Seeking Alpha

Vale (VALE -3.6%) sees “early signals” of recovery in China's economy, but "we are...

Vale (VALE -3.6%) sees “early signals” of recovery in China's economy, but "we are not going to see the spectacular growth rates of 10%, 12% per year... the golden years are gone," Vale says. The top iron ore producer shipped ~44% of its iron ore and pellets to Chinese steelmakers in Q2, and iron ore prices have dropped to their lowest since Dec. 2009 - not an upbeat combo.
Comments (2)
  • Stone Fox Capital
    , contributor
    Comments (6364) | Send Message
     
    Isn't it funny that at the top growth will continue for ever, but at the bottom growth won't ever return? Being dramatic, but didn't we already know that China had gotten too big to even wish for a repeat of the 10% era?
    14 Aug 2012, 03:28 PM Reply Like
  • Donadog0
    , contributor
    Comments (35) | Send Message
     
    This is all relatively short term...When our economies rebound, China will be back with a vengeance.
    14 Aug 2012, 06:06 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs