PPRuNe Forums - View Single Post - Merged: Is the worst of the Global Financial Crisis behind us?
Old 12th Sep 2009, 13:19
  #175 (permalink)  
ferris
 
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The Chinese buying everything they can get their hands on? There's a reason, methinks. They are very, very smart. They are spending their worthless USDs, which they have truckloads of (even more than the US itself), and exchanging them for hard commodities/suppliers that they are going to need into the future to supply their growth. Look at what they are buying/have bought. Some absolutely audacious stuff (entire oil/gas production of some African countries for the next 50 years!!!). Tried to buy Rio etc. Ahhh, so many US dollar, so little oil/food/gas/coal etc.

As for Australia- that's why I ask. Overseas, things are grim in most places. Aviation has noticably shrunk. Even in the ME, things are much quieter. I've been looking keenly for signs that it is filtering thru to oz, with really mixed messages.
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