Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Chispas who wrote (24363)	2/25/2005 10:17:54 AM
From: Knighty Tin	Read Replies (10) of 116555

Rio Tinto and CRVD (RIO) raised prices of iron ore sold to Japan by 71.5% this year. The Chinese warned them that this was good in the short term, but could hurt markets longer term. In other words, the Chinese don't want to pay the market price. They would find other alternatives. Methinks they are full of crap on this one. Please pay up and keep making me rich. <G> BTW, in no way is this inflationary.

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