I agree with you - I just don't see how any of the big 4 banks are a good investment at this pricepoint. Aus is stagnating, productivity is down, unemployment will begin to rise in 6-12 months; then rate cuts will accelerate, money printing will begin again, and lending standards will relax - increasing debt...yet again. These banks are priced as if Australia is a high performing economy...... it is not. I just don't see value is all.
WBC Price at posting:
$32.45 Sentiment: Sell Disclosure: Not Held
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