Worse, you could get an insane 9 year loan if you were a civil servant. OK cars are kept longer in Malaysia, but we also have high import duties that pump up the new value and increase depreciation
Don't hold your breath for a vaccine. Back in 1984 it was said that we'd have a vaccine for the HIV virus in around 18 months - that was 36 years ago.
Cheers,
DV
Although many infectious disease experts argue that even 18 months for a first vaccine is an incredibly aggressive schedule, a few optimists believe that hundreds of millions of doses of vaccine might be ready for roll-out by the end of 2020.
“What's happened so far has been nothing short of amazing”, says Penny Heaton, a vaccinologist and chief executive officer (CEO) of the Bill & Melinda Gates Medical Research Institute. Previous investments in new vaccine technology platforms made this possible, she adds.
Joe, I am also following the vaccine news and so far I think it's looking pretty good. Reasons to be cautiously optimistic in these rather pessimistic times.
However I think the stock market is now completely decoupled from economic reality.
This article from the New York Times is interesting if not a little worrying:
https://www.nytimes.com/2020/06/06/upshot/coronavirus-economic-crisis.html?utm_source=pocket-newtab
Retail investors and advisors main purpose has always been to provide a way for institutional investors to cash out
The US tech company I was working for back in 2000 went from over $100 down to $3. That was a massive overswing in both directions, but even so...
That was probably one of the tech stocks my mate in Oz was holding in 1999...and held until 2000...ouch