The majority of people are either blissfully unaware of or dismiss the prospects of another (and more severe) credit crisis. Believing you can solve a debt crisis with more debt is nonsense. The global economy is geared for growth, so a marked slowdown in economic activity will impact the very heart of the system…the banking sector.
But wait…who are the bad guys? And why do we care? Bad guy theory (BGT) was developed, by us, to make fun of those who think people can be so clearly divided, between good and bad. True or False. Us versus Them.
Core Lithium’s shares skyrocketed 11% early Monday, then settled around 7% as shareholders celebrated better-than-expected MRE results at BP33.
So far, so good. Both the rich (investors) and the not-so-rich (the middle class) are getting scalped. Sooner or later, we think, the real massacre will begin… and the Fed cavalry will, alas, come to the rescue…like Custer to the Little Big Horn.
Lithium-age contender Anson Resources has risen by 2.5% in share price earlier on Monday. The miner provided an update on brine flow at its Green River Project, with pleasing findings similar to Paradox.
ASX edges higher on busy week ahead for central bank releases. RBA meets Tuesday and Philip Lowe speaks at AFR Business Summit on Wednesday.
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