But is there really going to be a round two? Well, if the first incorrect assumption was that Australia didn’t have a bad debt problem, the second assumption is probably even more dangerous. It’s more dangerous because it’s the single most unexamined assumption behind much of Australia’s economic prosperity. The assumption is that we’ll always have China.
March 18th, 2010 | Dan Denning | 30 comments | ContinuedAll Posts Tagged With: "australian iron ore"
Australian Iron Ore Shares on China’s Menu
Are you getting dizzy yet trying to keep track of all the takeover activity in the Australian iron ore market? From the big fish to the little fish, all of fishes in Australia’s resource ocean are on the Chinese menu. Hao, our guide to our first visit to China in 2004, put it to us this way while we ate Peking Duck in Beijing: If it has got four legs and is not a chair, if it has two wings and it flies but is not an aeroplane, and if it swims and is not a submarine, the Cantonese will eat it.
May 6th, 2008 | Dan Denning | 0 comments | Continued
