I hope you are right for the sake of the investors out there.
I heard from a friend (high position) who works at RIO saying that the rise in iron ore price is a temporary bounce, no fundamental changes in demand and they are still resuming their job cuts.
The economy is very fragile, the debts of household are at record high, Perth government has big amount of debts which can't be patched up, salary is frozen and no end to job cuts and spending cuts.
It is just a matter of time before it all crashes.
