The volatility we've seen on the market last week and this week, say stockbrokers, is set to continue.
Interest rates, trade tensions and the recent bushfires are other factors contributing to the fall of the Australian dollar. Tuesday's market resurgence is a classic example of market participants taking heart from news of a possible"cure" for coronavirus and then hunting around for stocks or securities that look"cheap" now.
Less speculation and fewer paper profits ? Less inflated prices and manipulation by greed driven individuals and entities? A whole reassessment of a system that fails on a regular basis requiring bailouts provided by those who rarely profit ?
Mmmm. Never mind the deaths, the stock market is what matters.
Instead of just using taxpayer money to, yet again, bail out corporations, perhaps it should come with a few conditions: 1. No more share buybacks 2. Caps on executive wages 3. Mandatory wage increases every year 4. Fire no one COVID19au auspol CoronavirusOutbreak
It's not all COVID19's fault. The economy was primed to fall off a cliff. Where are the real journalists? Any economics journos left at the ABC?
It could be closed. But then those in the know would not make any money from the clueless!