Upside down value chain. To an extent it mirrors the fracking racket.
Cheap credit must be extinguished before any sense of normalcy can return. In the long term the market must return to equilibrium.......a massive price shakeout should suffice. Weed out the weaklings as it were(both miners and manufacturers).
Commodities just can't catch a break, can they? Just seen the Bloomberg commodity index hovering very near its 1999 lows having zoomed past the GFC level. If the commodity rout is anything to go by, then equities are headed for one long and devastating winter period.
The main purpose of the stock market is to make fools of as many people as possible.