The Chinese government has about 1.5-2 trillion US$ dollars sitting around in foreign cash reserves. This from years of buying US debt/bonds and saving. Australians/US on the other hand have been borrowing piles of money and living on credit the last 10-20 years.
I'm not arguing with anyone in that they're probably getting a bargain. I'm just saying what makes OZ any more entitled to government money than many other businesses around the country.
The Australian had a front page article a few weeks ago indicated 100,000 Australian businesses were going to go out of business the next few years. Why wouldn't they be any more entitled to money?
OZL Price at posting:
$6.50 Sentiment: None Disclosure: Held
