4 people like this.

4 comment(s). Last comment by gray 2014-10-11 00:46

calvintaneng

56,429 posts

Posted by calvintaneng > 2014-10-10 22:02 | Report Abuse

VERY GOOD

STAY INVESTED IN GOOD COMPANY STOCKS

THIS BUDGET IS EXPANSIONARY & INFLATIONARY.

VERY GOOD FOR THOSE WHO INVEST IN HARD ASSETS LIKE PROPERTIES & SHARES.

VERY BAD FOR THOSE HOLDING CASH. WHY?

1) 20 CENTS RON95 PETROL INCREASE ADD 10% TO INFLATION

2) 6% GST MEANS INFLATION NEXT YEAR WILL ACCELERATE TO 16%. IT DOESN'T TAKE A ROCKET SCIENTIST TO READ THESE FINANCIAL IMPLICATIONS

3) CASH IN BANK AT 3.25% INTEREST RATE IS SUICIDAL TO YOUR FINANCIAL WELL BEING.

4) TTB WITH ALL HIS FEARS ARE DRIVING PEOPLE INTO THE SO CALLED SAFETY OF CASH - WHICH IS NOT SAFE AT ALL. CASH WILL CONTINUE TO BE RAVAGED BY HIGH INFLATION IN THE FORESEEABLE FUTURE!

noobe

77 posts

Posted by noobe > 2014-10-11 00:34 | Report Abuse

Who is Kris?

gray

1,158 posts

Posted by gray > 2014-10-11 00:42 | Report Abuse

The Age of Extinction

gray

1,158 posts

Posted by gray > 2014-10-11 00:46 | Report Abuse

EU tanked.

US tanked. rebound 70pts only. Nasdaq continues to tank.

Truly The Age of Extinction.

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