RE: THERE ARE NOT9 Jun 2020 10:07
The recent false rise... as I put it... in the last week is just a bounce from rock bottom... just purely up on false sentiment that the Gov is pushing that all is good and the economy is bouncing back... its all bo l lox as none of the economic effect has been felt yet and wont be until the end of the furlough scheme when companies really start laying off their staff and the jobless numbers climb into the millions again, banks will be casing unpaid loans & mortgages not just from individuals but from large companies...Oil will be on the back foot for ages as most firms are unprofitable under $40bucks a barrel and OPEC wont extend the cuts for any longer...flood the market and we are back to $25pb pretty sharply...