Instead, they are pricing in a swift and almost perfect recovery based upon the presumption that maybe, just maybe, there'll be a vaccine that will suddenly rid the world of the pandemic that has created so much pain and hardship in such a brief space of time.For when it comes to finance, free markets have become captive to central banks, which now are pouring trillions of dollars into the global economy each month to fabricate a recovery.
The dire picture he painted, a future where millions of Americans would never get their jobs back, included predictions that unemployment would be sitting at around 9.3 per cent at the end of this year and 6.5 per cent by the end of next year.Download the ABC News app and subscribe to our range of news alerts for the latest on how the pandemic is impacting the world
Imagine writing an entire analysis about 'the secret behind the booming stock market' and not having the ability to identify the number one reason it is happening. I know you're the abc and researching facts isn't your thing, but you really need to do better.
the world is mad & human greed will destroy it.. there's your damn secret.
. The secret is, that despite half the population living week-to-week, the other half have so much that they don't know what to do with it. Even when global trade stops, they buy shares putting the price to 25+ years earnings and to record highs.
Tldr: racist old white men, doing bad stuff