Friday March 13 - Shredding machine, page-17

  1. 1,250 Posts.
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    For all those looking to jump back in, just remember the GFC was a crash caused by structural issues in the market: Credit markets froze leading to liquidity issues. Central Banks and governments were able to come to the rescue via huge Monetary measures.

    What we have here is an unprecedented event-driven crash, the extent to which it will cause structural issues to the market and the economy is completely unknown, the paradigm that has lead the world since the early 00's will dramatically change: less globalization, less mass tourism, return to localization and proximity between production and consumption. For a country like Australia that is surrounded by ocean having already prostituted all its local natural resources (gas etc) to foreigners and having shifted all its production offshore, this will have a catastrophic impact on the living standards of its population and the SME business sector that forms a big chunk of its economy.

 
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