Weekly Market Wrap: The Economic Situation and Government Stimulus

65
Profit Watch Weekly Market Wrap

See below for this week’s stories…

On Monday we looked at different ways the government can prop up the housing market (in order to protect the banks).

One idea would be to extend JobKeeper and JobSeeker.

Another could be allowing more super money out…

On Tuesday we tabled three scenarios on where the delicate economic situation goes from here…and what that might mean for bank shares…

On Wednesday we entertained the idea that the US dollar could come under pressure from rampant Fed money printing. Inflation could get a lift too…

And on Thursday we tabled the idea of class actions hitting fossil fuel companies like Woodside and Santos. I’m not saying this is a good thing. I’m saying it’s beginning to look inevitable…

Lastly, to finish the week, real estate expert Catherine Cashmore explains why apartment buyers always get screwed…and more! Go here for more on that.

Best wishes,

Callum Newman Signature

Callum Newman,
Editor, Profit Watch