Last time it was interest rates going up in the United States which caused the last stock market pull back in October 2018. Now Coronavirus survival has made it necessary for the US Federal Reserve to take interest rates to almost zero to combat the economic carnage.
In Australia, many of the Banking Royal Commission recommendations have been lifted or given holiday periods. APRA tightened lending standards which had the effect of reducing house prices and ultimately had to relax them again to stop the economy declining. The Reserve Bank of Australia also had to steadily decrease interest rates to near zero.
Check out the below video from Martin North of Digital Finance Analytics and Harry Dent as they seek to help with financial Coronavirus survival.
Harry Dent outlines the possibility that Coronavirus survival may not just be a short term risk to your retirement and financial assets, but is part of a much longer downturn which will last until 2022.
Harry Dent also thinks there will be a bear market bounce giving those who did not get out a chance to do so later in the year.
