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On another matter the Fed raised rates by the predicted .75% however put an unexpected sting in the tail by lifting their predicted upper target range by close to 1%.
As this sunk in the positive movement on the US markets faded away. Luckily we have a public holiday here so the US markets get a second chance at giving a positive signal to the ASX to close out our week.
Puto continues to weigh on the world but I cannot but have sympathy for the 300,000 Russians being called up. Assuming the reports we have had about the age and quality of the weapons and body armour being used by the troops already in Ukraine it is hard to believe Puto’s statement that they have plenty of weapons ready to use. I personally expect these 300,000 reservists to be virtually naked from a military perspective, poorly trained, lacking leadership and will be nothing more than cannon fodder. So many will die needlessly unless Russia comes to its senses and reigns in Puto.
To believe otherwise is to believe that the regular troops sent to Ukraine at the beginning were given all the old out of date equipment and the modern weaponry was held in reserve for the untrained reservists to use.
Anyway the point is this 300,000 will not in my opinion cause a quick resolution of the war and it is more likely to be ongoing into 2023 and continue to weigh heavily on the worlds markets.
The disclosure that the Australian Government has an extra $50 billion in revenue as a result of Puto creating demand for our resources and increasing world prices is as I predicted.
We will likely see that demand continue into 2023 despite Government claims to the contrary so an extra $50 billion plus will also flow over the next 6 months.
Remember Brainchip has no debt and none of the above have changed a single thing about the Brainchip investment thesis.
EXCEPT that intelligent drones are proving essential in modern warfare. Sadly Brainchip has a way to make drones incredible.
My opinion only DYOR
FF
AKIDA BALLISTA
As this sunk in the positive movement on the US markets faded away. Luckily we have a public holiday here so the US markets get a second chance at giving a positive signal to the ASX to close out our week.
Puto continues to weigh on the world but I cannot but have sympathy for the 300,000 Russians being called up. Assuming the reports we have had about the age and quality of the weapons and body armour being used by the troops already in Ukraine it is hard to believe Puto’s statement that they have plenty of weapons ready to use. I personally expect these 300,000 reservists to be virtually naked from a military perspective, poorly trained, lacking leadership and will be nothing more than cannon fodder. So many will die needlessly unless Russia comes to its senses and reigns in Puto.
To believe otherwise is to believe that the regular troops sent to Ukraine at the beginning were given all the old out of date equipment and the modern weaponry was held in reserve for the untrained reservists to use.
Anyway the point is this 300,000 will not in my opinion cause a quick resolution of the war and it is more likely to be ongoing into 2023 and continue to weigh heavily on the worlds markets.
The disclosure that the Australian Government has an extra $50 billion in revenue as a result of Puto creating demand for our resources and increasing world prices is as I predicted.
We will likely see that demand continue into 2023 despite Government claims to the contrary so an extra $50 billion plus will also flow over the next 6 months.
Remember Brainchip has no debt and none of the above have changed a single thing about the Brainchip investment thesis.
EXCEPT that intelligent drones are proving essential in modern warfare. Sadly Brainchip has a way to make drones incredible.
My opinion only DYOR
FF
AKIDA BALLISTA
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