Only the bureaucrats will thrive in the environment we are heading into and taxes will continue to rise to feed their trough as other tax receipts dwindle.
Anyone who has not set themselves up with a cushy taxpayer funded government-related low-effort middle-management position by now will starve in coming years.
With the widespread incompetence in most companies and overpaid useless people everywhere we are facing an apocalypse for investment in the country.
Will investors keep on bankrolling these enterprises that face a mountain of government regulation are looted alternately by overpaid/incompetent management, or overpaid/incompetent organized labor, or the banks who continually trigger collapse after collapse to gain ever increasing equity?
Sell. Sell. Sell. Short. Short. Short.
The banks will trash every company in Australia as they have already set about doing.
They are making a fortune shorting and it is so profitable they have moved into shorting microcaps to starve them of capital and reap 100% gains there also in coming years. Macquariee broker code is very active in the microcap shorting area and ASIC aggregated short reporting regulations are not adhered to by whomever is shorting microcaps to the tune of 0.5% of the issue in a single hit.
It is a flagrant betrayal that these same global banks that were bailed out with taxpayer funds are again white-anting the financial markets. Sure it is legal, but we bailed you out you bastards.
