Boom or Bust?
July 16, 2006
Reporter: Ross Greenwood Producer: Nick Greenaway
This is as good as it gets. We're filthy rich. As fast as we can dig it up — iron ore, gold, nickel — you name it, we're selling it.
The figures are just staggering. This boom is making $1000 a second.
What's the secret of our success? Quite simply, China and its wild rush to capitalism.
For us, this is the promised land, where the newly-rich middle class numbers 250 million. That's right, 250 million and they want to spend like mad. So, what's in it for you and me?
After a mind-boggling journey through China and the far north-west of Australia, the Nine Network's financial editor Ross Greenwood has the answer.
OR still 1 more up leg left?
Look at 1987 that little volatile bit, we are there atm?
Then one more leg up for about 6-12 months, then crash?
So looks like crash in 2007, what do u guys think?
Cant believe the guy below is right? how do we prove him wrong?