2.5 years of high inflation - the price of capital must be higher than before
all businesses have prepared for last 2.5 years to avoid disaster due to too much debt
all businesses have hardened themselves,
only the best survived
the rest went under
the rest already starting to get replaced
the left overs gaining monopoly, market share
picking up bargains, buying out the other businesses for dirt cheap, about 18 months ago
any large stack of margin to be called, would have already been called back in Feb/Mar 2020
as if businesses, traders or investors alike have armed themselves to the teeth with margin, who the hell would do that over the covid period? everyone has been scared for years
all indicators are at their worst, but the worse they get the faster and harder the rebound is,
exchange rate AUD-> USD terrible
consumer confidence terrible
direction (up) of interest rates is terrible
inflation is terrible
businesses are back to making money
war on the horizon, but that means all men in boots and feet on the ground, production on insane levels is inevitable
if your country does anything other than mass production, you get smashed in war
most importantly, my friends, the 95%, the vast majority, can never be correct, almost by definition
