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Cash is the king
The second GFC is coming.
The stock market and housing market are gona collapse.
It will be worse than 2008/2009,as
1. Government can't offer first home buyer benefit again
2. Too many wealthy and middle class have bought more than 2 or 3 properties, most of them are in deep trouble of paying mortage.
3. Aussie dollar is very high, foreign investors are selling properties,and converting cash to other currencies.
In the near future, reserve bank will decrease rate, but cannot save retail, realestate and stock market.
Now is time to survive, cash is the king. |
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