or NOT. He was referring to les événements of '68As Chou En Lai said when asked about what effect the French Revolution had on Chinese politics.
"Its too early to say"
https://www.scmp.com/article/970657/not-letting-facts-ruin-good-storyRichard Nixon's translator was there in the early 1970s and now decides to put the record straight. At a recent seminar in Washington on Henry Kissinger's new book, On China, Chas Freeman said it was a misunderstanding 'too delicious' to correct.
This synopsis by the RBA, gives a fairly good account of the GFC and the effect on Australia. I posted it in another thread but may be worth re posting here. The stimulus was nice, it did look good, but it wasn't what saved Australia's ar$e.Probably worth reading the Treasury report to understand their thinking and the outcomes they achieved.
Australia manged to avoid prolonged recession and the worst fallout from the GFC.
free float currency, (no EC). Still 300mill rural poor to migrate to cities. Banks are really big building societies (CDwhoa's). Debt is a worry though... we would have been another Greece.
Or another Italy in the making....if China hadn't gone into balistic overdrive building 'empty' Cities and if the Government wasn't debt free and running a surplus, we would have been another Greece.
Cicada trading for me. Underground for over a decade, then noisy as all hell for 2 weeks.A few nice beers.
(And have them in the quiet part of the garden).
But, sitting with $40mill from recent raise, no debt, is GSS, whose proprietary platform technology, 3Base™, they claim, is able to detect Covid-19.Anyone on any small caps that were looking good
Cheers DMarket seems to be punishing everything. And, in minnow-world, especially those with no cash flow, or high debt levels and the like.
But, sitting with $40mill from recent raise, no debt, is GSS, whose proprietary platform technology, 3Base™, they claim, is able to detect Covid-19.
Up 2%, but with a gap, on a down day (probably because Thorney TEK mentioned it and their PR machine got a plug in a national daily)
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Anyone on any small caps that were looking good
I'm getting ready for distressed assets sold for cheap. Hopefully it won't come to that and this thing sorts out before.It might be days, it might be months or it might be years, but at some point this market is going to offer a tremendous opportunity for those who are good enough to take it.
It might be days, it might be months or it might be years, but at some point this market is going to offer a tremendous opportunity for those who are good enough to take it.
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