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Dear Neil, nice to hear that you finaly get some! Nobody can't have so "sunny" day ,if not happen something odd ! Keep on walking ......

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31 minutes ago, BritManToo said:

 

I doubt we've even seen the tip of worldwide unemployment, loan defaults and home/car repossessions yet.

IMO it depends on what governments do by way of social support. They will be jawboning banks and lenders to go easy on people who can't meet their repayments. It's already happening in Australia, there's the irony of a conservative government presiding over the biggest budget deficit and income support package in Australia's history.

You may be right. It depends on individual governments. I'm predicting the swing to socialist governments will be even more pronounced than the swing to the conservatives over the last decade.

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13 hours ago, Lacessit said:

They will be jawboning banks and lenders to go easy on people who can't meet their repayments.

Don't think the banks and other lenders have the liquidity to survive that for long.

Most banks have been living on the brink for the past 20 years.

 

If the banks go down, everyone's pensions/savings/investments are likely to go with them.

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15 hours ago, BritManToo said:

Which countries have done this?

Not Australia or the UK for sure, more lock downs and restrictions announced every week, and not even winter yet.

Not Thailand or any other Asian countries, their borders will be closed until next year at the very least.

 

I doubt we've even seen the tip of worldwide unemployment, loan defaults and home/car repossessions yet.

Yes, the world hasn't even come to the end of this for sure. It'll be June 2021 in my estimation before things get back to semi-normal i.e March 2020. We're only in early fall, and the infections are surging in the Northern Hemisphere countries. After the vaccine is introduced things will quiet down a bit, but the airline industry will not just start rerouting flights back to Bangkok or anywhere else for that matter at a seconds notice. People are going to have to learn how to live with this virus because its going to be with us forever as far as we know.

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I prefer the "Step Back and Be Grateful" posture. I can't control the world or the publication of any "news", post or utterance. I am happier for that.

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