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ROUBINI: A Big Crash Is Coming

1. voda 13 december 2014 15:42

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   Roubini Global sees Sub USD 60 level for iron ore amid massive surplus
   
   Bloomberg reported that according to Roubini Global Economics LLC, iron ore may drop to less than USD 60 per tonne next year as the largest mining companies press on with raising supply, deepening a glut just as demand growth in China falters.
   
   Ms Helen Henton Director of Commodities said that “The commodity will average USD 65 per tonne in 2015, with weaker prices in the first half before a recovery as some higher cost capacity is closed. While producers won’t fare well in an environment of falling prices, it does make sense for low cost suppliers to keep expanding in the expectation that less competitive mines will be shuttered.”
   
   Ms Henton said that “The three major companies have announced expanding output and plans to drive down costs rather than cutting output in the hope that some of the higher-cost projects will start shuttering capacity. In the meantime, you can get a period of massive surplus. It’s not an irrational decision to do that.”
   
   She said that “We’re bearish with the commodities complex as a whole, really. It’s the supply side that makes a difference. Iron ore is one of the commodities where the surplus is most evident.”
   
   Source - Bloomberg
   
   
2. [verwijderd] 20 januari 2016 17:24

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   Roubini is terug ... Roubini: U.S. economy slowing down, Fed might have made mistake youtu.be/8H-C2mRq_4o