Thats what 99% thought at the start of the year! Even though a new Virus was creating havoc in China. Now US markets are setting new highs! US debt has soared. Much of that debt has been spent directly on the Markets. More troubling is that China's debt has soared even more than America's. Our Market is soaring on the back of American Markets and Iron Ore prices. The latter is about to cripple us!! Worse than the pandemic!! China has already hinted(2 months ago) that they are considering ceasing imports of Iron Ore for 6 - 12 months to force the price down. Their economy is struggling and they have issues paying their debt in $USD. Their plan with Iron Ore is to ship the large stockpiles at the ports to the largest and most efficient steel mills in the Country and focus on production. Most of this is for internal growth. They simply do not need any more iron ore at this time. They are focusing on developing new supply chains with Brazil and North Africa. China is investing heavily in these new supply chains. They will not need us in 5 - 7 years. We have allowed Trump to use us for too long. Now we pay the ultimate price!
