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at least during the last gfc the govt paid almost :) everyone a...

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roysolder

2,590 Posts.

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21/02/20

17:19

Post #: 43078095
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Originally posted by mikeyjon: ↑

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Will we make 2500 tonight , gold rising and the aussie falling bodes well for holders of the precious metals .

The unfortunate thing about this is what the falling dollar means for the Australian economy . The retail sector is haemorrhaging now and being so reliant on imports means one of 2 things ,decreased profits or increase prices . Average Australia is already mortgage stressed or border line , so no consumer spending as job security diminishes . If the RBA cuts again sub 60 cents looks likely , government and a lot of corporate debt to be repaid in $US , not good , it will be death by a thousand cuts , or does the RBA make the bold decision to raise rates ,very painful but quick and eventually effective . Our current crop of leaders don't have the walnuts to make strong decisions ,to busy with their noses in the trough , a bit of a mess I would say .

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at least during the last gfc the govt paid almost everyone a cash amount to help them through.
Not nz, they just suck the blood from your veins.
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