A2M 1.96% $6.77 the a2 milk company limited

@h00ts@SmugLexAs a millennial having no experience in economic...

  1. 427 Posts.
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    @h00ts
    @SmugLex

    As a millennial having no experience in economic recession, more so with depression, I have spent most of the month cashing out all my wealth.
    Felt pity for bank branch managers and tellers having to physically count the notes...

    This is as I wondered how far the $20B per ADI can go when the greatest depression hits.
    Just by looking at the big 4, total deposits are already beyond $2.3T ~ hence only about < 4% are covered.

    Made me rethink midway through the cashing out episondes that I might just have left most of it in A2M than going around banks everyday to cash all out.

    However, when bank runs occur, I can sleep easy.

    Stay safe everyone.
 
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