Business
The end of the party looms for markets high on stimulus – The Australian Financial Review
If inflation resurfaces and bond yields rise more sharply than expected, the impact could easily end the rally of 2020.
With more money in the bank, and more time on their hands because of lockdowns, many workers turned to punting in the markets. Of 49 million online brokerage accounts in the US, 13 million opened in 2020, according to calculations by Scott Rubner of Goldman Sachs. The week after stimulus cheques went out in April, trading by middle-class Americans soared.
US retail investors helped fuel flash manias for bankrupt companies such as JCPenney, and more recently for another faltering retailer, GameStop….
-
Noosa News18 hours agoCommonwealth Bank executive Christopher James McCann gets bail after being charged with grooming girls for sex
-
General20 hours agoSKorea trade envoy hoping for deal with US by deadline
-
Noosa News24 hours agoCFMEU violence cost Queensland government $22 million on one job site, premier says
-
Noosa News20 hours agoDSWQLA mourns Toowoomba practitioner – Proctor