Ep. 46. Coronavirus and prepping finances for… a recession?

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About this episode:

Season 2 of The Australian Finance Podcast kicks off with a discussion that attempts to make sense of what we’re seeing right now in financial markets.In this podcast Owen:

• Explains the economic implications of Coronavirus (so far)
• Defines what a recession is and means
• Concrete ways to prepare your finances for whatever life throws at you
• Shares the best resources he can find explaining what we — as a planet — are up against
• Reminds you to stay optimistic — we’ve got this

Resources:

• Owen’s finance courses: https://education.rask.com.au/all-courses

Feeling worried?

Here are the best resources to help you cope with financial stress or anxiety…

• Financial stress: https://www.education.gov.au/financial-stress

• Beyond Blue: https://www.beyondblue.org.au/

Coronavirus related information

• Coronavirus factsheet (PDF) (via Health.gov.au): https://www.health.gov.au/sites/default/files/documents/2020/03/coronavirus-covid-19-what-you-need-to-know.pdf

• Coronavirus announcements and media releases (via the government website): https://www.health.gov.au/news/australian-health-protection-principal-committee-ahppc-coronavirus-covid-19-statement-on-8-march-2020

• Jolly Swagman podcast: https://josephnoelwalker.com/yaneer-bar-yam/

• Bloomberg’s map of Coronavirus (find the positives): https://www.bloomberg.com/graphics/2020-wuhan-novel-coronavirus-outbreak/

• Swine flu (H1N1) outbreak: https://www1.health.gov.au/internet/main/publishing.nsf/Content/cda-surveil-ozflu-flucurr.htm

• Lessons from the H1N1 Australian Pandemic (PDF): https://www1.health.gov.au/internet/publications/publishing.nsf/Content/review-2011-l/%24File/lessons%20identified-oct11.pdf

• Impact of SARS virus in Australia in 2003: https://www.healthdirect.gov.au/severe-acute-respiratory-syndrome-sars