We are dealing with something no one has seen before.
The size of the problem can be judged by the US Fed and Aussie Reserve panic cut in interest rate.
They are tishing themselves. But they are suits in offices having meetings with other suits.
A bit like the ABC, your local shire council declaring a climate emergency where do these loonies come from?
It is going on for weeks not days. Buyers entered the ASX yesterday 3/3/20 Their hopes were dashed as WallSt fell 3% yesterday and Aussie copied today.
Tomorrow is still weak Punters look at these morons cutting rates and think "am I going to spend on new carpet" or more likely wait and see.
I am looking at a dozen stocks to buy Oil is weak (diesel 1.40 at pump) so WPL - Woodside is at year lows
Tunnels in Melb are tainted with toxic soil Vic government want to dump cancer/PFAS soil in the veggie growing area of Werribee.
So TCL Transurban looks rocky but has bits of paper guaranteeing future revenue streams
Do you have to be a loony to be in office?
My local council Mornington Peninsula Shire has issued a climate emergency. They look like normal people - but are not.
