TLS 2.12% $3.86 telstra group limited

The Australian economy is a lot weaker than expected and after...

  1. 913 Posts.
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    The Australian economy is a lot weaker than expected and after today's negative 3% wage growth and massive drop in consumer spending it is likely the rba will now cut rates, the rba is afraid of Australia dipping into a full blowen recession,

    It is my view, and this is purely my own,
    The banks are carrying a lot of negative equity i am talking horrifically under water, oil - coal - iron ore and then their is the fatefall miners who worked in these industries no longer making repayments and defaulting left right and centre

    None of these bad performing loans are yet to appear on the banks balance sheets which is of grave concern to me as I know for a fact in these rural mining towns up to 5 homes are surrendered or foreclosed, Im actually mid way thru an writing an article on this exact turn of events ~boom to bust Australian ghost towns.

    I believe many know this and will now flood into haven stocks such as tls
 
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