As share prices continue to recover, I think of the folk who have cleaned out up to $20,000 from their superannuation accounts when the market was materially lower.
What a policy error from the Morrison govt to allow this to occur - and what a financial disaster for these folk.
Macquarie offering a whooping .40% on 3 month TD - and you ask why the market is rallying!
The RBA did not take this action because it expects a decent economic recovery - it did so because the outlook is so very concerning that it had to throw the kitchen sink at the problem.
Next step, the dishwasher, oven and microwave
Government debt (gross) just hit $775.6 billion, up from what now looks a puny $273 billion at the time of the September 2013 election.
Gross government debt is now $30,200 for every man, women & child
Behold, the greatest bubble of our age.
Market cap to GDP now 187.8%