It is near to impossible for our big 4 banks to fail. They are at the core of Industry and Retail Super Funds and also in almost every SMSF. Dividend yield and 30% franking credit runs rings around money on Term Deposit.
Yes this a correction, and it normally takes weeks to play out in full. I don't believe that the bull market has ended, as business sentiment is quite strong globally. Also unemployment is generally quite low. The US Treasury bonds have only crept higher by a much smaller increment that was thought only about a week ago. Inflation has started in wages in the US, but not by a large amount, but that extra money will flow round into consumer spending.
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