on Feb 5, 2020 18:55:43 GMT 10

The Reserve Bank has revealed it expects the coronavirus outbreak to have no effect on the economy in 2020, despite exponential growth in the number of affected people and a collapse in travel to and from China that is having effects worldwide.

RBA governor Philip Lowe took to the stage in Sydney today to explain his decision not to cut interest rates at the central bank’s board meeting yesterday.

www.news.com.au/finance/economy/australian-economy/reserve-bank-makes-huge-bet-on-small-virus-outbreak/news-story/24882341b49d4a0dfe9dc99c53fe641c

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fei
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Reserve Bank makes huge bet on small virus outbreak Feb 7, 2020 13:05:00 GMT 10 SA Hunter and milspec like this

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Post by fei on Feb 7, 2020 13:05:00 GMT 10

Not sure where to post this info, but it is economy related, so here goes:

The Chinese factories that make the non-woven fabric and various other materials for production of nappies and women's sanitary products have been nicely asked (ie. ordered) to drop their current contracts and provide all materials to the factories producing masks and other PPE.

If you happen to use these items, then may be a good bet to stock up now in case prices go up and / or stocks run out completely.

PS: I can't confirm that stock will run short, but I got this info from an expat here whose in-laws wholesale these products in China and have been warned about shortages in the near future.

frontsight
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Reserve Bank makes huge bet on small virus outbreak Feb 7, 2020 15:52:48 GMT 10 via mobile SA Hunter likes this

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Post by frontsight on Feb 7, 2020 15:52:48 GMT 10

I am not too worried but did change my Super portfolio to low risk and avoided stock investment. Major finical SHTF I can't control but if we survive the GFC like last time, the only difference people will notice is the Super balance will be much lower than the year before

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Reserve Bank makes huge bet on small virus outbreak

Post by SA Hunter on Feb 5, 2020 18:55:43 GMT 10

Post by fei on Feb 7, 2020 13:05:00 GMT 10

Post by frontsight on Feb 7, 2020 15:52:48 GMT 10