Mocker Monday. May 12

Not much shared by the mockers this week. Debate seems to be raging whether Australia will bounce back quickly or slowly.

• A Bull case: The Lucky Country – 3 reasons why Australia will emerge better than most (Livewire Markets)
• A Bear case: Are equities disconnected from the real economy? (Roger Montgomery)

Beyond Covid there is broader risk that the global economy is reaching a major turning point.

• The Changing World Order. Chapter 1: The Big Picture In a Tiny Nutshell (Ray Dalio Principled Perspectives)
• How the economic machine works (Ray Dalio – Youtube)
• Big Picture Thinkers Ponder Deficits, The Fed, The Dollar And Gold (Seeking Alpha)

One thing to keep in mind through all of this: The stock market is not the economy.