Ann: Becoming a substantial holder, page-37

We're locked-down in kiwi-land - personally I'm pleased - our Government showed they can actually make a big decision when it counted.

Good luck in Australia - I wish you well, keep safe and healthy.

Here's a very timely part-article from Ray Dalio ... thought provoking. For me - justifies investment even in these times - targeted investment!

Ray Dalio is no stranger to economic crises but he thinks this one could be different.In a LinkedIn opinion piece, the founder of the world’s largest hedge fund said market moves were common. But this time three things were different.First, never before in our lifetimes were interest rates so low. Second, never had wealth and political gaps been so high. Finally, never before had the US encountered a rival power in China.Consequently he anticipates a different outcome to past crises.As Dalio articulated, economies face a damned if you do, damned if you don’t scenario.“We are now facing a choice between having more economic growth with more sickness and death or having less of these,” he said.While he thinks this question is debatable, society first has to settle on three issues:Luxuries are not as important as basic necessities such as health, education and “basic maintenance”;It’s “no big deal” to reduce luxury spending; andIf luxury spending shifts to necessity spending, there’ll be enough to cover the necessities.“If we agree on those things then we should make that our goal and figure out how to best get there,” he said.