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Bigyin

209 Posts.

1

27/02/17

02:41

Post #: 22920200
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Originally posted by junior101 ↑

National Acc. figures on Tuesday will give a meaningful insight as
to where the Aussie $ is likely to be heading...we all know what the
possibility of a second continuous neg.Qtrly GDP figure..means...
the media has been full of reports re..poor ongoing levels of Business
Investment/ie..costs of doing business..e.g power/staff,,etc.equals non competitive

The fact that economists continue to ignore that the Fed Govt is broke.
and continue to promote..the ongoing illusion that Oz is doing well..on
basis of Fed Govt. borrowing $100 mill./day. and issuing endless Bonds
to the Market....can only be good for the eventual
signifigant rise of Gold price in Oz dollars to well above current levels..

The Market has yet to come to terms with the fact that the massively inflated NON PRODUCTIVE
housing market has grown to be worth twice the value of the ASX..Listed Companies
that form the basis of general day to day operational cashflow /taxation for the Fed.
in order to provide much needed services

Clearly, out of whack..to all our detriment..a correction to restore balance..
definitely on cards...given the inevitability of .."the piper has to be paid"..
which based recent historical GDP growth..is out of question ....

Oz is stuck with being broke at a Govt. level.. that in end affects us all..

Cheers

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Hi J nafd here was I worried about BREXIT lol

NMI Price at posting: 1.5¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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