What's the Dax doing? 1/3 of the German employees (out of approx. 30 million without public service) are in short-time work (Kurzarbeit). Many of the 10.1 million will lose their jobs because the companies will close down or no longer need so many employeesf. The service sector is the most affected by job creation, which provides almost 80% of the german workforce and accounts for about 70% of Germany's GDP.
What is DAX30 doing?
Contrary to all expectations, it simply rises, as if the Corona/Gates Depression that just manifested itself was already over and after a few weeks of closing everything would be chic again as if nothing had happened.
So the question is, how sustainable is this current rise and whether this is a new bull market or just a bear market rally?
This is only the beginning of the big depression coming dear Stefan unfortunately big bank and debt crisis is on coronavirus is only the match that started the fire but the fire now will not stop for long... Unemployment rate will hit record highs and bankruptcies will have no end for a very long time...