Welcome to stagflation peeps, high inflation, low productivity and low growth. It’s amaaaazing hahahahahaha. The US economists keep saying it’s transitory and I keep saying there is no historical precedent of inflation being transitory without either interest rate hikes or a market / asset crash. Eggs on their face lol they keep repeating something with no evidence proving that your average economist is just a high paying court jester telling tall tales. Iron ore falling in a high inflation environment is even more amusing, it goes to show how overvalued the asset class was.
Iron ore price, page-40468
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