Will QAN survive?, page-3124

It already has ended Tony, a 20% correction in SP500 and -25% fall on the NASDAQ. The ASX200 is only holding up through the massive cash unload into the markets from Aussie banks following the Term Funding Facility and the bond purchases by the RBA. That about to quickly change with the RBA now beginning QT:

https://www.rba.gov.au/speeches/2022/sp-ag-2022-05-23.html

Qantas will of course be up on the US bounce today and diddytwat no doubt mocking us, whilst we will be looking at coming 0.50% Fed rate hikes on June 15, July 21, Sep 21....already well priced into forward interest rates of course (US yields rightly have fallen from highs)

Fed balance sheet reduction beginning in June, near $50 billion a month rising to near $100 million in September. Good luck with your short Tony. Suspect you will do very well. So many Aussie investors learnt nothing from 2008. Here comes a massive, if slow, global monetary tightening and likely global recession, and as usual Australian investors have their heads up their rears.

Now I wonder which discretionary income area is going to get hit hardest in a downturn?