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Your comment "Cheap debt is the cause ...and is going to magnify...

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WildOne

199 Posts.

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28/08/19

17:47

Post #: 40202079
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Originally posted by ASXspecialist: ↑

"the RBA will keep cutting interest rate further" - that's quite an assumption. Care to back it up? Relying on the monetary policy of a reserve bank, which have absolute discretion as to what to do during a downturn, in order to determine whether to invest in a company, isn't the best approach.

Cheap debt is the cause of the upcoming global financial crisis and is going to magnifying the losses of the many companies addicted to it - so I wouldn't expect it to stick around much longer, or think it is a positive in this situation.

Heavily debt laden companies are going to suffer over the next couple of years.

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Your comment "Cheap debt is the cause ...and is going to magnify the losses..." suggests an ASX specialist you are not.
Longbetter is sensible to consider the course of interest rates when making an investment decision.

SDA Price at posting: 75.5¢ Sentiment: Buy Disclosure: Held
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