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B4 The Bell Turdsay October 21st


PeakOil

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Crude Oil Beach Ball and Ten Year Yield Beachball both desparately being held under water right here.

 

If both pop up above the surface decisively with violent moves at the same time, our screens may just go blank.

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Crude Oil Beach Ball and Ten Year Yield Beachball both desparately being held under water right here.

 

If both pop up above the surface decisively with violent moves at the same time, our screens may just go blank.

The market is on "ATC hold" ... circling in bad weather, pending either permission to descend or running out of fuel ... whichever comes first.

 

Passengers may use cell phones now to call your borker or loved ones ... :o

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You will hear more and more about his.

 

China set to buy up Canada's resources

 

Beijing ? China's Communist rulers have a blunt message for anyone who frets about the planned Chinese takeover of Canada's biggest mining company: Get ready for more to come.

 

In an exclusive interview with The Globe and Mail in Beijing this week, Chinese Foreign Minister Li Zhaoxing made it plain that the controversial $7-billion takeover of Noranda Inc. is just a small element in a much more ambitious strategy of investment in Canada's resources sector to feed China's voracious appetite for raw materials.

 

"Given our rapid economic growth, we're facing an acute shortage of natural resources," the Foreign Minister told The Globe.

 

No matter how plentiful our natural resources, when you divide them by our population of 1.3 billion, the figure will be very small," he said.

 

"The Chinese government is encouraging Chinese enterprises to make investments in Canada, particularly in the field of resources exploitation."

 

http://www.theglobeandmail.com/servlet/sto.../International/

One thing has always bothered me about the whole China commodity grab concept. Is it really believable that a country the size of China, that neighbors the mineral rich former Soviet Union, does not have any raw materials of her own?

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GOOG and YHOO following suit...about to hit rough weather?

 

If YHOO, GOOG and EBAY all complete their "run & gun stop clearing orgy"...it could get fugly this afternoon.

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You will hear more and more about his.

 

China set to buy up Canada's resources

 

Beijing ? China's Communist rulers have a blunt message for anyone who frets about the planned Chinese takeover of Canada's biggest mining company: Get ready for more to come.

 

In an exclusive interview with The Globe and Mail in Beijing this week, Chinese Foreign Minister Li Zhaoxing made it plain that the controversial $7-billion takeover of Noranda Inc. is just a small element in a much more ambitious strategy of investment in Canada's resources sector to feed China's voracious appetite for raw materials.

 

"Given our rapid economic growth, we're facing an acute shortage of natural resources," the Foreign Minister told The Globe.

 

No matter how plentiful our natural resources, when you divide them by our population of 1.3 billion, the figure will be very small," he said.

 

"The Chinese government is encouraging Chinese enterprises to make investments in Canada, particularly in the field of resources exploitation."

 

http://www.theglobeandmail.com/servlet/sto.../International/

One thing has always bothered me about the whole China commodity grab concept. Is it really believable that a country the size of China, that neighbors the mineral rich former Soviet Union, does not have any raw materials of her own?

Didn't you get the memo?

 

China is purchasing the former Soviet Union with peachbacks...the minerals, the nukes, the whole shootin' match.

 

"Thank You Wal-Mart Shoppers!"

 

"Attention GW, we have a wet cleanup in Automotive...bring the oli-dry!"

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You will hear more and more about his.

 

China set to buy up Canada's resources

 

Beijing ? China's Communist rulers have a blunt message for anyone who frets about the planned Chinese takeover of Canada's biggest mining company: Get ready for more to come.

 

In an exclusive interview with The Globe and Mail in Beijing this week, Chinese Foreign Minister Li Zhaoxing made it plain that the controversial $7-billion takeover of Noranda Inc. is just a small element in a much more ambitious strategy of investment in Canada's resources sector to feed China's voracious appetite for raw materials.

 

"Given our rapid economic growth, we're facing an acute shortage of natural resources," the Foreign Minister told The Globe.

 

No matter how plentiful our natural resources, when you divide them by our population of 1.3 billion, the figure will be very small," he said.

 

"The Chinese government is encouraging Chinese enterprises to make investments in Canada, particularly in the field of resources exploitation."

 

http://www.theglobeandmail.com/servlet/sto.../International/

One thing has always bothered me about the whole China commodity grab concept. Is it really believable that a country the size of China, that neighbors the mineral rich former Soviet Union, does not have any raw materials of her own?

In a way - yes, it doesn't have enough to be a manufacturer to the world.

 

Over 25% of China is desert - so, they lack areable land for feeding its 1.3B population. China was a net exporter of oil a few years back - now, its a net importer.

 

China probably has enough for itself - but not enough to make all the goods for the voracious US consumers and its own getting-richer citizens.

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GOOG and YHOO following suit...about to hit rough weather?

 

If YHOO, GOOG and EBAY all complete their "run & gun stop clearing orgy"...it could get fugly this afternoon.

That $1.5 trillion of reserves created in the last 15 months (see Richard Duncan's chart, page 1) is being shoveled into ANYTHING THAT MOVES in this insane google-eyed last gasp of Bubble II.

 

Then it's time for malfunc ... malfunc ... malfunc ... [click]

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MISSION ACCOMPLISHED...all good...all wood!

 

10:51am 10/21/04

Fixed mortgages fall, adjustable edges up: Freddie Mac (FRE) By Rachel Koning

CHICAGO (CBS.MW) -- The average 30-year fixed-rate mortgage was 5.69 percent in the week ended Thursday, Freddie Mac said, down from 5.74 percent last week. Last year at this time, the 30-year rate averaged 6.05 percent. The average for the 15-year fixed loan this week was 5.07 percent, down from 5.14 percent. A 1-year Treasury-indexed adjustable-rate mortgage averaged 4.02 percent this week, up from 4.01 percent.

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