a reply to: openminded2011
Dear ATS Readers, Writers,
Hello open minded; and I am betting a lot of people have had these same questions run through their minds.
I know I have had them; but am focusing on getting through the mess most of all at this point.
I am in a job that is vital to the society... and am having semi isolation whilst at work... minimum contact with other workers on worksite.
There is some places in the USA that are having people in my field of work to stay 24/7 at work sites. Companies are bringing in bedding, food, camp
trailers, or rental buildings, etc..
Of course, these options are on the table for me in OZ, but have not been implemented yet. They are contingency moves, if needed, at this point.
Since my work location is 4 hours drive away from home... my wife isn't real keen on me maybe being in lock down at work.. and her being on her own at
the house, with the dogs, etc.
Sadly, I do believe it will be several months, AT LEAST, before it starts to settle down for Oz... and am praying it doesn't become too paralysing to
our society here...
Once the disease decides to disappear, there is the recovery period to look at.
It is gonna be bad mate. A bunch of stores, or businesses won't be reopening... they will have gone bust...
There will be a bunch of folks unemployed and waiting, hoping for a economic recovery to rebuild their lives.
The stock markets will be skeletons of pre-virus levels, and will be a bit slow to recover too. Folks won't have a lot of money to put into stocks if
their savings and accounts are depleted due to long social shut downs to stop the bloody virus from making too many people sick all at once.
One can certainly argue that this virus mess has laid bare the risky exposure to countries with a globalist, or "single" chain of supply, or "just in
time" shipping.... that all works fine as long as there isn't a plague happening, or a war, etc.
It is pretty obvious that vital supplies, mainly medical drugs, etc.. are best made in your own country, and to not rely on mainly China to supply
your nation with vital medicines.
This same thought pattern, or risky exposure is in many areas of the economy, and society.
My super annuation plan, (like 401K in USA), has been hammered hard with losses... and I had a very stable fund. So my losses are a lot less than
those who had higher risk funds, that up to recently yielded a much better interest rate in growth.
It has gutted everybody world wide... financially.. it really sucks. Like a shooting war in damage, just minus the bombs and fires, bullets, blood and
guts, etc. But just as damaging, maybe even more.
I do believe we have gone into a new era... the old world we knew, may not ever return. I hope it does; but also I doubt it.
It could easily be a real long term depression, and take a decade or more to recover... we just don't know at this point.
As far as jobs are concerned, it might see a re-birth of the old work programs that were used during FDR's times? CCC, TVA, rebuilding national
Some industries will be basically wiped out. Cruise ships is one I think that might spend decades to recover. Airlines will be gutted too. Everyone
going on holidays, and flying there, will be severely curtailed. Folks will be too broke to enjoy such luxuries.
I know that if I get to the point where I am ready for a holiday, and have the money to do so; I will have that holiday in Australia. That way, my
money helps my fellow citizens recover from this dang virus mess.
As I write this reply to you, I see where California has ordered the big lock down thing.. not unexpected... but still very disrupting for the
economy, and all things in domino, pond ripples succession.
I hope the manufacturing revival you mentioned manifests itself. It is just common sense in my opinion; lessons learned from the virus disruption for
The question remains, do we have the facilities to do so? Or did all our factories get sent to China/Asia too?
The challenges everyone faces world wide will not be easy to get through.
Historically, big disruptions to society like this has sparked shooting wars, etc... I pray we can avoid that repeat of history.