Nothing has changed, there are 6 billion people running around who want houses, freeways, oil rigs, ships, cars .....
There is a bunch of highly leveraged people running around like chooks with their heads cut off getting slaughtered - life can be tough when you owe people money.
The sell down in the Australian Dollar is staggering. It is the $US that should be in the toilet, especially when they start up their printing presses to get the 700 billion package going.
Get as many assets denominated in Australian Dollars as you can and reap the rewards later.
Scoop as many UMC up as you can. If you survive this you will come out the other side much stronger.
Chinkiat
UMC Price at posting:
68.5¢ Sentiment: Buy Disclosure: Held