Four days until economic bloodbath

Will our economic reality change after 31 March 2021? At the moment it seems like everything is ‘going back to normal’, isn’t it? The sharemarket is back to where it was pre-COVID and (some parts of) the property market seem to be booming according to (some) reports – leaving aside the state of some apartment blocks and vacancies. Community transmission is almost non-existent, we don’t have to wear masks on public transport, but people are still working from home.

So what does all this mean and will it change when JobKeeper ends? What happens when businesses and people have to go back to spending “our own money”? Of course, government benefits weren’t going to last forever and the weaning had to start sooner or later.

#economy #business #jobkeeper #property
In the classic tale of Superman, mild-mannered Daily Planet journalist Clark Kent lives an otherwise pedestrian life, despite the activities of his superhero alter-ego Superman.