Iron ore

Ah the herald again…

Let me point out the ways:

1. Nothing astounding about 12%. it will drop a lot more than that as China cools down and their efforts to get alternative supplies kick in
2. ‘Could’ isn’t ‘will’
3. By ‘budget’ they mean federal government tax income. The govt doesn’t pay tax so income and revenue mean the same thing to them. The ‘budget’ is what they intend to spend and is mostly unrelated to what they earn.
4. It’s possible that ‘experts said’ but they tend to lack that sort of harmony. Nuh, I reckon it was just one and it wasn’t an expert
5. ‘As much as’… that’s zero to $4b. A bit of wriggle room there.
6. I am sure the $4b was pulled out of someone’s arse.

And that’s just the first sentence. And it took two of them to fuck it up so much.