Strange Strange World...
We live in a world where bond yields are negative, Australian Banks are worth more than some of the largest American banks and Australian mining companies are trading at 3 to 6 times their book values at a point closer to the top of the cycle than the bottom.
Unfortunately all of the above scenarios may not work out too well for those that are placing their faith in the concept that the world will permanently be in this current situation.
We live in a world where bond yields are negative, Australian Banks are worth more than some of the largest American banks and Australian mining companies are trading at 3 to 6 times their book values at a point closer to the top of the cycle than the bottom.
Unfortunately all of the above scenarios may not work out too well for those that are placing their faith in the concept that the world will permanently be in this current situation.
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