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Iron ore prices for…smack, smack, smack…snooooooooooore…
Going nowhere. Nothing happening. At least we get Chinese data today. While there is a bit of excitement about an infrastructure rebound about the place the more important place to look will be this:
If realty starts catch down to sales then Vale will not matter. If not, it will.
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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
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