Author Archives: bjcbjcbjc

About bjcbjcbjc

Benjamin Cox is Chief Executive Officer of Roche Bay, an iron ore mining company which owns mining leases in Nunavut, Canada. Mr. Cox has researched and developed business, financial and shipping models for every major iron ore project, focusing on their economics. He is also an expert on steel industry market dynamics with a raw materials focus, including sub-markets such as DRI and HBI. Mr. Cox has spent a significant time on the dry bulk shipping market and its impact on the iron ore market. He writes regular industry updates on a blog called the Roche Bay List, from the industry from a market perspective. Mr. Cox regularly speaks at industry conferences, on topics ranging from the global pellet premium to the iron ore oligopoly. He holds a BS from Brandeis University and an MBA from Portland State University with a focus on Finance. Mr. Cox does original, custom financial and market research on the iron ore and steel markets.

A case for buying Vale

The sky is falling! The sky is falling! Buy, buy, buy. I am looking at the doom and gloom in the marketplace and I think about how in some cases people overreact to bad news. I am going to stay … Continue reading

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Filed under By Benjamin, Iron Ore, Steel, Vale

My solution to the financial crisis

Okay, everyone is coming out with solutions, and I do not like most of them. Let me go over a simple solution. We have to fix two things: Freddie and Fannie, and the existing toxic debt. I have a simple … Continue reading

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Filed under By Benjamin, Finance/banking

Nationalization is part of the cycle

The Herald Sun: Whole new ball game A key note to the Guinea government: Next time you want to nationalize something, wait for the rail line to be built. I mean seriously, if you are going to take Rio Tinto, … Continue reading

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Filed under By Benjamin, Rio Tinto

Put government back in the equation

Does government have a place in business? This is a question that I have been debating for awhile. Orderly markets require regulation, and regulation has to come from government. Too much regulation and you end up messed, too little and … Continue reading

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Filed under By Benjamin, Misc

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

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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

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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

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Filed under By Benjamin, Misc

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

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Filed under By Benjamin