| From Fleetstreetinvest.co.uk: Take a walk to the end of the pier in the port of Newcastle, in New South Wales, Australia, and you’ll see something strange… There’s no stream of ships being loaded with freights of raw materials, as there was last summer. Now they’re lying, empty and idle offshore. It’s a sign of the times…
In Australia, commodities are the life blood of the economy. So it’s little wonder that there have been long faces down there. The price of coal has tumbled 60% from its peak a year ago..... Full Article: Source
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