by stockboardasset
Well, that is certainly not the narrative of what has been pitched by the mainstream… According to Yuan Talks, “IronOre price expected to drop 20% in 2018 to US$51.5; decline further to US$49 in 2019, according to the latest research by Mark Cully, chief economist of Australia’s Department of Industry.”
Iron Ore Futures on Nymex shows a lower high in construction.
Bottomline: Should we prepare for a slowdown in China for 2018 time period?
Chinese banks’ balance sheets are another vulnerability and an ominous sign for 2018… cc @MarkYusko pic.twitter.com/qp6ZlN4AyV
— Alastair Williamson (@StockBoardAsset) January 6, 2018