FMG 1.91% $21.62 fortescue ltd

Iron ore price, page-16884

  1. 4,202 Posts.
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    There is a hell of a lot of ignorance around this number

    China is 4 times the size now of what it was in the year 2000 and is the 2nd biggest economy in the world

    The rate of growth at 6% is roughly 4 times more dollars now than what it was at 7% in 2000

    The % cannot keep growing by 7,8,9,10% every year

    Journo's and misinformed punters that use the % number to spark fear are simply not understanding the compounding growth
 
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