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Investments/international business

2008-05-05; 09:37:56 EDT

Member Since

2002-09-17

Posts: 4946

The demand for iron ore doesn't seem to be diminishing for the foreseeable  
future. I'd be willing to bet it will last another two to three years.
Something Slim may or may not be aware of, the iron range in northern  
Minnesota has reopened and is going gang busters. Many of the steel mills in  
Indiana are once again receiving the ore and are processing it for foreign  
shipments. The Indiana steel mills have been resurrected by Russian businessmen.  
Gotta love international business.
 
Rummy
 
 
In a message dated 5/5/2008 7:59:02 A.M. Eastern Daylight Time,  
flybrad at gmail.com writes:

Rummy,

Don't forget the business cycle - what goes around comes  around!  I cashed
in some of my international chips to buy my airplane  (worse than boats for
money pits, definitely not investing).   Commodities are at a 200 year high
because of demand from India and  China.  They have their own cycle as well.
China has significant  problems to face down the road and can't keep the
current pace going  forever.  I manage a pretty good chunk of change for a
Chinese  investor (who has a similar education as mine, an accounting degree
in  China with a US MBA from a high profile school) in US muni-bonds -  same
deal as you in reverse.  It's all in the eyes of the beholder. If  I knew
where the market was going to be in a year I'd be out shopping for  a
Gulfstream instead of busting knuckles on an old  Bonanza.

Brad

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