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August 30, 2012

China threatens to burst Australia's iron ore bubble

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China's economic slowdown has left commodity-rich Australia and its over-valued currency exposed Marc Faber, the Swiss investor and ultra bear, says there have been four mega bubbles in the past 40 years. In the 1970s it was gold; in the 1980s it was the Nikkei, and in the 1990s it was the Nasdaq... FF News: Fundamental

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