Typical bull argument that the past is different and IO shouldn’t fall to its long term average. Evergrande is on the verge of collapse and Chinese property may tank severely for a decade like what happened to Japan. Excessive house construction tick, excessive prices tick, excessive debt double tick, aging anti immigrant population tick. Hmmm looks the same as Japan. Remember Japan too was once the 2nd largest economy which was going to overtake the US. It shouldn’t fall to its long term average but below to make up for the boom years.
Iron ore price, page-39742
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$16.13 |
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Mkt cap ! $49.66B | |||
| Open | High | Low | Value | Volume |
| $16.23 | $16.47 | $15.93 | $188.9M | 11.29M |
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| No. | Vol. | Price($) |
|---|---|---|
| 4 | 3323 | $16.13 |
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| Price($) | Vol. | No. |
|---|---|---|
| $16.15 | 750 | 1 |
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