#25
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Re: Jim Rogers Buying the Yuan
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How do we explain that and how do we react to it? [/ QUOTE ] basically a guess...but...when the book was written, maybe rise in commodity prices (for whatever reason such as decrease in supply) had a serious effect on costs of business -> decrease profits. whereas instead the cause of the rise in commodity prices is becuase global markets (spec india and china) are booming, which in turn helps the US businesses, and this overrides the extra cost they pay for commodities. probs completely wrong, but felt i might as well give it a shot. |
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