something else to consider is the fact that the company insolvency crunch is also about to land - remember the simple fact that taxation law was repealed for 6 months to allow businesses and companies to trade while insolvent during the period of covid fiscal stimulus - normally of course bankruptcy must be declared and trading halted immediately....the cliff for such declarations and following revenue write downs is also September......business is not back to normal and you can expect a 30 to 40% declaration rate leading into the Dec Jan industry shutdown.....it normally takes 2 to 3 months for these business to finally accept there is no solution and then they go to the wall.... going to be very nasty.
watching with interest
$8 Party, page-522
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