Passive....just wondering if the OECD predicted the GFC?
Also wondering if they see the dramatic slowdown In China from 11% to 8.1% as an indicator of slowing growth?
In the last few days I read a report that stated that lending by the major banks has dropped through the floor over the last month. (unfortunately I can't find a link to post. can someone else help?) I doubt the OECD had time to consider these very recent developments.
The mineral industry is looking quite different than a few years ago in fact a little shaky. Supply is meeting demand and IMO will exceed demand over the coming years...the flow on effect will be dramatic...Perth would be the last place I would invest....Booms come and booms go!
