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Iron ore - supply and demand rides again
Topic Started: 30 May 2014, 03:23 PM (44,263 Views)
Lef-tee
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Iron ore mining is going to awaken giant subterranien monsters who will rise up and destroy us all?
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newjez
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Lef-tee
18 Sep 2014, 01:17 PM
Iron ore mining is going to awaken giant subterranien monsters who will rise up and destroy us all?
Ah, I always suspected Gina wasn't human. Ginazilla!!! Coming to a pit near you.
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
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Lef-tee
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I'm waiting for "Ginazilla the musical" :)
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Foxy
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Zero is coming...

It could be big.
Peter
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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Jimbo
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Lef-tee
18 Sep 2014, 07:22 AM
The level of absorbtion will be strongly influenced by the extent to which they owe their existence to the demand created by all those $150k+ workers spending their incomes I imagine.

So it is pointless to deny that the WA economy is heavily plugged into mining investment and all the jobs it creates. To exactly what extent this is the case and how much it can be offset with spending from other sources we will just have to wait and see.
Not saying that you are denying it Jimbo, I can see you understand what's going on. But not everyone gets it.
My point is that in the short term, we may not see any significant rise in unemployment but unemployment numbers are only half the equation. The other half is wages.

Perth is expensive because we have higher than average wages in all sectors because all sectors were competing with mining for staff.

That is beginning to change now.
Matthew, 30 Jan 2016, 09:21 AM Your simplistic view is so flawed it is not worth debating. The current oversupply will be swallowed in 12 months. By the time dumb shits like you realise this prices will already be :?: rising.
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doubleview
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lulldapull
17 Sep 2014, 11:33 PM
yeah we all know what happened to timmy, that little piece a shit. :lol

bhp axed more than 50 people from port headland operations alone last week:


Pig iron aka Timmy caught leaving the dole office!

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lulldapull
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Doubleview, we can just laugh out loud now, can't we? :lol

That piece a shit was so wrong on everything that it is hard to fathom an 'adult' being such a dip shit buffoon. :lol

Either that or he was just another dumnb ass insolent teenager.............full of piss & cum.........nothin else.
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doubleview
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lulldapull
18 Sep 2014, 09:53 PM
Doubleview, we can just laugh out loud now, can't we? :lol

That piece a shit was so wrong on everything that it is hard to fathom an 'adult' being such a dip shit buffoon. :lol

Either that or he was just another dumnb ass insolent teenager.............full of piss & cum.........nothin else.
Timmy was the forum wanker it was way 2 Obv he didnt work in the industry.

Here's another pic of Timmy

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Foxy
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Zero is coming...

Small price increase in iron ore.
Peter
http://www.macrobusiness.com.au/2014/09/daily-iron-ore-price-update-crushed-cat/

Oh that was short lived.
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newjez
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Mustapha Mond
19 Sep 2014, 10:16 AM
Small price increase in iron ore.
Peter
http://www.macrobusiness.com.au/2014/09/daily-iron-ore-price-update-crushed-cat/

Oh that was short lived.
80 cents should hold, or else things start to get sticky and smelly.
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
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