Just came across something that could push BHP down to the long term average price ie about $11
China's debt
from am today
MICHAEL PETTIS (prof of finance at Peking uni - good uni!): The problem is that so much of this investment is going into empty real estate, empty highways, empty airports, unnecessary manufacturing capacity etc that we're in the position and have been for many years where debt is rising more quickly than the ability to service that debt.
So that's the conundrum they face - if you want to bring this problem under control, you have to bring investment down and if you bring investment down, growth rates will slow very, very sharply
check out the story here
charting bhp - april 2013, page-16
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Last
$42.70 |
Change
-0.380(0.88%) |
Mkt cap ! $216.5B | |||
| Open | High | Low | Value | Volume |
| $42.91 | $43.15 | $42.66 | $398.1M | 9.282M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 16374 | $42.70 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $42.73 | 600 | 1 |
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| BHP (ASX) Chart |