Many economists have predicated a downturn,the very same ones bar a few that all mist the so called credit crunch.Funny as most work for banks who was the alleged source of the cause of the credit fiasco.BHP earn 22 billion last year,allowing Hanglong or the Chinese govt to steal Sundance at this offer 50c,taking the monopoly of RIO,X-STRA ,FMG for pittance seems extraordinary.I believe this is a long way from over,with the big 3 not allowing the Chinese to control IRON ORE PRICES.One realizes if the Chinese did control IRON PRICES how much they would decimate the price for the greater good(themselves).Hold- tight.
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