iron ore

Drop in iron ore price is worrisome. Friends, this is one more sign. Basically, that we are in a global recession. There is a reason. Yeah, that we do not need iron ore. Construction is down due to lack of demand and poor earning. Look at radio shack going bankrupt and that game stop is almost the same way. It is lack of consumers. Workers have little or no money. Namely, that is due to a decline in wages. Executive keep on talking about out sourcing and DOWN sizing.