we are down because the market loves every or any opportunity to destroy the FMG share price.
RBA's BS rate rise (which isnt going to do shjt to stem inflation but I guess you have to start somewhere) is the cause I would say.
Monetary policy should have NEVER ever been allowed to be exhausted in Australia (going to zero) Massive mistake. Lucky we didn't go negative because once that would have been put in place it would have never ever left. imagine paying the bank to hold your savings. And dont worry they wouldn't ever honor the negative rate on borrowing side...trust in that.
What these fools learned in Economics school unfortunately doesn't work in the real world.
"But my book says I have to cut rates!" - RBA
SIGH what a mess. Houses are beyond retardedly priced and without a mega crash they always will be. If you don't already own, or arent born into wealth....You are absolutely screwed.
News: FMG Australian shares flat ahead of potential rate hikes, page-5
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Last
$20.35 |
Change
0.210(1.04%) |
Mkt cap ! $62.65B | |||
| Open | High | Low | Value | Volume |
| $20.41 | $20.76 | $20.26 | $183.4M | 8.943M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 2123 | $20.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.36 | 4581 | 2 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |