The 2008 global financial crisis was bailed out by stimulus and corporate bailouts...
Is there any money left to do it again?
:cool:
.^sc
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The 2008 global financial crisis was bailed out by stimulus and corporate bailouts...
Is there any money left to do it again?
:cool:
.^sc
Pandemic virus will disappearing however the impact to economy will remain and recovery will take time.
Meanwhile, post pandemic will change people behavior of traveling. People will be more careful.
Definitely... recovery will take time. So expecting mid year 2020 and Feb 2021 financial reporting seasons not too good in opinion.
heres a example of bad senario from robobank in the netherlands
The question is whether the current epidemic can leave a permanent mark on the Chinese economy or, if it spreads further, the global economy. Permanent economic damage often occurs in case of a supply-side shock in the economy. This means supply-side factors, i.e. capital, labor and technology, are permanently affected by drastic events, such as an armed war, natural disasters, financial crises or a global epidemic or pandemic. At this point, the corona outbreak is nowhere near a pandemic and such a pandemic should be considered as a worst case scenario. But under such a scenario, there is a high risk of permanent economic damage. Pandemics in the past, such as the Plague in the mid-14th century or the Spanish flu in 1918-1920, illustrate how these events can leave economies crippled. Due to the Spanish flu, for instance, the US working-age population shrank by half a million people over the course of one year (Figure 6).
https://economics.rabobank.com/publi...e-coronavirus/
so rate cuts wont help
In such a case then investment that increased the productivity of the labour force would be important. NZ has had poor productivity growth, so I would have thought policies aimed at diverting NZ's over-investment in inflated residential land towards business capital and research and development would have beneficial consequences.
Productivity - The Treasury New Zealandhttps://treasury.govt.nz › ... › The New Zealand economy
US markets heading to lows again . this is bad news going forward. sp 500 broke 3000
Dow closed > 4.4% down. Almost 1200
DOW finished re 1194 points down today.!!