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China overbuys metals to keep prices up

15 January 2010

China has been hoarding ores and not using all the metals it buys, thus creating huge chunk of surpluses of ores, semi-finished shapes and mill products lately. Traders and speculators believe active metals purchasing by China as a good economic gauge that justifies raising world commodity prices.

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Stock market set to crash: Doug Casey

15 January 2010

American-born free market economist and best selling financial author Doug Casey is not gung ho about the way the US government is steering the economy and has a bearish outlook on Wall Street.

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COMMENTS

JCC

9 years ago

I used to subscribe to Doug's stock services. I came to realize that his advice was a good way to lose money. He is pitching an agenda and lying to himself.

Follow his advice and grow poor.

REPLY

United States owes $777 billion of debt to these countries

15 January 2010

VisualEconomics has unveiled a vivid chart which demonstrates the key US creditors and their most recently disclosed holdings. Check out the foreign-held treasury securities of the US.

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