Hi readers
We have seen what's occurred on the stock market with this virus and I don't want to harp on it either.
It's amazing how in the US bailout package (6 trillion) 66% went to the banks and 13% went to corporations.
2% went to hospitals and 1.5% went to the people struggling to put food on the table..
Why bail the banks out when when its the people and hospitals that need it the most.
It does make you wonder what the hell is going on.
In Australia the reserve bank cut rates again and gave banks a 90 billion life line for daily operations and the banks gave a suspension on home loans for 6 months.
How good is that ? Banks are worth $400 billion and yet they have $5 trillion in home loans liabilities not investment or business loans.
You do the maths, but hey there helping out everyone! Not!!!!
Had they not given people loans they know they can't pay they wouldn't be in this position.
But greed for bonuses has handcuffed people with loans they will never pay off.
A 15% revaluation of property prices will bankrupt 3 of the big four banks without government support so it tells you how screwed up the industry is.
Yes people , the tax payer will have to bail out the banks in Australia when the time comes, I don't think the government will be prepared to tell the public tho so the reserve bank will keep pumping money into the system.
Last week I read on Bloomberg that the Australian property market prices fell 16%, yes there will areas that dive quicker than others so wait for more data before you make your own assessment of what I'm stating.
On the investment side of things I have bought PAR.AX,OCC.AX, and ABR.AX
You have to buy when stocks are cheap and I think these stocks are .
I just felt that these stock have fallen far to much and yet they do have something marketable.
OCC.AX management is questionable I will look to start talking and make progress with there vision.
I haven't bought any BUB.AX.
As always use the above as an indicator to your own research.
The above issues are not financial advice and you should seek professional advice.
I am not a financial advisor, I am an astrologer.
We have seen what's occurred on the stock market with this virus and I don't want to harp on it either.
It's amazing how in the US bailout package (6 trillion) 66% went to the banks and 13% went to corporations.
2% went to hospitals and 1.5% went to the people struggling to put food on the table..
Why bail the banks out when when its the people and hospitals that need it the most.
It does make you wonder what the hell is going on.
In Australia the reserve bank cut rates again and gave banks a 90 billion life line for daily operations and the banks gave a suspension on home loans for 6 months.
How good is that ? Banks are worth $400 billion and yet they have $5 trillion in home loans liabilities not investment or business loans.
You do the maths, but hey there helping out everyone! Not!!!!
Had they not given people loans they know they can't pay they wouldn't be in this position.
But greed for bonuses has handcuffed people with loans they will never pay off.
A 15% revaluation of property prices will bankrupt 3 of the big four banks without government support so it tells you how screwed up the industry is.
Yes people , the tax payer will have to bail out the banks in Australia when the time comes, I don't think the government will be prepared to tell the public tho so the reserve bank will keep pumping money into the system.
Last week I read on Bloomberg that the Australian property market prices fell 16%, yes there will areas that dive quicker than others so wait for more data before you make your own assessment of what I'm stating.
On the investment side of things I have bought PAR.AX,OCC.AX, and ABR.AX
You have to buy when stocks are cheap and I think these stocks are .
I just felt that these stock have fallen far to much and yet they do have something marketable.
OCC.AX management is questionable I will look to start talking and make progress with there vision.
I haven't bought any BUB.AX.
As always use the above as an indicator to your own research.
The above issues are not financial advice and you should seek professional advice.
I am not a financial advisor, I am an astrologer.
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