Normal
Although timing may be off from your prediction, I think what you said is likely to be the eventual outcome, unfortunately. I agree with all of the above except for one point about businesses.I don't know of many businesses that have survived through support... what support ? Yes there is some support for housing as always in Australia, which in turn supports construction, real estate and few other businesses such as Building Materials companies (Disclosure: I hold Building Materials company CSR Ltd in Speculative Stock Portfolio which has done well as a result). But most businesses had to fend for themselves through lock-downs and virus fears and some even went out of business such as Virgin Airlines and countless small businesses that couldn't afford to keep their doors open.Individuals however did get support in terms of Job (S/K) eek/per schemes including a huge pay rise for the Unemployed / Dole recipients.
Although timing may be off from your prediction, I think what you said is likely to be the eventual outcome, unfortunately. I agree with all of the above except for one point about businesses.
I don't know of many businesses that have survived through support... what support ? Yes there is some support for housing as always in Australia, which in turn supports construction, real estate and few other businesses such as Building Materials companies (Disclosure: I hold Building Materials company CSR Ltd in Speculative Stock Portfolio which has done well as a result). But most businesses had to fend for themselves through lock-downs and virus fears and some even went out of business such as Virgin Airlines and countless small businesses that couldn't afford to keep their doors open.
Individuals however did get support in terms of Job (S/K) eek/per schemes including a huge pay rise for the Unemployed / Dole recipients.
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