CI1 0.00% 11.0¢ credit intelligence ltd

Avalanche of Defaults A coming!!

  1. 2,224 Posts.
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    Job Keeper is winding back in stages till end in ,arch, then we will see a massive amount of Bankruptcies as many are Zombies now as govt provides protection against this happening similar to the US housing forbearance but not foreclosures yet. Right now, the market thinks its all settling down as we go into next year, but this Virus isnt going anywhere and the first batches of medicine will likely fail with change or mutation. So this has got a long way to go and thats just the virus and then all the Debt which we had in Jan has been added to with printing and inflationary pressures to the currencies as even more stimulus is discussed and half the jobs never coming back.
    The next 5-10 years predicted recession was already in place before this virus was released from China, So Credit Intelligence is quiet right now as we are not seeing defaults yet, so the calm before the worlds worst storm.
    I fear worse than 1929 Crash in many ways. Buying in now and waiting this out is whats its all about, as most others cant see ahead to the reality of mayhem about to unfold. This time its World Wide and involves everything.....
 
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