counterparty risk anyone... the closer we are to parity the less the price bounces... why a country with a population of 26,790,000 people would engage in such a risky exercise is... well.... from another Aussie
looks like they will stick with it for a while though... despite commodities revenue up... or maybe they know the flow through inflation in consumer goods once our "ore" has sailed and come back as value added products will have a massive inflationary effect on the Australian household... we already have it in the housing sector... from the stimmy side and the raw materials side.... runaway inflation some ?????? (we know what happens when they try to cool things down) look out anybody that has overbid on AU property in the last 4 months.... plenty of hurt... or more
silver lining... the government(s) of Oz (also the world) will need cheaper more effective health care, which will require novel treatments... some Lag-3 therapy perhaps... mRNA science that has actually been tested and evaluated... FreddyT... pandemic anyone.....
coming full circle, to a circle near you soon....
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