Monthly Archives: July 2008
The sky is falling!
Chicken Little, the sky is falling. Did you not notice the sky is falling? I mean, everyone knows the sky is falling. Do you not watch TV, read a newspaper, own a house, have a mortgage? Do you not know … Continue reading
Filed under By Benjamin, Misc
Drill, drill, drill vs. Research, tax, research
Drill, drill, drill. Sounds so simple, right? If you drill, you end up with oil. And if you end up with more oil, you will drop the price, right? The reason to drill has to do more with what people … Continue reading
Filed under By Benjamin, Energy
Just trade bad paper for good paper
Without ground rules to play with in the financial markets, people will make stupid bets for short-term profit that cost everyone 100 times over in the long term. The U.S. had–I stress had–the best mortgage system in the world: 30-year … Continue reading
Filed under By Benjamin, Misc
Record access agreement reached in Australia
Herald Sun: Rio Tinto to buy ore and keep third parties off tracks Buy the Australian juniors that are on the rail lines. A solution has been reached on rail access. This is huge news for the small stranded resources. … Continue reading
Filed under Uncategorized
Basic rule of law needed in Russia
An investment gets trapped in Kremlin’s vise Very scary article on Russia. As resource prices go up, expect more and more to be taken back by the locals. Russia is ahead of the curve, but just you all wait, others … Continue reading
Filed under By Benjamin, Misc
More CSN (and the bidders are unknown)
Reuters India: Russians, Japanese vie for CSN unit Ok, well, not unknown, but we are not certain who they are. There are a couple separate lists provided by different people, so I tend to not trust them. The valuation numbers … Continue reading
Filed under By Benjamin, CSN, Mining
Feeling the pain of inflation across the globe
At some point, inflation is going to hurt everyone, but it hurts people differently. This is because inflation is in essence measured alongside a basket of goods and services. From country to country, people spend different proportions of their income … Continue reading
Filed under By Benjamin
Top ten stories for July 16, 2008
1. Bloomberg.com: Cleveland-Cliffs to buy Alpha Natural for $10 billion Introducing an all-in-one stop ‘n’ shop store for steelmakers. Iron ore producer Cleveland-Cliffs plans to buy coal mining firm Alpha Natural to create a merged Cliffs Natural Resources. 2. ABS-CBN: … Continue reading
Filed under By Kristin, Daily top ten
