•   JMC Finance reacted to this post about 8 months ago
    Till the end of August ’20 everyone was very hopeful about slow down of Covid-19 numbers and casualties, but as the time knocked the door of September ’20 number of cases of Covid-19 started increasing and fear is again in the air. Many central banks pumped in enormous capital to restate the liquidity of money at the time economic slowdown. Flip side is companies like Amazon, Tesla, Apple, Reliance Ind., Microsoft, Google and few other companies are trading at all time high. Yes! Liquidity is great at this time, as many central banks have pumped in huge money and this money is chasing very few stocks. Most of the Governments want this money back in the shape of taxes again and this will be possible only when businesses will flourish. Entertainment, parties, tourism, hotel and restaurants will come back with the force. Mining, Real estate and construction are the engines of the economy. But challenge is how to deal with Covid19? There is no clarity about pushing economic activities on the cost of casualties and more deaths. I am hopeful more clarity and direction of actions will be clear by the mid of October ’20. Even today most of the country heads are not sure what to do; push the economy or keep every citizen safe. Virtual meetings and business activities are safe. In service industry its possible but in construction, infrastructure and manufacturing activities for all players ensuring the strict rules of social distancing and other norms may be little difficult. Let’s hope more remedy or vaccine is discovered fast.
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