http://www.bloomberg.com/news/2011-...-applause-adam-minter.html?source=patrick.net Now china feeling the pinch of property declines ... http://www.news.com.au/business/sp-warns-nations-of-downgrades/story-e6frfm1i-1226214758209 Europe getting a down rating soon ?!
If China declines, and decreases its purchases in Australian Mining imports, doesnt that mean a weaker Aussie dollar, causing higher PM prices in AUD?
Yeh it does, but im talking more in the broader sense of the economy. Its basically deflationary as people loose their jobs etc. PM's will go higher relative to AUD but i mean it just sucks over all is what im saying. You have US which we all know is rooted, we have china slowing down and possibly loosing 40% of their housing market (which i might add will be an absolute disaster) and we have europe , which we all know about. Seems our little country here is the better of a really bad situation (for a living and riots) point of view.
My sister's working retail in Hong Kong, she's currently seeing the Chinese still crazily spending thousands and thousands of Yuan/HKD at stores in cash. Wads and wads of cash, bags and bags of it. I'll let you know when they stop doing then and you can start preparing for the worst
:lol: yeh do so , ill try to get an account open for the shanghai stock exchange around that time :lol:
