NATURALLY THE “MARKETS” MAY GO UP AS WELL AS DOWN FROM TIME TO TIME, BUT THAT MAY NOT MEAN THAT THE GLOBAL SITUATION IS IMPROVING. DO NOT FORGET THE AMOUNT OF WORKERS, WHICH HAS BEEN LET GO, AND ABOVE ALL THE EVEN BIGGER AMOUNT, THAT WILL BE RECEIVING THE RED SLIP OVER THE NEXT FEW MONTHS.

INDEED, AT THE PRESENT MOMENT IT IS FAIRLY EASY TO FORECAST IMPROVEMENTS AFTER SUCH A DRASTIC FALL, WHICH HAS NOT ENDED YET, BY FAR, BUT THE TIMING SHOULD BE RIGHT AND CORRECT. THE TIME IS TO BE CAUTIOUS FOR THE FEW, WHO STILL MAY HAVE A LITTLE MONEY LEFT, ALTHOUGH I DO REALISE THAT WHEN SOME PEOPLE LOSE THEIR MONEY OTHERS GAIN MONEY.

OIL AT US$ 500.00 A BARREL -SORRY I DO NOT BELIEVE. POLITICALLY SPEAKING THIS WOULD BE FANTASY, AS THE MANY NATIONS, WHO ARE DEPENDENT UPON IMPORTS OF OIL CANNOT POSSIBLY AFFORD THAT AND SURELY THE WORLD PRODUCERS WILL NOT ALLOW THAT TO HAPPEN, BUT WILL MUCH PREFER TO BRING BACK WORKERS AND HIGHER PRODUCTION OUTPUTS. – ONE CANNOT FORGET EITHER THAT BRAZIL WITHIN SOME YEARS MOST PROBABLY WILL BECOME A MAJOR PLAYER IN THAT MARKET AS WELL. PRESENT ESTIMATES OF COST OF PRODUCTION – PRE-SAL – ARE AROUND US$ 65/70.00 PER BARREL, ANYTHING ABOVE US$ 100,00 OR A LITTLE MORE WILL BE A GIFT FROM HEAVEN.

MOST PROBABLY THE MARKET OF IRON ORE, WHICH HAS ALSO FALLEN IN RECORD TIME FROM US$ 165.00/MT/CIF TO PRESENT BIDS FROM OPERATORS OF US$ 75.00/80.00/MT/
FOB. BUT WITH NO SELLERS WILL ALSO SHOW SOME IMPROVEMENTS, BUT MUCH DEPENDS ESPECIALLY ON CHINA, WHERE ALSO A LOT OF PEOPLE WILL BE DISMISSED. – O.K. THE FAMOUS INTERNATIONAL SHOPS MAY STILL BE BOOMING, BECAUSE O.5% OF THE PEOPLE IN CHINA STILL MAY HAVE MONEY, BUT WHAT ABOUT THE OTHER 99.5% ?
LIKE HERE IN THE SO-CALLED FREE WORLD THINGS WILL GET WORSE BEFORE THEY GET BETTER, SO IT IS IN CHINA AS WELL. SORRY BUT I FIND THAT YOUR REPORTING THIS TIME IS SOMEWHAT MISLEADING.

REGARDS,

KENT LINNET.