you people are nuts!
banks are basically stuffed due to the new lending requirements, especially investor interest only loans.
Sydney apartment sale prices are in freefall and you have a Labor Govt in the lodge early next year that wants to curtail negative gearing!
on top of that, you have unemployment statistics in QLD going thru the roof and ironically, the wombat premier is recruiting people off the street as public servants to boost numbers, as long as they are only capable of pushing a pen!
ps- and of course you have the Franking credit fiasco when labor gets in, to be effective from 1/7/19.
this is the perfect storm- a mini OZ GFC if you like!
you see- the banks are on maximum payout divvy ratio at the moment to appease shareholder revolt, but
any wombat here on HC surely must be able to read the writing on the wall which is embossed in RED!
cheers and always here as support-crazypunter
you people are nuts! banks are basically stuffed due to the new...
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$31.92 |
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Mkt cap ! $109.7B | |||
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