Friday, October 7, 2011

Industrial commodities will get hit hard if China goes into a Recession

Marc Faber : ...and if the Recession occurs obviously all the industrial commodities will get hit hard very hard , and other countries in the world that benefited from rising commodity prices , the Middle East Central Asia Africa Latin America Australasia they are going to get hit very hard and then they are going to have less money to buy goods from Porsche and Mercedes and Ferrari and so forth so it then generates a downturn in global trade- in Reuters

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