RE: Kaz11 Mar 2020 10:18
were still all driving our cars about tho, turning our heating on, sending boats full of bog roll over from china etc etc. Some donuts are still even booking cruises on floating petri dishes!
low oil prices maybe about for a while given the sudden reduction in travel, Chinese economic output reducing oil demand, and the dopey russian/saudi spat. The product however is still being used despite grotty greta, just less of it currently.
What people are forgetting in their hysteria is that the entire worlds pharmas and scientists are working 100% on a cure for this virus. When it is found, and with that level of effort it will be, even if it takes a while, the world will get back to its usual habits shortly afterwards. One businesses shares will be rocketing for certain.
There are some sectors that will struggle more, non essentials like holiday companies, airlines et al, but world neccasaries like energy utilities will come back. Smaller companies may struggle and lose out to scale where shocks can more easily be managed.
What makes me chuckle is the panic measure in lowering the interest rate. Savers will be further ****ed off, and by and large most people making a saving on their mortgage (not many nor much) will just spend it on a pizza or some tat like an upgraded phone just as usual.
My car will still need diesel though, a full tank tomorrow as i chug up the m5 getting on with my chores.