Mike, would agree with that, IMHO China will need a big stimulus package otherwise Europe, UK & the EU will overtake them. The old saviours from the last 2 centuries: Opium & 2 world wars won't save the Chinese economy this century. Big stimulus required from PRC to save them, if big enough it might save BHP's SP IMHO but pls DYOR. High grade ore not the low grade garbage is what the Chinese should want.
I think BHP's strategy on iron with RIO & oil with O&G producers was gutsy but a bit silly & now it is coming unstuck. Offloading South32 is a start but BHP might hope that Glasenberg & Glencore move from RIO onto BHP & the new entity. Consolidation beckons for prices & profits to recover IMHO.
BHP Price at posting:
$29.38 Sentiment: Sell Disclosure: Not Held
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