The coming recession is going to be brutal.
We always have economic booms and bust its simply a function of removing excesses in the market and the termination of companies who serve no real purpose or offer a rewarding investment proposition.
Despite painting itself as a financial disruptor it has really morphed into nothing more than another credit card provider that offers exorbitant rates largely for non essential items.
This recession will simply be deeper and elongated than previous because the Covid fiscal stimulus was unprecedented.
I was talking to a friend of mine who has had a Lotto outlet for decades and he says typically in a recession his takings would go up, but for the first time ever in the $100 million draw takings were down a whopping 30 percent.
Chatting to his customers they buy and large state they have used all their savings and are completely tapped out.
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Last
$3.14 |
Change
0.010(0.32%) |
Mkt cap ! $4.053B |
Open | High | Low | Value | Volume |
$3.10 | $3.20 | $3.10 | $41.92M | 13.28M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 14000 | $3.14 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.15 | 73084 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 14000 | 3.140 |
5 | 43474 | 3.130 |
5 | 98873 | 3.120 |
3 | 34770 | 3.110 |
7 | 116400 | 3.100 |
Price($) | Vol. | No. |
---|---|---|
3.150 | 13598 | 3 |
3.160 | 64856 | 7 |
3.170 | 24006 | 3 |
3.180 | 117949 | 8 |
3.190 | 81023 | 12 |
Last trade - 16.10pm 25/07/2025 (20 minute delay) ? |
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Frazer Bourchier, Director, President and CEO
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