BPT Up or Down over the next 4 weeks ?
Some really interesting milestones coming up for the world and Australia and BPT...
1) Australia essentially going into a shutdown of all non-essential services. (Discretionary spend for all Australians to ZERO or near ZERO)
2) Australia in Recession and Mass Unemployment - Possibly as high as 10% some say but at least 5% to 7%
3) Russians and Saudi's likely to increase production from April 1st even further as they compete for a rapidly shrinking global oil market as global economies slow rapidly and contract into recession. This will come good and start again.. The question is will it be in 2021 or beyond.
4) Money Markets Freeze Up - Access to free and easy capital for companies to grow is hard to find..
I believe that we still have a ways to go down unfortunately even as we see some great GREEN days and even with stimulus after stimulus by all countries around the world.. Quite simply their is too much funny money beginning to circulate.
GLTAH and DYOR
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