Economics and similar, for the sleep-deprived
A subtle change has been made to the comments links, so they no longer pop up. Does this in any way help with the problem about comments not appearing on permalinked posts, readers?
Update: seemingly not
Update: Oh yeah!
Tuesday, May 13, 2008
That's a lot of copper and cobalt
Check it out, China making the big deals. I have no real analysis for this and so will substitute flippant remarks:
1. The fact that they're calling it a "Marshall Plan" is unlikely to be unintentional; political influence is being bought here along with the copper.
2. Is China in danger of buying at a high point in the copper price? Maybe, but as I kept on telling people who were making confident assertions about their willingness to acquire dollar assets, communist economies don't use mark-to-market accounting. If they've acquired reliable supplies of commodity inputs to secure their production plan, they're happy.
3. I wonder whether the world community is about to discover that the DR Congo is an appalling regime which ought not to be allowed control over its natural resources?
4. Maybe if we all whine really hard about the Olympics the deal will be called off.
this item posted by the management 5/13/2008 10:48:00 AM