Westpac Looming Customer's Debt Defaults-Economic Armageddon Deadlines.
1st may 2020: May 4th Westpac Delivers 1HFY20 Financials! Kept Secret Is: Will Investors Get A Dividend Now, In 2021?
Photo Symbolizes Westpac's Looming Debt Defaults-Economic Armageddon Deadlines:
1st, July 2020: 3 months banks-lenders Debt Moratorium is up. 25m Debt-riddled Aussies have to pay up-home mortgages, credit cards, personal loans, business loans, etc. In a word-impossible! So what happens?
2nd, Sept 2020: JobSeeker & JobKeeper Gov't job-unemployment Subsidies are up. Coupled with 1st = financial, economic, social disasters far worse than 1929-late '30s Great Depression.
Which is why: 35% To 40% Crash In House Prices In 2020, Bank's Mortgage Crises, Economic Depression Contagion Affects.
Aussie House Prices, Bank Stocks-Mortgage Assets Set To Crash As Coronavirus Economic Contagion Bites Hard!
Westpac (ASX:WBC) No # 2 Bank Is Most Exposed, Shaky.
WBC Price at posting:
$16.28 Sentiment: None Disclosure: Not Held
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