In China, history repeats itself

Posted: May 15, 2016 in Uncategorized

Last year the great Chinese stock market blew up. As I told a few months ago the same money went into commodities trading.

Now history is repeating. The government put some brakes on…but there is no substance in the rally and iron ore already collapsed from $70 in April to $55 with strong repercussions on BHP and Co.

If you did not see it coming as I did it, you are in good company. The Australian Budget model is based on iron ore at $55. And it is already failing.

My issue is why we pay those consultants so much, when the Budget model fails in a few days where you just needed to google it to understand what was happening?

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