From Daily Reckoning Australia
''More liquidity will help everything from sinking. Got that? That's the logic behind what everyone now expects will be more quantitative easing (money printing) from the US Federal Reserve. But can the money printers of the world really fix a solvency problem with more liquidity?
Let's shove that question aside for just a moment and return to the urgent matter of the plummeting iron ore price. When last spotted, the spot iron ore price was busy falling below US$90. It's over 50% down from around this time last year. Many interested parties want to know how much further it will fall, or when it will rebound.''
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