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Old 15th March 2020, 19:01     #201
crocos
 
Currently a trip from AU to NZ and back again involves 28 days of self-isolation.

Bugger, there goes the quick weekend trip home I'd had planned for June.
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Old 15th March 2020, 19:17     #202
xor
 
My mother in law was due to fly back to NZ on Monday, we changed her tickets to leave yesterday as we saw the writing on the wall.

RIP to any poor schlep who works in enterprise access/gateways. I imagine most business units have failed to test/roll any BCP and now shit is too late. Checkpoint/RSA etc will sharpen the knives with those wanting extra licenses.

We've made several missions to Costco, loaded up the chest freezer. Stacks of flour, oil, rice, drugs, etc. We have enough to last an easy 2 months if need be. Run gas at home, have plenty of solar power to keep us going

I'm working as a digital nomad so travel is no problem. I'm really surprised that QLD are still sending children to school though.
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Old 15th March 2020, 19:30     #203
crocos
 
Quote:
Originally Posted by xor
...We've made several missions to Costco...
Trying to order online from Coles or Woolworths is not great at the moment.

Woolies won't let me sign up - times out after submitting, but then won't let me use same email.

Coles just keeps timing out, which doesn't surprise me given how clunky their site is.
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Old 16th March 2020, 13:32     #204
Nich
 
Last week was the death of the petrodollar.

This week may be the death of banking as we know it.

Major banks suspend their share buyback programs.
https://www.fsforum.com/types/press/...hare-buybacks/
Quote:
The Financial Services Forum announced that its eight members decided today to temporarily suspend share buybacks for the remaining period of the first quarter and the second quarter of 2020.
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Old 16th March 2020, 15:20     #205
Nich
 
from 2018:
New Laws Will Allow the Use of Military to Break Protests
https://www.sydneycriminallawyers.co...reak-protests/

Quote:
The new legislation also allows the PM and other authorised ministers to send in the troops when state authorities haven’t requested assistance, but Commonwealth interests are at stake. And it provides ADF members with enhanced search capabilities and limited shoot-to-kill powers.
...
Under proposed paragraph 46(7)(d) of the bill, ADF members have “the power to search persons, locations or things for things that may be seized.” While proposed paragraph 46(7)(f) allows them to detain people found during a search.
Defence Amendment (Call Out of the Australian Defence Force) Bill 2018
https://parlinfo.aph.gov.au/parlInfo...lication%2Fpdf
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Old 16th March 2020, 16:43     #206
Nich
 
Also from 2018:
Senate Passes ‘Bail In’ Law – How Safe Is Your Cash Now?
https://www.ainsliebullion.com.au/go...2/default.aspx

Financial Sector Legislation Amendment (Crisis Resolution Powers and Other Measures) Act 2018
https://www.legislation.gov.au/Details/C2018A00010
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Old 16th March 2020, 17:27     #207
Lightspeed
 
Is it just me, or did Trump look a bit unwell today?
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Old 16th March 2020, 17:41     #208
pxpx
 
If it brings down Trump I'm fully behind renaming it to Covfefe-19
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Old 16th March 2020, 18:16     #209
crocos
 
Mass gatherings (500+)? Nope! (Though does exclude education providers) - More guidance coming later in the week.

Zero tolerance for those ignoring isolation/quarantine rules.

Also incoming economic support package for businesses.
https://www.rnz.co.nz/news/political...prime-minister

The facial expressions on the NZSL translator are legend
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Last edited by crocos : 16th March 2020 at 18:17.
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Old 17th March 2020, 09:15     #210
Know me.
 
Quote:
Originally Posted by pxpx
Call us when it's below 20,000
I'm looking at it now and its about to hit, 45 minutes to go.

At the time of pxpx post, you could have gotten some March PUT options for sweet fuck all at these levels.
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Old 17th March 2020, 10:17     #211
Cyberbob
 
DJI 13% drop and worst point drop in history.



Australia's benchmark index dropped 10%, worst ever.
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Last edited by Cyberbob : 17th March 2020 at 10:19.
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Old 17th March 2020, 10:18     #212
blynk
 
Quote:
Originally Posted by Lightspeed
Is it just me, or did Trump look a bit unwell today?
Maybe that is why is has suddenly changed his tune to more that just Pence's thoughts and prayers.
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Old 17th March 2020, 10:30     #213
StN
I have detailed files
 
So Britain's gone full Logan's Run now? Good luck if you are over 70. Survival of the fittest!!
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Old 17th March 2020, 11:20     #214
DrTiTus
HENCE WHY FOREVER ALONE
 
Quote:
Originally Posted by pxpx
Call us when it's below 20,000
Almost there!

