quarterly ore contracts , page-6

Business channel thismorning had an american Analyst predicting that we have no yet seen the worst, actually far from it.

I am not one to get caught up in the emotions of what is going on, but i must say for the first time in a long time i was very impressed with what this guy had to say and his thoughts behind his arguments.

not to say hes right but i do agree with one thing he said in relation to baby boomers.

Basically the population is to old to spend the money required to get us back on track. and the youth have no change at todays prices.

he believes the market will have drop another 30% due to being able to stimulate spending with the 20-35 year olds.