Based off the economies which recovered best after the Spanish Flu and the federal government's massive stimulus program, Australia "could actually see a roaring twenties reproduced for the 21st century" says the Switzer Report's Peter Switzer.
Mr Switzer suggested Australia "will move into a 21st century roaring twenties after all of this" party due to the scope of the economic response, and the country's relatively low national debt. He told Sky News host Peta Credlin if Australia is able to continue on the current health trajectory which has seen the coronavirus curve flatten "we may get out of jail a lot quicker than other economies". "We might be rebounding stronger than other economies".
Spoken by those who don't believe private debit is 'a thing', not only is private debit hugely different now, so too demand/demographics, interest rates, likely asset bubble etc & our major customers have huge debit levels but at least world fiat currencies maybe a plus.
Sure after the debt jubilee which the bankers all think is on the money... The history of this is fascinating
Peter and Peta ...do you live in fantasy land? The Spanish Flu quickly disappeared, current theory is that it mutated and became benign. To assume the same will again with certainty is incredibly naive.
Australia needs a better future than this...
The world will not want to go back to dirty COAL after this.
Not a good analogy, given the roaring 20s did end with a global depression