Financial Armageddon Looms For Aussie Corporates & Individuals!, page-4

IMO, we may be seeing a "Dead Cat Bounce" in Aus Economic metrics because:

-$300 mil Government Money + $36 million of Super draw downs have been added
to the economy in 2020 (18% of GDP)

-The Treasurer and Government has been spruiking the economy for political reasons

-Economic opinion leaders (Big 4 Banks + Stock market Gurus) have been spruiking the stock market for hip pcket reasons

-The RBA has been doing QE of which some of this easy money is being shoved into the stock market by Banks (like what happened in the USA)

-That the Stock Market short term metrics are not a measure of the economy (Check out Wall St 1930)

As Benjiman Graham ( Buffet's mentor) said:
" In the short term the stock market is a voting machine, but in the longer term it is a weighing machine ( again refer to Wall St 1929-1934)

MM