Worse Is Yet To Come?, page-26

Some here would argue that the worst is over?

For me, it's yet to come!

Why IMO? Here's 4 key reasons:
1. ASIC Enquiry: about to start, where it will end is anybody's guess; but it's highly likely to be ugly.

2. Murray Goulburn: the evidence is clear: the Board did not, and does not, know what's going on. So, neither does the market...and dairy farmers. But on evidence to date, far worse news on the horizon.

3. Bank(s) baulk on lending more money to fund Farmer Payments: The debt-debt cycle, and transference-from bank to MG to farmers etc, is insidious.

4. Farmers' Going to The Wall: sadly and regrettable. But many more will go.

DYOR