24.10.2012 - Agricultural commodities Ė The best way to play rising food prices
Iíve been warning of a slowdown in China for some time, but there isnít much room for argument any more. The official figures now have growth at 7.4% and some, such as Marc Faber of the Gloom, Boom and Doom Report, suspect it may be more like 4%. More telling are some of the non-official numbers. Komatsuís sales of excavators to China fell by 43% year-on-year in August (marking the 16th consecutive monthly decline). If sales of excavators are falling, you can assume that activity in areas in which excavators operate is also falling. Goodbye supercycle...............................................Full Article: Source
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