The US election has been close and final counting as well as legal challenges could still upset the result, but the now highly likely outcome is a Biden Presidency.
The RBA has cut the cash rate to a record low 0.1% & announced a broad-based quantitative easing program.
Modern Monetary Theory reminds us that monetary financing of government spending need not be inflationary if there is spare capacity in the economy
2020 was dominated by the coronavirus pandemic but shares saw okay returns on the back of policy stimulus and vaccine optimism – resulting in constrained but positive returns for balanced growth super funds.
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