We been in a recession for months. More like a depression now.
If it wasn't for all the job keeper and what not the unemployment figures would be 60%.
Programs are getting cut backs from $1500 to $1200 a fortnight from September 28 through to March.
Not likely to be a vaccine by then either.
This has a long way to run.
With money getting cut back leads to less spending with on line sales which has to hurt Z1P and others.
At some point bargain hunters will jump back in. See what markets do tonight. If they fall by 2% then expect a big fall here too.
Only hope is some sort of announcement to say they've added another large company which should level the stock out and may see it leap upwards.
Recession impact, page-20
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$3.25 |
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