Remember that last year US consumer spending was based on a negative
savings rate of 1% - i.e. based on redraws from rising house prices.
That has now ended. As the US economy slumps the demand for Chinese
goods will fall. This will burst the "parabolic" Shanghai stock market
bubble and lead to a fall in demand for Australian commodities since the
US consumer is still the driver of world consumption = goodbye world
economy.
goodbye world economy
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Last
$61.37 |
Change
0.630(1.04%) |
Mkt cap ! $11.89B | |||
| Open | High | Low | Value | Volume |
| $61.07 | $61.45 | $60.90 | $19.69M | 321.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 30000 | $61.33 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $61.39 | 432 | 2 |
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| Last trade - 16.10pm 04/07/2024 (20 minute delay) ? |
| ASX (ASX) Chart |