I would take a look at the Baltic dry shipping index and you will see that it has dropped 60% in the last three months and this is a forward shipping order for the hiring of ships to carry iron ore so something big has happened . Asia manufactories 30% of every thing the americans buy so if Americans stop buying Asia's manufactoring go into slow motion and we stop selling iron ore at $140 per ton. China is defaulting on iron ore contarts from India so it is only a matter of time before they do the same thing here. Regards Dennis
