As Vern notes, there’s fundamental economic change afoot. How this all shakes out is going to have immediate impact on global industry, but it’s also going to drastically change the future that we thought was coming.
As we’re currently seeing, governments and central banks around the world are undertaking a giant experiment. In the words of our Prime Minister, they’re trying to ‘pause’ the economy. Pumping billions or even trillions of dollars into industries to survive the collapse in demand.
Another morning, another rally.
The Aussie market seems to believe in the power of governments and central banks once more.
Is the economy so royally stuffed that the six-month ‘Job Keeper’ hiatus is merely a time bomb set to explode later on?
Tobias Adrian says: ‘Cash, the physical object, is now potentially contagious but cash, the financial asset, is still a safe option.’ Indeed, China started confiscating and sterilising the physical object in question.
The ASX 200 is on the move. Before Friday’s trading we were up 12% from Monday’s lows. But down 28% from the highs of last month.
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