The iron ore price is now under $100.00
Tesla down >3% on Friday but its nemesis China also has big problems.
Most of you know about the huge property developer problems in China but you may not know that China also has big Office Property problems as well.
China being a command economy can do things to try and fix things the west cannot such as forcibly get prior wages repaid back from some years ago in order to save a banks balance sheet......
And just to confuse you here is a confounding stat>
Total nonfarm payrollemploymentrose by 303,000 in March, and the unemployment rate changed little at 3.8 percent, theU.S.Bureau of LaborStatisticsreported ...
No doubt those jobs are keeping the illusion of economic health going but the real story is found in the debt and repossession figures >
25 Feb 2024—Overall, US household debt (including credit card balances) rose to a new high of $17.5 trillion in the fourth quarter, up 1.2% from the prior ...
The iron ore price is now under $100.00Tesla down >3% on Friday...
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