We need to consider what impact the restriction of human movement and economic shutdowns really has. That’s because it’s pretty likely that again in our lifetime, we’ll have to deal with another pandemic. This isn’t the first one we’ve had to deal with.
The outlook for Australia’s Big Four banks has worsened this morning, with the Reserve Bank of New Zealand (RBNZ) announcing a freeze on all dividends. All of Australia’s banks have opened lower today with Australia and New Zealand Banking Group Ltd [ASX:ANZ] and National Australia Bank Ltd [ASX:NAB] the hardest hit
Markets have tanked again this morning.
This is our new normal when it comes to watching the markets. Stock goes up for a bit, then down, down, down…
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.
Happy April Fool’s Day everyone!
If I had told you a year ago that a new killer virus would sweep the world…
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.
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