May 27, 2020
Welcome to Finance and Fury, the Say What Wednesday edition. This week’s question from Jacob.
“Hi Louis – I have a question about the forecasts of our recovery. I read that the RBA is expecting the economy to have a v shaped recovery and it seems that the share market is also going back up. My question is do you think the recovery will be v shaped? Would be great to get your thoughts on this.”
Thanks Jacob – that is a great question – today run through what these recovery patterns are, look at the metrics behind them and see if these stack up against what a v shaped recovery pattern looks like
Before we get into the shapes – I have little faith in the RBA models – purely based on their track records and the modelling used
What Is V-Shaped Recovery?
Current economic data – I have a problem with a lot of the data – do another episode on the flaws in reporting – but best we have
Thanks for the question Jacob
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