https://finance.yahoo.com/news/were-...203609002.html
New bull market trend in place.
Pigs can fly?
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https://finance.yahoo.com/news/were-...203609002.html
New bull market trend in place.
Pigs can fly?
More chance of a correction when it truly sinks in the amount of money thrown at economies around the world. We need to control our exuberance when positive news of any sort is paraded before us, or we will be caught by a second wave of selling.
as an example if you have to give someone 4 weeks notice before redundancy maybe you could start that next month so the govt is paying the notice period rather than you so they are gone by the time wage subsidy finishes. then you have saved yourself 4 weeks payout under normal circumstances.
thats why there be mass layoffs when the wage subsidy finishes. its already starting i know plenty people have been given notice this week for meetings to start soon about there layoff.
It took only five weeks for the U.S. economy to wipe out all the job gains it added over the last 11 years.
https://www.cnbc.com/2020/04/23/the-...recession.html
My guess NZ will have similar headlines june/july
U.S. Unemployment Waves Keep Hitting With Millions More Claims
https://www.bloomberg.com/news/artic...t-s-fifth-week
https://www.newshub.co.nz/home/polit...robertson.html
Watch for the helicopter money in the next fiscal stimulus package to be announced in May budget.
To be paid out just before the September election - what a winner for Cindy & her bunch of incompetents!