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
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Last
3.0¢ |
Change
-0.001(3.23%) |
Mkt cap ! $54.09M | |||
| Open | High | Low | Value | Volume |
| 3.1¢ | 3.1¢ | 3.0¢ | $73.30K | 2.421M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 21 | 4128042 | 3.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.1¢ | 3420614 | 4 |
View Market Depth
| Last trade - 16.14pm 15/07/2025 (20 minute delay) ? |
| LKE (ASX) Chart |