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Tuesday December 31 - Goodbye sweet 2019., page-6

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Chartsshout

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31/12/19

11:25

Post #: 42174313
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Originally posted by avagadro ↑

RBA trying to play coy and pretend all is good and they won't drop rates but everyone knows the economy is tanking due to the property bubble in Oz. They will most definitely cut rates further and QE, sending a clear confirmation to the market that "yes, everything is crapola"

Lifting rates would send a hugely positive sign and increasing lending again, but Australia and the big four banks are too deep in mortgage debt to support such a move.

The ASX should present an excellent opportunity for returns in that context as money seeking yield hits it.

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All coming on our screens next year for sure.

XJO Value at posting: 6,715.4
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