Oil below $20, page-5

I have same thoughts about this QE businesses with all over the world esp USA which is basically tripled bankrupt and living on goodwills of international nations. The thing is if we all print money at the same time(which is what is happening right now), the equilibrium is unchanged hence the show will go on for sometime.

there are so many bargains in the market right now, I will forgo OZ stocks ( which is always unexciting to me) to buy International stocks if it was not the poor exchange rate we have. I could see large quality companies selling below its NTA by 50% with dividend yields of 10%. The govts are pumping 2 trillion dollars so far to fix a natural cause, while these are all going to be short term issues. When the world returns to normal pace in 2-3 months, we will be even more bloated until the next correction. Nevertheless enjoy the ride.