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21/03/20
15:37
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Originally posted by Pointyfigures:
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Hi Doc Here is my CONSERVATIVE counter prediction. In 6 months time: Minimum 20% unemployment Housing prices down at least 30% Inflation at least 10% Markets minimum time to recover - 5 years. Electricity prices down 25% Super funds able to be drawn down if over 40 or over $500,000. Might even be mandatory. Ask Zimbabwe, Venezuela or Argentina the cost of printing money. I suspect you are quite young, having never seen high unemployment, a recession or high inflation. Otherwise you would remember the causes. There will be sectors and industries to invest in, even now and not just gold. All comes down to timing.
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Here's mine unemployed 10% property 30% inflation ( official 5%, real 15%) electricity UP 5% superfunds down 30% and some wont be able to get their money EVER crazy times. cash banned tradies selling their shinny utes no more $20 breakfasts.