Joecar, Sabretooth et al,
I lack your economic intellect but I think I still have common sense. This tells me WES will hit $20 before the end of the year which is completely at odds with your $10 stonedrop.
I base it upon the following:
1.This unprecented global economic meltdown is outside comparison previous experience eg. the Great Depression due to the mesh of globalisation that has created a new economic moduc operandi that has simply never exist before.
2. At lot of this mess is due to the inferior intelligence of George W Bush and the poor economic management strategies of all of those around him that he was listening to. New era is about to unfold; a wise, highly intelligent, but modest and non-egocentric leader with the ability to dig out of the mess, listen to ALL those around him, instill CONFIDENCE, and in short moral terms, put the welfare of others ahead of his own mortal desires.
3. Times will toughen, of course. Basic will replace luxury, over-indulgence for most. WES targets (no pun intended) basic.
4.Fear and panic thresholds have just about hit the max. It's now too late for most, rich & poor, to bail out. Retention is bubbly to the surface as the best option.
5.Overall, Australia is not badly placed to ride out the storm. A full-blown depression may not even hit the mainland.
6. The process, as the dust settles, of analysing how this got so bad, cruxifying a few along the way, and evaluating the best strategies to ensure impact minimisation in the future, is yet to begin.
Have a good day,
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