. Local manufacturing slows while Mining becomes international.
. As raw material demand continues.
. China is still growing but at a decreasing rate, even that is high.
. However how much if it is froth is unclear ?
. If taxi entrepreneurism is any measure, things are not as rosy as it look.
. Even if Europe Resolves its debt stalemate & dillemma,
. There is no growth in the horizon.
. It's still basically back to the drawing board
. If anything the world is only save from the brink of disaster.
. US has no growth prospect either.
. Jobs are necessary and that depends on Obama's infrastructure plan
. Which is still very much in limbo and debate.
. With US, Europe and China with no and slowing growth,
. Minining companies are already showing signs of stress,
. Archelor Mittal has cut back and shut down one blasting plant .
. Woodside petroleum has registered drop in demand.
. So Australia Mining should slow down, with RBA commodities price index correcting.
. So a big negative for Mining, demand & price decline.
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