gold and silver recover , australia’s jobless rate highest in 22 years

aug 13 2020

gold and silver prices recovered somewhat from the recent drastic fall

australia’s jobless rate came in the highest in 22 years

on aug 11 2020 , united kingdom entered a technical recession

if large countries and diverse economies like australia and united kingdom are facing serious economic headwinds , what about the smaller ones – they must be devastated by now …

a lot of countries are dependent on a few areas like tourism , oil , hospitality etc – they are facing a really bad time

they need to find a way to support their citizens as well as the economy and somehow survive the dwindling taxes … it’s not going to be easy ..

vaccine hopes are just around the corner – so let’s see how much time before an effective one hits the market

a lot of questions persist …

  • most pharma companies agree that a vaccine takes 5 – 6 years to perfect – will it be possible sooner ?
  • even after the vaccine is released , how much time before the world gets back to normal again ?
  • how much time before all people get immunized and start getting back on their feet with jobs ?

the stock markets around the world over are hitting new highs almost everyday – the question is , aren’t we getting a little ahead of ourselves ?

is a big correction in the world stock market just around the corner ?

time will tell …

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