The COVID Diaries: government-sector borrower 1
The following interview is with a funding executive at an Australian government-sector issuer. It was conducted on 19 March 2020.
Are you working from home? If so, how challenging has the change been and, if not, how likely do you think it is that you will be working from home in the coming weeks?
How close do you think the market will get to business as usual if we are in a period of social distancing for multiple months, including working from home and little or no face-to-face interaction?
We also regularly check whether everyone’s technology is functioning properly so we can take action to maintain business as usual if things begin to break down.
There are some challenges. The biggest so far has been getting enough monitors for at-home use. But we are operating at 100 per cent functionality.
“I think the federal government’s very slow rollout is creating more panic than if the country had entered an immediate mass shutdown. There is a growing level of mistrust and I have serious concerns about widespread social unrest.”
What other changes are you making in your personal and professional life?
What are you most worried about in this period, personally or professionally – and how worried are you in general?
My view is we will see an escalation of violence in the US, where everyone has access to a firearm. There was footage two days ago of more people lined up outside the gun store than outside the supermarket. I think there is a serious risk of anarchy.
My concern is that people are not prepared for when we do enter complete social isolation, which has just happened in Tasmania. People will realise that if they haven’t made suitable preparations, they will be challenged.
Our industry will be fine because we will all have jobs to do and will get paid. It will not affect our ability to purchase, assuming we have access to purchasing. But anyone who is involved in a small business or retail may not have any income or provisions – this will be a social catastrophe.
What is the latest article you have read in relation to COVID-19 and what did you like/not like about it? Can you provide a link?