Menu
Sign In Search Podcasts Libraries Charts People & Topics Add Podcast API Blog Pricing

Owen Raskovich

πŸ‘€ Speaker
6765 total appearances

Appearances Over Time

Podcast Appearances

Australian Finance Podcast
Season 2: Coronavirus and prepping finances for... a recession?

in international flights.

Australian Finance Podcast
Season 2: Coronavirus and prepping finances for... a recession?

So that's having an impact on their business and what is likely to come about as a result of that is we're likely to see things like maybe not so much job layoffs but maybe things like people going on unpaid leave or being forced to take leave in certain respects because they simply don't have the work there.

Australian Finance Podcast
Season 2: Coronavirus and prepping finances for... a recession?

Another one is a company like Blackmores.

Australian Finance Podcast
Season 2: Coronavirus and prepping finances for... a recession?

So Blackmores creates the vitamins and those things that make us feel good, right?

Australian Finance Podcast
Season 2: Coronavirus and prepping finances for... a recession?

Or at least we think they do.

Australian Finance Podcast
Season 2: Coronavirus and prepping finances for... a recession?

Maybe it's just a placebo.

Australian Finance Podcast
Season 2: Coronavirus and prepping finances for... a recession?

I don't know.

Australian Finance Podcast
Season 2: Coronavirus and prepping finances for... a recession?

You're the expert on this, not me.

Australian Finance Podcast
Season 2: Coronavirus and prepping finances for... a recession?

But Blackmores has come out and said, hey, we're not going to be able to manufacture.

Australian Finance Podcast
Season 2: Coronavirus and prepping finances for... a recession?

We perceive at least a two to three month shortfall in the key supply and disruption to our production.

Australian Finance Podcast
Season 2: Coronavirus and prepping finances for... a recession?

I guess, our global supply for these products.

Australian Finance Podcast
Season 2: Coronavirus and prepping finances for... a recession?

So even though people might be rushing into the chemist to buy them, they're just simply not there because they haven't been manufactured and they can't get to the shelves in time.

Australian Finance Podcast
Season 2: Coronavirus and prepping finances for... a recession?

But then we see another effect.

Australian Finance Podcast
Season 2: Coronavirus and prepping finances for... a recession?

We see things like plumbing businesses and construction companies.

Australian Finance Podcast
Season 2: Coronavirus and prepping finances for... a recession?

So if you're working on someone's house or you're about to say you're a plumber or you're a builder and a client's just come in and said, we want this house built.

Australian Finance Podcast
Season 2: Coronavirus and prepping finances for... a recession?

It's a wonderful house.

Australian Finance Podcast
Season 2: Coronavirus and prepping finances for... a recession?

It's going to cost us $400,000.

Australian Finance Podcast
Season 2: Coronavirus and prepping finances for... a recession?

But then that person is now forced to work from home and their job is insecure and they're not sure what's going to happen with their income.

Australian Finance Podcast
Season 2: Coronavirus and prepping finances for... a recession?

They might think, well, hey, you know what?

Australian Finance Podcast
Season 2: Coronavirus and prepping finances for... a recession?

We might not actually go ahead with this building right now.