+2 Get your AUD into USD or GBP while you can. Those 50/50 GBP coins seem like a nice little hedge. Not to mention BC which is showing massive weekly, monthly Growth and is pegged to the USD.
AUD will crumble before the USD. I remember the days of sub 50c USD. We've been there before and could easily visit there again.
What was the current figure of debt $34B and growing With the decline of the $ it will become even more expensive to service the debt and without any drastic change like an increase in GST the mind boggles as to what this figure could blow out to next year Sub 60c I'm picking
It gets worse. If global interest rates were to rise then the cost of servicing that growing debt gets far worse.
They should have jailed those bankers during the last GFC ... they have continued to commit money laundering, tax evasion and massive fraud ... it is amazing anyone still trusts the financial system ...
Just posted the same thing. JP Morgan is bearish sells sell stocks into rallies http://www.marketwatch.com/story/bearish-jp-morgan-says-sell-stocks-on-any-bounce-2016-01-11
Don't worry fellow stackers, the blue team are the best of the best when it comes to financial management when dealing with the old guard of capitalism but now the corporations rule the roost...Derivatives will be safe if and when there is a bank failure(new bail in laws) ..Depositors and shareholders last in line. Hide your cash but where? Regards Errol 43
I was contemplating doing similar. Take the capital loss (you can later offset) and ride this one out. But it would be an emotional panic move.
If its going to happen anyway, you want to get out early before the rush to the exit. Its what RBS meant when they advised clients to sell everything now and said "In a crowded hall, exit doors are small".
winning by not losing ? I also decided to put my house on the market and lock in the gains it's seen over the past 8 years I've (the bank) has owned it. take the chips off the table and ride this one out.