Triple from 2c will get many of us only to our average. Hardly a win.
True, PMs have not been behaving the way theory and history over millennia say they should have. To have PM's go down when inflation rockets is...odd, to say the least. To have it stagnate as the money supply is massively boosted is also strange.
But the bleeding here is mostly self-inflicted, IMHO. Self-induced ambiguity from management, in the current climate? Of course people will take their chips and seek more certainty.
The amazing thing is how far out from the cliff edge we all got before we looked down and realised the dozen layers of compounded risk enveloping the globe right now.
My riddle is: What do these people (management) do with their time? Why is a simple update about changes to the plan so hard to produce? True, PR seems to get inordinate attention, but a little actual admin might restore confidence in rattled investors. I recall we were waiting on approvals, and after that the roadblocks would be clear. Well, what is the current roadblock? Because it still feels like we are in idle, long after the approval.
GLTAH. DYOR.
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