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Recession impact, page-36

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freshtesh

594 Posts.

110

06/09/20

22:18

Post #: 47128288
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Originally posted by Nolan78: ↑

800,000 families will likely be kicked out of their rental apartments soon and on to the street.
Its why Australians are in save mode like never before.

For the first time since records began Aussies are saving more than they are spending.
They fear job losses.

Jobkeeper/seeker gets cut back on September 28 from $1500 a fortnight to just $1200 a fortnight
and many saying they simple won't survive, period and go under.

Then come January it gets slashed again down to $1000 a fortnight. Start seeing a major problem now.

The un employment rate is at the highest for 100 years so less money to spend.
Already starting to see this.

We are in a depression now, not just a recession.

Its going to get a lot worse than many in here think it will.

You like so many are probably scared and don't want to face what is coming.
I will clear out and come back at a later date when the price is far lower but might not be back for this stock.
I see real problems going forward now.

The only safe stocks are iron ore. Rivers of gold and massive dividends.

So I will wait until Monday before deciding to sell out of everything and then watch an almighty crash.

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ok boomer....

Z1P Price at posting: $6.76 Sentiment: Buy Disclosure: Held
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Last $1.85		Change 0.070(3.94%)		Mkt cap ! $2.335B

Open	High	Low	Value	Volume
$1.81	$1.91	$1.80	$45.22M	24.24M

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No.	Vol.	Price($)
1	7500	$1.84

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Price($)	Vol.	No.
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17	303586	1.820
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Price($)	Vol.	No.
1.845	211147	7
1.850	219122	7
1.855	139323	3
1.860	291913	5
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