Correct Con,
This crisis is a supply shock that you can’t fight with monetary or fiscal policy.
Low rates are designed to stimulate demand, but they do nothing to mitigate a “supply shock”.
Undeniably, the problem is on the supply side not the demand side.
The solution needs to be a medical one...public health policy. Monetary and fiscal measures do not and will not help.
“Finally, what’s needed to stop the selloff is a vaccine. Regrettably, there probably won’t be a vaccine for another 12 to 18 months. By that time, Wall Street could be a pile of smoldering rubble.” Mohamed El-Erian
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
3.4¢ |
Change
0.002(6.25%) |
Mkt cap ! $61.30M | |||
| Open | High | Low | Value | Volume |
| 3.3¢ | 3.6¢ | 3.3¢ | $880.9K | 25.77M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 596120 | 3.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.5¢ | 2458689 | 9 |
View Market Depth
| Last trade - 16.10pm 18/07/2025 (20 minute delay) ? |
| LKE (ASX) Chart |