#repomarket — Public Fediverse posts

6/7

Also, there's a complete omission of metals also:
https://web.archive.org/web/20210202064516/https://www.abc.net.au/news/2019-06-21/how-do-i-invest-my-money-house-car-or-stockmarket/11061648?nw=0

The timeline is significant. All the above acticles were published in the months prior to September 2019. In September, banks stopped trusting each other in the #OvernightLendingMarket. In order to prop up the market billions per day had to be pumped into the system (see #repoMarket scandal). 6/7

@thor
Correct. Over time things will become clearer.

What we know is.

In Sept 2019 #banks were not trusting each other in the overnight market (#repoMarket). Many credible pundits were waiting for a crash.

Throughout Jan 2020 #newsOutlets (incl. #RT) were almost overhyping #coronavirus. To most viewers it probably seemed a problem for #China. Also after congresspersons were briefed about it, divested from #shares and #realEstate.

The crash wiped out many #passiveInvestor's #pensions.

1/3

#Australia's PM is wrong. The virus did not "cause" an economic crisis, it may have "triggered" the #economicCrisis bit it definately did not cause it.

The #StockMarket is a 'house of cards' and every sensible, thinking person in late-2019, knew this.

The virus is the perfect #scapegoat.

We were talking about the #repoMarket and over-speculation for months before the crash.