Funny you say that about the housing market and the banks because that's the point I made yesterday but got moderated (for being off topic, clearly it isn't).
The grotesque war on China announced this week (now freaking out Chris Ellison and every mining chief in Perth now bracing for the shit storm) doesn't just destroy our iron ore industry it will also take down our housing market aka mother of all bubbles (built on insane level of household debt) and superannuation (mining companies and banks make up 60%+ of the ASX MC).
Sadly, Wed 16th Sep 2021 IMO will mark the end of our economic prosperity and it never had to be like this.
Will fmg survive iron at $20 ton., page-24
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$19.41 |
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| Open | High | Low | Value | Volume |
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| 3 | 32185 | $19.38 |
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