Quote:
Originally Posted by Polyal
For now, alot of people are about to be burnt unless Gov dishes out cash until a vaccine comes. If thats the case then all bets are off, this country has no investment risk.
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Yep, won’t be long before people start realising that their super forecast needs to be severely truncated and may even need to be drawn down on heaps earlier than planned and their expected cash flow shrinks by 50%
If you still owe a lot of money by the time you need to draw down then you’re really farked...
As it stands right now any cash flow needs to be diverted urgently to debt minimisation and not on discretionary spending. GovCo will bail out of payments in March next year with no clear line of sight to what a recovery will look like as the situation is too fluid and at risk of spot restrictions every couple of months.