Edit: Oh, posted before I read the others.
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Old 17th March 2020, 12:20     #215
StN
I have detailed files
 
Quote:
Originally Posted by xor
RIP to any poor schlep who works in enterprise access/gateways. I imagine most business units have failed to test/roll any BCP and now shit is too late. Checkpoint/RSA etc will sharpen the knives with those wanting extra licenses.
Microsoft advises that Teams and Office365 will have degraded Presence and Video Conf resolution for the foreseeable future...
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Old 17th March 2020, 12:52     #216
StN
I have detailed files
 
On the plus side, some deliveries from AliExpress are getting through.

PS - Dear Mr Trump - this is what decent billionaires do in a time of global crisis, not try and pressure drug companies into exclusive IP access.

Last edited by StN : 17th March 2020 at 12:53.
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Old 17th March 2020, 16:59     #217
Nich
 
local atm (Yackandandah) has no cash. Digital bank run is underway.
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Old 17th March 2020, 18:08     #218
Know me.
 
Quote:
Originally Posted by Nich
local atm (Yackandandah) has no cash. Digital bank run is underway.
They don't hold much cash. I wouldnt call it a bank run, we are far far away from that scenario.
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Old 17th March 2020, 18:51     #219
Nich
 
Ok, it's not yet at Cyprus levels, but we're on our way.

Central Banks Unleash Their Unholy Monetary Theology On The People
https://www.youtube.com/watch?v=OZLKkBXc8f0
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Old 17th March 2020, 19:08     #220
Ajax
Architeuthis
 
Here in NZ we have a policy called the Open Bank Resolution (OBR) that kicks in when a major bank is about to fail. Essentially what happens is that every customer's savings balance gets a permanent haircut in order to prop up the bank and keep it going. This was brought into play after South Canterbury Finance collapsed in 2010 and taxpayers had to bail out investors to the tune of $NZ1.6 billion. The government of the time was not keen for that to happen on a larger scale with one of the major banks, so they shifted the burden to customers. It's hard to say whether OBR is a good idea but it's better than a total bank failure where customers lose almost everything.
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Old 17th March 2020, 19:13     #221
Know me.
 
Quote:
Originally Posted by Ajax
Here in NZ we have a policy called the Open Bank Resolution (OBR) that kicks in when a major bank is about to fail. Essentially what happens is that every customer's savings balance gets a permanent haircut in order to prop up the bank and keep it going. This was brought into play after South Canterbury Finance collapsed in 2010 and taxpayers had to bail out investors to the tune of $NZ1.6 billion. The government of the time was not keen for that to happen on a larger scale with one of the major banks, so they shifted the burden to customers. It's hard to say whether OBR is a good idea but it's better than a total bank failure where customers lose almost everything.
Its only baby boomers that are cash positive, and they wont be needing their money.
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Old 17th March 2020, 19:25     #222
Ajax
Architeuthis
 
Quote:
Originally Posted by Know me.
Its only baby boomers that are cash positive, and they wont be needing their money.
Smart people have emergency cash reserves. To get them through times of crisis, if you follow.
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Old 17th March 2020, 20:28     #223
DrTiTus
HENCE WHY FOREVER ALONE
 
Quote:
Originally Posted by Know me.
Its only baby boomers that are cash positive, and they wont be needing their money.
Speak for yourself.
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Old 17th March 2020, 20:46     #224
Know me.
 
Quote:
Originally Posted by Ajax
Smart people have emergency cash reserves. To get them through times of crisis, if you follow.
In the bank? or you've been hitting the local Yackandandah ATM?
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Old 17th March 2020, 21:51     #225
Rivertrog
 
Quote:
Originally Posted by xor

RIP to any poor schlep who works in enterprise access/gateways. I imagine most business units have failed to test/roll any BCP and now shit is too late. Checkpoint/RSA etc will sharpen the knives with those wanting extra licenses.
Just finished migrating like 50 users across to a new domain on friday (resetting all laptops and using the godawful msft autopilot intune thingo)

Only had one rds box setup, now it needs to scale out to support everyone. So been organising that.
Plus we rolled a new phone system to our callcentre last week.

ffffffff And i only started 6 weeks ago

Had a meeting with fortinet last week before all this travel ban shite and they said they were getting a LOT of calls from people trying to ramp up vpn /remote access capcity.

shits gonna get real next week.
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Old 17th March 2020, 21:57     #226
Nich
 
It's not good enough that banks that keep a fraction of their reserves (btw that fraction is now 0% this week, soo lend and invest the whole fucking stack) in the bank while the rest is gambled and invested. Then when that gamble goes toxic they cry to the government that they can't be allowed to fail because of all the innocent people who will be hurt.

