Thanks for the article, if this is the case, we are on the cusp of a major credit crunch since banks cannot lend. I got this feeling there is going to be some bank failures in the US, stock market crash, followed by higher unemployment and then deflation. Signs are ominous, and economists are warning the Federal Reserve to stop the rate increases - but the intention to sting the economy is obvious and intentional. We may then see a reprieve in the interest rate giving rise to a new economic cycle. The next 12 months this will all unfold. Hold onto your shirts but the likes of MGX no debt and growing cash may give rise to acquisition opportunities moving forward.
MGX Price at posting:
41.5¢ Sentiment: Buy Disclosure: Held
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