Not a great week:
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Not a great week:
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Indeed - the coming week possibly may be no better either IMO
We’ll be maybe approaching peak testing capacity sometime next week as cases at least double/triple again in the next 7 days. Its expected but will still spook some investors no doubt who haven’t already sold out of retail names.
Likely we will also start to see some retail chains struggling with staffing issues (too many in isolation) and having too close stores temporarily.
Am awaiting with morbid fascination how quickly the tent city in front of parliament starts to turn into a triage center for Darwin’s finest. Wouldn’t want to have a retail store open in Wellington CBD currently.
Yes its going to be quite ironic when they all get omicron..
I have expressed my views on the HLG thread earlier today and actually I started rumblings prior to Christmas about how the NZX retailers are in for a couple of years of struggle. I suspect the last post you do for the year will be 6/6 clean sweep of red. Not even the diamond amongst the rocks, MHJ, will be in the green i reckon.
Number 7 (TRA) is going to have to switch over to financial category soon if not now. Oxford finance is now and going forward going to be the big money earner for them. But I suppose its a chicken and egg thing with them. Cant sell finance without sell the car first. Or is it the other way round? Cant sell the car without first getting the money sorted?
Queenstown business community has basically laid out the problem. Staff have to isolate, come back to work get closed contacted and then are back in the HUT.
QT looked empty on the news anyway.
Things like this never play out like in a war game.
Basically the GVT play book is out of pages...
There is no way around this unless isolation requirements are dropped for close contacts (which would undoubtedly lead to a massive spike in Omicron cases, which would lead to a corresponding massive spike in hospital admissions in 7-14 days time, followed by an inevitable spike in hospital deaths from both CV and non-CV patients who cant receive adequate care due to overloaded hospitals).
Staff shortages is exactly what happened in Australia during the start of their widespread Omicron outbreak. Everyone paying attention to what happened in OZ knew their would be a period where temporary widespread staff shortages would be happening.
This is the alternative to lockdowns that everyone wanted after all (Queenstown businesses most of all somewhat ironically)