AJX sell off, and it will bounce !, page-115

morning all,

neg is correct.

If we have GFC 2 (or GFC 1a more accurately) - this time it won't be subprime that starts it

it will be very similar -------- GFC - banks toppled (or should have) because of the collapse of bad debts on houses.

this time GFC 2 --------- exactly the same reason but, different sector ------- this time energy.

The energy mob have been borrowing like mad on low interest from banks - the banks are way exposed - and, now -------- with energy prices crashing -------- guess what

they are going to take the banks with them.

AJX - I still say - pretty good place to park your wealth.

Anyone thinks cash is better or real estate?? Well - we could argue that one all day - IMO, AJX atm is as safe as cash - and, if the poo really hit the blades - maybe safer.

Isn't living on the edge great! You know you are alive when the earth is shaking eh?





"Many banks are heavily invested in large oil projects. But since the price of oil collapsed, dozens of companies behind the projects have gone bust."

http://www.smh.com.au/business/mark...al-banks-are-selling-off-20160209-gmp3mt.html



Pinto