RE: Cross-Promoting Stacker Communities : Aussie STEEM Coins are SENT
Great post (as always) B.
Most certainly just a question of WHEN mate?
There is a reason our banks are trying to offload as many divisions as they can... Westpac selling down of major stake in BT; CBA sells CommInsure with its wealth divisions next to go; ANZ sells Onepath and is looking to sell its ANZ Share Investing (formerly e*Trade).
And it's not just what they are doing - it is what they are saying:
Ian Narev CBA CEO said back in Feburary:
“risk of market volatility, and indeed economic shock, remains heightened”.
“We will continue to manage our balance sheet, and our expenditure, conservatively." (1)
The financial system is stuffed and our head bankers know it. They are preparing for a major SHTF event. And who will be left holding the bag... the superannuation fund managers who care about just one thing (FUM - funds under management). In other words... hard working Mum's and Dad's are going to get hammered.
And SirKnight is not talking about some girly hammer for knocking in thumb tacks. SirKnight is talking a 20 pound sledge hammer to the retirement nest egg.
'When' remains the question - but with S&P 500 trading at a $31 Shiller PE ratio - http://www.multpl.com/shiller-pe/ it can't be long now.
Glad to see you buying up silver in conjunction with SSG. There has always been a bond between our two great communities - glad to see it getting stronger.
SirKnight.
Thanks SK. This is a great comment! You should make a proper post out of this material. Very interesting stuff and I am sure that in your line of work you'd have some valuable insights.