What other options do you think are available to weather the covid recession, or as many are now calling it, a global depression. They cannot possibly ignore the need for economic stimulus, particularly fiscal stimulus, to get businesses returning to "normal" functioning and recovery. With falling revenues, apart from iron ore export profits, there is limited cash to do what is necessary so deficit is to be expected and the money to cover it must therefore come from debt.
The RBA and every economist I read/watched is saying the debt in such circumstances is necessary and with interest rates so low, and expected to remain so for at least the foreseeable future (circa 5 years), the benefits of going deeper into debt will provide returns to make it cash flow positive rather than negative as it was during Rudd/Gillard/Abbott years. and Abbott doubled the debt!
Yes the debt is quickly becoming massive, but what alternatives are available in you opinion?
RFX should consider this too, in the short term, as a means of developing the business.... the sales push is what we've all been wanting for some time now and, hopefully, will require the factory extension as sales/revenue grows.
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