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Strategies & Market Trends : Ride the Tiger with CD

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From: Valuepro7/9/2009 10:21:40 AM
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IMF says global recovery has begun. Looks to 2.4 percent growth next year.

news.bbc.co.uk

If they are correct, it vindicates all of those who expected such as happening sometime in or around the second half of 2009 - including the steel industry -, while the gloom and doomers continued to forecasts collapse.

Still, the truth of either situation can only be determined in hindsight. A few months more of looking back over recent data will go along way to making much of the world feel more secure about IMF prediction.

Anyway, some elements of world markets, I'm sure, will look to this IMF forecast as improving risk related to commodity investments. This should start pushing up demand as industry prepares for increasing output. ...very good news for iron ore producers, among others, and a sign that the Chinese will be paying higher prices in their long term supply contracts starting the first of the year.

VP in AZ
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