The U.S. will be in a recession by 2020 and imo we have nothing to learn from them. The economy had recovered nicely under Obama, Trump has overheated it with massive tax cuts. Most of the money from those tax cuts have gone into share buybacks and generous executive bonuses. The DOW tumbled 2% again today. It's been the worst quarter since 2011 for the U.S. stock market. Trump took the economy on crazy drug-fuelled bender funded by government debt. The hangover is already starting to hit.
Telstra will go lower on Monday imo, because of global concerns that include the signs of recession in the USA and Trump trade wars. The telecommunications sector may be headed all the way down again. The best chance of a quick recovery will be TPH/Voda successfully convincing ACCC somehow and a Labor government being elected and writing down NBNCO to give telcos better margins. If that doesn't happen, the sector will still be languishing when the next recession hits.
how low, page-6
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Last
$3.81 |
Change
-0.110(2.81%) |
Mkt cap ! $44.02B | |||
| Open | High | Low | Value | Volume |
| $3.87 | $3.88 | $3.76 | $126.1M | 32.99M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4845 | $3.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.81 | 715754 | 10 |
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| Last trade - 16.10pm 05/08/2024 (20 minute delay) ? |
| TLS (ASX) Chart |