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n Personal Finance Newsletter - Showdown looming : resources vs. industrials : markets
Over the last nine years, developing countries have been growing at breakneck speed - resulting in massive gains in commodity prices.
As a consequence, companies that extract these materials from the ground have experienced phenomenal earnings. For example, Anglo American has experienced two earnings spikes each in excess of 80% over this period (naturally the share price has followed suit with a return of 1000%, compared to the 60% over the prior nine years).
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