XJO 0.99% 7,896.9 s&p/asx 200

Thoughtful comment. Maybe it's a two-edged sword....

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    Thoughtful comment.

    Maybe it's a two-edged sword.

    Under-utilisation and over-supply.

    I doubt we'd have over-supply if Europe and China were growing at pre-GFC levels.

    The following from Zero Hedge - suggests that the dominant factor is slowing growth:





    The Baltic Dry Index is based on shipping costs. Of course - maybe the poor figures there are due to an increasing supply of big ships? Maybe.

    The other graph (Consensus World 2014 GDP Growth Estimate) is more telling.

    Redbacka
 
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