Iron ore to drop below $80 in 2025

Bank of America says iron ore will drop below $80 next year.

https://www.mining.com/bank-of-america-sees-copper-price-surging-above-10000-iron-ore-slipping-below-80-by-2025/

Europe is in Recession

If you haven't noticed yet, Europe is now again contracting. GDP has been negative since 2012 (Chart 1). And the PMI is also contracting, which means the negative GDP will become even more negative going forward.

Europe is going into a depression, and this time it's for real, just like in 2008.

Chart 1: Europe PMI and GDP

Meanwhile, nothing problematic has been reported in the United States. The PMI there is still above 50 (53.4). US GDP is still projected to grow in the future. But I suspect that America won't be immune to the European collapse.

Peter Schiff on Capitalism between China and America

I like debates and what's better than to see Peter Schiff debate about China VS America. Enjoy!

Watch the last part and see how Peter promotes his new book.

"The Real Crash: America's Coming Bankruptcy---How to Save Yourself and Your Country"


China Does Capitalism Better Than America from Intelligence Squared U.S. Debates on FORA.tv

Dominion Resources: A Play on Disparity in Natural Gas Prices Between America and Russia

I noticed that the spot natural gas price in America is going down while the Russian natural gas price is going up. Both natural gas prices started at $US 290 per thousand cubic metres gas in the beginning of 2007. Today Russian natural gas is 4 times more expensive than American natural gas. I wonder why this is...
Read my article to find out: Dominion: a play on natural gas disparity