Does anyone remember fuckedcompany.com? It was that marvelous dot.com that tracked the 2000 “dot bomb” implosion before itself disappearing into the same void.
That’s how you should think about iron ore equities right now. We are not talking about a normal cycle here. We have lived through the greatest building and iron ore boom in history and are now entering its denouement. A super cycle followed by a super bust that will see many of the highest flyers never recover, indeed most will disappear just as completely as did pets.com, flooz.com, boo.com, looksmart etc…
One more time for the dummies, here is the forecast seaborne demand supply balance chart in millions of tonnes:
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