So the government chooses the least painful option short term and writes laws like bail in, and the central bank invents trillions to keep the banks afloat. We get a haircut either way by a Cyprus type event, or currency debasement. Banks know they can play chicken with the economy all over again, and the government will save their skin next time.

Thanks Bill Clinton and the Glass–Steagall legislation.
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Old 18th March 2020, 03:45     #227
DrTiTus
HENCE WHY FOREVER ALONE
 
Quote:
Originally Posted by DrTiTus
Almost there!

Edit: Oh, posted before I read the others.
Slipped below 20000 at opening, but so far staying above 20k.

Only 45mins into the trading day... who knows what will happen. Certainly not me.
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Old 18th March 2020, 06:03     #228
creamcheese
 
Almost 7 million of us ordered to shelter in place for 3 weeks as of midnight last night.

https://www.sfchronicle.com/local-po...y-15135014.php

Spent all day getting as many users set up from home as possible, no time to jump in the huge lines for toilet paper or ammo.

Luckily I have plenty of both
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Old 18th March 2020, 10:11     #229
Nich
 
Quote:
ABC Melbourne was inundated with calls on Tuesday from people in Kyneton, Woodend, Ararat, Leongatha, Daylesford and Castlemaine, who were outraged that busloads of people from the city had travelled hours to clear out supermarkets in their region.
https://www.abc.net.au/news/2020-03-...towns/12065014

fuck that, time to roadblock the city folk into their own inoculum cloud.
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Old 18th March 2020, 11:15     #230
Ab
A mariachi ogre snorkel
 
Clearing out the country ATMs of cash too no doubt
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Old 18th March 2020, 12:27     #231
Nich
 
Lines down the street at Sydney banks.

Albury is limiting withdrawals to $10,000 per customer due to demand but they can “order more cash in”.

Is it a bank run yet?
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Old 18th March 2020, 13:04     #232
StN
I have detailed files
 
A joker at the pub confided that he walked into a bank and asked to withdraw $10 - was told to come back tomorrow when they had got some in - common practice I think. ATMs still max out at $400 here? Asking for a friend...
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Old 18th March 2020, 13:17     #233
blynk
 
Quote:
Originally Posted by StN
A joker at the pub confided that he walked into a bank and asked to withdraw $10 - was told to come back tomorrow when they had got some in - common practice I think. ATMs still max out at $400 here? Asking for a friend...
Was that $10k not $10. Asking for a friend...
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Old 18th March 2020, 13:34     #234
xor
 
Quote:
Originally Posted by Ab
Clearing out the country ATMs of cash too no doubt
What are they doing with it?
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Old 18th March 2020, 13:38     #235
crocos
 
Stimulating the economy of course. Not stuffing it under their mattresses at all.

Excitement: A week ago I was in the same room as someone that has developed flu symptoms after a trip to Germany. Will know in a few days if it's the new big-bad.
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Old 18th March 2020, 13:59     #236
Know me.
 
Quote:
Originally Posted by Nich
Lines down the street at Sydney banks.

Albury is limiting withdrawals to $10,000 per customer due to demand but they can “order more cash in”.

Is it a bank run yet?
Yep, do you have a link?
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Old 18th March 2020, 15:39     #237
Ajax
Architeuthis
 
Opportunity of a lifetime for the mugging community.
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Old 18th March 2020, 16:11     #238
StN
I have detailed files
 
Quote:
Originally Posted by blynk
Was that $10k not $10. Asking for a friend...
Doh! yes, $10k - I assumed he has a very hard mattress.
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Old 18th March 2020, 19:26     #239
DrTiTus
HENCE WHY FOREVER ALONE
 
Quote:
Originally Posted by xor
What are they doing with it?
Wiping their ass I guess.
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Old 18th March 2020, 19:41     #240
Trigga*happY
 
So how long before we start seeing headlines like "DDoS attacks cripple economy" with everyone working from home? I can't imagine that someone isn't already thinking about it.
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