Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Snowshoe who wrote (72095)	1/18/2010 3:16:21 PM
From: Maurice Winn	1 Recommendation Read Replies (1) of 74559

It's good that India doesn't want to sell their iron ore because New Zealand has a lot of iron oxide lying around beaches and the ocean floor waiting to be scooped up and turned into cars and stuff. totaltravel.co.nz There has been a considerable exporting industry of iron sand for three decades. techhistory.co.nz One of my jobs was to supply lubricants to both Pacific Steel and New Zealand Steel. That was the good old days before mobile cyberspace. That was when wealth was found, and produced in furnaces and by dirty great industrial revolution equipment. ElM still thinks that that's where wealth lies [though he's employed as a fibre installer and pole climber]. People think China can become rich by working for low pay, which is a similar mistake. Mqurice

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