My macquarie adviser showed me 2 charts prepared by their strategy team of previous US recessions through history and the impact on commodity prices. The impact has been so different when the US was in recession while you had a catalyst such as an emerging economy developing. From memory, it showed had the emergence of Japan and the US falling into recession actually saw commodity prices continue to rise to higher highs.
It basically reinforces their view of resources delivering exceptional growth in 2009 on the back of the china industrialising story.
My macquarie adviser showed me 2 charts prepared by their...
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$39.19 |
Change
-0.360(0.91%) |
Mkt cap ! $198.8B | |||
| Open | High | Low | Value | Volume |
| $39.55 | $39.91 | $39.02 | $207.4M | 5.265M |
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| No. | Vol. | Price($) |
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| 1 | 400 | $39.18 |
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| Price($) | Vol. | No. |
|---|---|---|
| $39.20 | 566 | 2 |
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| BHP (ASX) Chart |