I’m trying figure out exactly when we really hit the depths of economic ruin. As it stands the Aussie economy dodged the recession bullet in 2019, albeit barely. And there’s a pretty good chance that 2020 would have led to an economic recession in Australia even without the coronavirus…
While in December 2001 much of the world was enjoying the holiday season, Argentina was encroached in their own ‘ice-nine’ hell.
Adding further to the Aussie big four banks’ woes, global credit ratings agency Fitch Ratings downgraded the long-term issuer default rating of the four major banks. The ratings agency has maintained the rating outlook for the major Australian banks as negative…
There is an exodus in China. It dawned on producers that relying only on China is risky. If their supply chain is compromised — be it via a trade war or otherwise. Then the coronavirus (COVID-19) struck. An event that could be the nail in the coffin of China’s manufacturing supremacy…
Day by day the numbers are becoming increasingly grim.
Right now the US is coming to grips with the pandemic. Although you wouldn’t know that by looking at the major indices.
Greg Canavan, often says that when you see markets rise on bad news, it’s a great sign the bottom is close. Remember the stock market lives in the future, not the present. I remain cautious about this overnight surge in the stock market…
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