WES looking at AMP, page-42

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    Wll, WES & AMP will both struggle in present economic climate. Outlook for AMP must be quite horrid with unemployment across mining, O&G & real estate, Queensland & Victoria construction worker layoffs, the car industry layoffs, NSW ALP victory coming up which will savage business confidence in NSW. All will lead to lapse rates going through the roof, income protection policy claims & all will reduce grocery purchasing power all IMHO but pls DYOR.

    Best WES & AMP can hope 4 is a post-Abbott resignation bounce when a new PM gets elected & restores Australian business & consumer confidence. Hopefully b4 March as otherwise NSW election result to the ALP will trash business confidence IMHO for a couple of years at least but pls DYOR.
    Last edited by JCoure: 01/02/15
 
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