Loading ...Yep and other Macros like Rio are downsizing as well and will take the sector down on sympathy or group think although not funny for all the people. This is quite serious as seeing the first stages of deflation here. Juniors don’t have a lot or nothing to downsize and will result in production issues. Anglo will be generating money not just laying off what 85K but will be selling some of their property’s like diamonds or what they acquired but only temporar fix and those holding will have to watch finances. As dollar gets push up and lower output it will continue to affect revenue for awhile. Maybe driving prices to consumers up. That’s not the all of it. Juniors will be hit hard as little to nothing to downsize or sell. Maybe some will fold. Micros will be wiped out. More jobless. Going to be life changer for all these people. With their green push more companies will suffer from their carbon points and China will profit from selling wind and solar. Taxes will kill off any growth seed to manufacture here. Guessing energy will get more expensive and there already talking about taxing people with solar. Oh save money go green but you won’t cus theyll tax it.How much robbery will people take? Then China will probably deflate their yuan pushing ours up going into next year or so and others will have to follow. Times will be interesting while they pull a smoke screhe on is here.
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