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  1. Freckle

    Iron Ore in free fall - Perth property next!

    Have a look at shorted stocks here. FMG @ 0.39% of issued capital They're one of the most heavily shorted stocks on the ASX. Twiggy hates it I believe. I think he's determined to prove Jim Chanos wrong but I fear the Gods may be against him long term. I'm wondering what Reinhart will do...
  2. Freckle

    Iron Ore in free fall - Perth property next!

    Watch BHP and Rio crush FMG. They only have to run the price down to 80 for six months and FMG's in all sorts of bother. There's no love lost between FMG and its competitors that's for sure. The last time ore dropped it only stayed there momentarily yet that cycle of deteriorating prices...
  3. Freckle

    Iron Ore in free fall - Perth property next!

    Not sure how Qld and NT play into the Perth property market. The Perth market has some heat in it at the moment but I wouldn't get too excited just yet. If you run out now to chase a perceived opportunity because you think there will be a run on property over the next year or so you might be...
  4. Freckle

    Iron Ore in free fall - Perth property next!

    Yes but at an industry level volumes are dropping. There's been a noticeable slowdown since Xmas. Rio has about another 12 months to go on its expansion before things slow up quite significantly. Rio will face more challenges going forward as ore drops in price. It's highly exposed business...
  5. Freckle

    Iron Ore in free fall - Perth property next!

    Yes the great myth. Krugman also believes in this myth. Iceland ... poof! Portugal ... poof! Ireland ... poof! Greece ... poof Spain ... poof! Cyprus ... poof Argentina ... poof Belgium ... poof Italy ... going going ... France ... going going ... UK ... going going ... Japan ...
  6. Freckle

    Iron Ore in free fall - Perth property next!

    This graph is fairly inaccurate with regard to resource sector jobs. The old belief was that around 1.8% where involved in resources. The latest data from census stats shows quite a different picture. While 3.25 per cent of the nation's workers are employed in resources extraction, 6.75 per...
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