SA Footy

ASX falling to pieces on the back of Chinese group Evergrande looking like defaulting on $300bn (US) of debt.

Iron ore prices plummeting, this is going to be a big one....

Booney wrote:ASX falling to pieces on the back of Chinese group Evergrande looking like defaulting on $300bn (US) of debt.

Iron ore prices plummeting, this is going to be a big one....

Interesting to see what happens with this one.

Has been going up and down like a yo-yo the past week … daily swings of 1%

Hang on to your hat!

Booney wrote:ASX falling to pieces on the back of Chinese group Evergrande looking like defaulting on $300bn (US) of debt.

Iron ore prices plummeting, this is going to be a big one....

Excuse my lack of financial intellect. What does this mean for the average punter trying to live a normal life?

whufc wrote:

Booney wrote:ASX falling to pieces on the back of Chinese group Evergrande looking like defaulting on $300bn (US) of debt.

Iron ore prices plummeting, this is going to be a big one....

Excuse my lack of financial intellect. What does this mean for the average punter trying to live a normal life?

For some of us who are … um … nearing … um … getting on … we like to see our Super balances increase or have something in them when we want to take some out.

My Super lost 5.6% in a week.

Had a few good years so cannot complain too much. I’m sure it will bounce back

whufc wrote:

Booney wrote:ASX falling to pieces on the back of Chinese group Evergrande looking like defaulting on $300bn (US) of debt.

Iron ore prices plummeting, this is going to be a big one....

Excuse my lack of financial intellect. What does this mean for the average punter trying to live a normal life?

It was 4 years ago, don't worry about it.