Saturday, February 2, 2013

bubbles upon bubbles...​.


What a time we live in….so many bubbles, so little time!

Australia's economy continues to struggle to find its legs.
The mining-driven economy got slammed as soon as its emerging market export partners like China slowed down.
And despite a pick up in China, Australia has yet to see the benefits.
It's "a credit bubble built on a commodity market built on an even bigger Chinese credit bubble," wrote strategist Dylan Grice in a note last year.

No comments:

Post a Comment