as the mass unemployment begins from midday today, how many...

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durmaz

1,581 Posts.

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23/03/20

05:51

Post #: 43638043
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Originally posted by theghostwithin: ↑

What economic models and data are you using and have you produced to verify your theory?

I understand many are not schooled in economic theory, but are naturally talented. That being the case and of this is you, how can you be sure that the leveraging of the world is excessive and that the leveraging will result in real wealth destruction?

I am not disagreeing with you but believe in opinions backed with details that are able to be confirmed.

I have been shorting the ASX and closed my short position with a 56% gain on Thursday. Look for the S&P to hit 2100 and research the malaria drug chloroquine that is reportedly now curing Covid 19 cases in Australia, the United States, Thailand and other countries. The recession is a health triggered recession of which will soon be moved from aad rampage to search for a vaccine, to a situation in which it is treatable and we focus on tracking, shaping and isolating the virus until it is manageable or maybe even no longer present in humans. I am telling you this as someone that was tellin people in September that Covid 19 was a serious health event (and that if it motastasises in a harmful way, we are all in trouble), and was laughed at by my taxi drivers, doctor friends and colleagues for being a doomsday theorist on the matter.

I still hold GEM and have held it for many years - they pay a good dividend and I believe are soundly managed. They have not suffered capital write-downs as a result of the lowering of Australian real estate prices. They lease their properties and simply close out when they go wrong.

Thdy have been investing in staff training and publicised the fact, so families can see they do care and want the best for their clients.

I do expect some challenges from their Singapore properties because of Covid 19 but they have taken steps no other provider I am aware of and are using Zoono - it is a differentiator, they are educating families about it and how to keep their kids safe (full disclosure, I hold positions in Zoono and use the product personally and in my property business). G8 are adding value to counter any potential reduction of custom due to families working from home.

The Australian and Singaporean market may see retracement, G8 may lose custom - but you can be sure it will be measurably less so than the competition. And when the competitors that had fixed capital costs have gone under or over leveraged on debt to stay afloat resulting in lower dividends, less reinvestment in the business and its' people, G8 will have potentially stood strong ready to take a disproportionate slice of market share and can do so rapidly because they lease properties - this can be done faster than scoping out properties that need to be bought and sold.

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as the mass unemployment begins from midday today, how many children will be pulled from childcare as the service is no longer needed.

this damage that's being done to the economy will be here for a few years, your dreaming if you think that in 6 months time everything will go back to normal.

many iconic businesses will be gone and those that are very strong financially will gobble up the weak and get larger at the end of this.

I hope gem has plenty of money in the kitty as their is a tsunami that's hitting our economy.

the greatest depression the world has seen has begun.....good luck

Last edited by durmaz: 23/03/20

GEM Price at posting: 67.0¢ Sentiment: Sell Disclosure: Not Held
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