Corona crisis intensities, but corrections ultimately provide opportunity and reward quality


Global markets are currently in a state of turmoil as the COVID-19 virus crisis continues to run amok and government action is perceived as inadequate. While commentators are raising the probability of a recession to a near-inevitability, it should be remembered that interest rates are at historical lows and moving lower, extra fiscal spending is in the pipeline, and there are currently-sound employment and consumer balance sheet levels in key economies, including in New Zealand.

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