The end of 2021 brings an appreciation that we are in the middle of a bull market across most asset classes whilst still dealing with the pandemic. It is a general consensus amongst the economists that we could have experienced a recession as significant as the Great Depression if the governments and reserve banks did not act accordingly.
To illuminate, the scale of financial support provided by the Australian government to the economy was roughly seven times greater than what was provided during the GFC.
The question to ask now is what does the future hold and what can we expect in 2022 once this extraordinary sugar hit, the tapering of bond-buying programs and special Covid-19 disaster payments begin to fade.
