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Astounding ... disturbing ... alarming dogs breakfast press announcement.

Why open ? The tornado from  the USA when you have their supposed head going DON'T get tested we dont have enough tests, and numbers by open even with this astounding ... comment ... likely 40,000 there verses 16,000 on Friday close.

I likely and possibly ... not surprisingly ... have everything wrong on estimating a vaccine in the 4-9 month range and down closer to the 6 month region as opposed to initial 9 months expected. A view I might add, not my own but one expressed by 5 different EU nations. To have our PM ... doubling that ... hmm.

It contradicts peak science bodies and their up to date live announcements and estimates. Link already given.

This to one side ....

Markets ... RBA will decide or so it now appears NOT decide. A failing sadly ... one I suspect has ZERO upside and potentially massive downside, not just a one day 20% hit ... a cascading imploding effect on the fabric of many fragile economic relationships and interdependence not obvious until one thing crumbles and another seemingly unrelated thing tumbles and another is forced to act and on and on we go.

Announcement of relaxing reporting rules and essentially no one goes broke and directors responsibilities relaxed during the crisis is identical to EU nations already announced actions mid last week. I would again point out the USA fell 10% in 8 hours from its peak ... to close on its low ... despite this.   Whilst good and positive, a week would be too short to digest what has just occurred.   Casinos closed ... well at a minimum their stocks should be asking for suspension .... no income coming in, a fair amount of debt and stuff going out. Who owns the debt ? Who is at risk ?

I am merely touching on the very tip of the iceberg and when I thought, maybe we isolate for 14 to 21 days and whilst not IMMUNE ... not until a vaccine the spread rate would drop, to have it implied its 4 months likely longer 6 and even 12 mentioned  ... contradicts virtually every other nations advice. YES for now contain identify and test test test ... flatten the bloody curve and socially isolate and it WORKS.

This was NOT the message I got from the PM. Not by a long shot. Sure ... end result is the same but by reading the riot act, which yes is needed to stop spread, but instead of if we DONT act stupidly ... in 2-4 weeks ... those infected identified and isolated and some normalcy comes back, all be it with social distancing, the message given was .... 4 months 6, 12   ... possibly longer and what the hell happens to lenders to Crown casino or Star in the meantime ?

Hence why ... with respect ... we need to pause ALL TRADING BY ourselves.

USA and its message of ... we have run out of tests, you dont need to get tested ... and coupled with infections being more than double as of close of Friday and NOT small numbers ... ones even for the USA size that, well ... are already chilling.

Scientists via the links provided know incubation mean time is 5.5 says but some are not shown via testing for 12.5 days. Family with one infected and say 3 kids really could be pass the buck for 2 months IF NOT TESTED and that's the USA response for now ? You dont need it ?

I wish NOT to be astounded or alarming, but ... have they lost their mind ? USA.

Have the Australian goverment and this dogs breakfast even thought WHAT the hell happens closing down a few bushiness with billion in debt does ? OR can do ? Cascade that through to contagion and well we have a reason to be alarmed. Sure if the announced at the same time we support and will 100% back these not tiny things ... which did not occur, maybe they might have been a lot more detail rather than something that was put in place without thought... well ... filling in the missing pieces.

The case for a pause ... and I am sue the govt will step in to support say Qantas and the casino's but ... until well ... set out, as WAS the case for Airlines was to some extent, to willy nilly close things I do understand. It would help ... if what support they GET in the interim was also spelt out in BIG LETTERS.

Too hard. Tomorrow a dogs breakfast for all ....

I know our PM denies climate science and took a lump of coal into parliament. Not sure if his version of faith is akin to USA VP Pence .. who denies all science. Clearly PM message contradicted his own SCIENCE guy and his message given on Friday on timelines and doubled it.' One is a doctor ... one is ... a well .... whatever ...

I think one can safely say beyond science ... PM has NO idea about business or markets or banks .... ZERO ...

Golly .. will that help the ASX ?

Paul Keating at least on his Banana republic speech on 14th May 1986 had some idea of what he was doing and saying. Absent ... totally today.