p.16 Fin Review today...
"A world awash with liquidity is ripe for market bubbles. This is a classic inflationary story with too much speculative money chasing too few commodities..."
"But then you have a few commodities that, thanks to China, have got some grunt and their price can be justified and their price rises can be justified on the basis of demand and supply. The standouts are iron ore and coal.."
"Two coal fired power stations are built every week in China to meet China's soaring demand for power, 75 per cent of which is coal fired"
p.16 Fin Review today..."A world awash with liquidity is ripe...
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