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Always appreciate your comments Thomas! I saw somewhere there might be some discussion of the Aussie government buying up all domestic iron ore for a year to fight back while saving industry, but I agree it won't happen (yet). It does feel like the CCP is pushing pushing pushing, and Western countries still haven't snapped yet, but if you push hard enough eventually public opinion will harden and things that seem impossible today become the norm. It's possible that will never happen but it's an extremely high-risk strategy Xi is running, especially given that economically he is outmatched 3.5 or 4 to 1 (counting the five eyes, the EU--which I realize is not entirely united--and Japan and India).

Nov 21, 2020
at
6:25 AM