Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Maurice Winn who wrote (73141)	5/4/2010 9:17:32 PM
From: Snowshoe	1 Recommendation Read Replies (1) of 74559

>>it's just the price the market will bear, not the "greedy" iron miners.<< Mq, you really underestimate the role of greed in these things. The miners grabbed for too much, the Australian government noticed the big pile of loot and decided to slap on a 40% "super profits" tax. Just like a seagull swooping down to grab a piece of bread from a duck's beak... Super tax will erode Australia's competitiveness: Rio au.news.yahoo.com

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