there is a factor here that everyone is missing, the word recession strikes fear into the minds of all who have a share portfolio or if you have a mortgage and need employment, and so the picture of a trader on the floor staring at the screen with a stressed look of constipation on the face isn't a new image it's been played a lot over the last year, and everyone is calling for the worst depression we have had in eternity. Some love the drama.
But there are a few key differences even with the housing depression of 2007 compared to now, the world population in 2007 was 6 705 946 610 and the world population in 2021 was 7 877 485 376 which means since 2007 there are 11 715 387 more people in the world and I know that projection for 2022 is over 8 billion people and people need to eat and shop and consume to reproduce and if the population keeps getting bigger it is good for a company like ZIP in the credit sector that will keep making a great profit as populations all have wants and needs, and some places like Australia seem to endure these depression-like times seemingly better.
look at the Covid pandemic I see lots of people out and about shopping now, no masks. no restrictions and the ones who are sick with covid are not a large % of our population at all, it's our health system that needs to cope better with the rising population, Australia has had a large intake of immigration over the last 20 years.
I disagree with the doomsday squeezy notion. It's just supply and demand and ZIP doesn't have a lot of competition anymore, I think we are onto something good if you buy and hold LT.
ZIP Price at posting:
$1.03 Sentiment: Buy Disclosure: Held
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