Imo corona is not turning out as serious as first thought. Low deaths compared to other disease. I'm seeing plenty of 'new cases' in headlines but not mass deaths. It may be due to our lockdown actions but even so the lethality is still not great. Also, there have been a few headlines such as:
- Japan not planning state of emergency over coronavirus
- Xi: China's firms to resume production amid outbreak
And locally, my coles supermarket has more stock than a couple of weeks ago. It's like the public are percieving it's perhaps not as bad as first thought, and they've backed off from panic buying. Imo if it were really lethal, shelves would be clean in a proper panic. Of course it could be argued that people have less to spend now that lockdown has increased in scope.
I'm unsure how corona might end, it may be quicker than we think. Economically we are still slow and somewhat screwed, cheifly shown by the commodities slump after their supposed recovery. I also think there's an inflation risk post corona which may see rates being raised much earlier than thought, which will be way worse than corona. I heard this quote recently: 'no one's expecting higher rates for ages, which means they will arrive tomorrow'.
The only solid thing in just about the whole market is gold going up! Maybe bonds as well, but I don't think they've got a long bull run ahead like gold..
