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| By Ken Fisher, Interactive Investor, 14.12.2011 |
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Need more evidence the world is nowhere near as troubled as most think? Look at iron ore prices.
Maybe you've never, ever thought of iron ore prices. And why would you? An unsexy bulk commodity and chief input to steel-making blast furnaces. Except iron ore prices portend a lot about the economy - chiefly that the US likely isn't going into recession soon. I'll show you how and why. With the overall world growing, and emerging markets faster, there's little chance of a global recession in 2012.
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