Once the global economy has come back, force fed by these trillions of dollars that are being pumped into banks, when it comes back there is not going to be much stuff around to buy,” he says.

There are already promising signs. The beleaguered price of nickel shot up more than 9 per cent in London yesterday after Vale and Mr. Agnelli announced the company's nickel production in China and Indonesia would be cut by 65 and 20 per cent respectively. Sudbury production is safe for now but development projects such as Inco's Goro project in New Caledonia will be delayed.

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Glorieux

PS, staying from computer is proving harder than I thought LOL