The Reserve Bank of Australia slashed interest rates in an out-of-cycle cut to an all time low and embarked on a quantitative easing programme for the first time, while the government unveiled A$15 billion in loan support for small and medium lenders.
...
Australia has recorded around 600 coronavirus infections and six deaths, a relatively small number compared to other countries, but officials are growing increasingly concerned about the prospect of an exponential rise in cases.
Australia has banned non-residents from entering their country (a.k.a. closed the border) based on a "prospect". Note that this ban will also include 100B ($56B us) pumped into economy.
This sounds like a familiar strategy, but I just can't place it...anyone else know of any other nation doing as much?
Closed Down Under
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_subgenius
- _Emeritus
- Posts: 13326
- Joined: Thu Sep 01, 2011 12:50 pm
Closed Down Under
Seek freedom and become captive of your desires...seek discipline and find your liberty
I can tell if a person is judgmental just by looking at them
what is chaos to the fly is normal to the spider - morticia addams
If you're not upsetting idiots, you might be an idiot. - Ted Nugent
I can tell if a person is judgmental just by looking at them
what is chaos to the fly is normal to the spider - morticia addams
If you're not upsetting idiots, you might be an idiot. - Ted Nugent
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_Icarus
- _Emeritus
- Posts: 1541
- Joined: Thu Sep 26, 2019 9:01 pm
Re: Closed Down Under
Ya, New Zealand is another island that did the same thing.
"One of the hardest things for me to accept is the fact that Kevin Graham has blonde hair, blue eyes and an English last name. This ugly truth blows any arguments one might have for actual white supremacism out of the water. He's truly a disgrace." - Ajax