Comments on: China Looking Vulnerable http://www.nakedcapitalism.com/2008/10/china-looking-vulnerable.html Sun, 22 Nov 2009 22:11:10 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: "Cassandra" http://www.nakedcapitalism.com/2008/10/china-looking-vulnerable.html#comment-18751 "Cassandra" Wed, 01 Oct 2008 19:43:00 +0000 http://www.nakedcapitalism.com/2008/10/china-looking-vulnerable/#comment-18751 Nice to see you quoting from the Devil's Dictionary! Mr Bierce is as wicked and fresh as ever nearly a century after it's original publication. Nice to see you quoting from the Devil’s Dictionary! Mr Bierce is as wicked and fresh as ever nearly a century after it’s original publication.

]]> By: Anonymous http://www.nakedcapitalism.com/2008/10/china-looking-vulnerable.html#comment-18732 Anonymous Wed, 01 Oct 2008 16:42:00 +0000 http://www.nakedcapitalism.com/2008/10/china-looking-vulnerable/#comment-18732 The China Iron & Steel Association estimated that iron ore imports in 2007 was about 375 million tons. That represented about 50% of the international markets and an astonishing 15% rise in imports over 2006. Chew on that a bit and you'll realize China will soon run into raw material constraints that make double digit growth unsustainable as long it's based on exporting goods. <br/><br/>This also means the slump in Chinese iron ore demand is likely to be very temporary. The China Iron & Steel Association estimated that iron ore imports in 2007 was about 375 million tons. That represented about 50% of the international markets and an astonishing 15% rise in imports over 2006. Chew on that a bit and you'll realize China will soon run into raw material constraints that make double digit growth unsustainable as long it's based on exporting goods.

This also means the slump in Chinese iron ore demand is likely to be very temporary.

]]> By: RK http://www.nakedcapitalism.com/2008/10/china-looking-vulnerable.html#comment-18684 RK Wed, 01 Oct 2008 12:33:00 +0000 http://www.nakedcapitalism.com/2008/10/china-looking-vulnerable/#comment-18684 The smartest line I have yet read about the emerging markets is that they are equivalent to an option on the <br/>"developed" (read consumption based) markets. Thus far, the price action of emerging markets seems to<br/>confirm this notion. The smartest line I have yet read about the emerging markets is that they are equivalent to an option on the
“developed” (read consumption based) markets. Thus far, the price action of emerging markets seems to
confirm this notion.

]]> By: Anonymous http://www.nakedcapitalism.com/2008/10/china-looking-vulnerable.html#comment-18639 Anonymous Wed, 01 Oct 2008 08:08:00 +0000 http://www.nakedcapitalism.com/2008/10/china-looking-vulnerable/#comment-18639 carrick, I had the same problem an hour ago, but it seems to be fixed. carrick, I had the same problem an hour ago, but it seems to be fixed.

]]> By: Carrick http://www.nakedcapitalism.com/2008/10/china-looking-vulnerable.html#comment-18632 Carrick Wed, 01 Oct 2008 07:03:00 +0000 http://www.nakedcapitalism.com/2008/10/china-looking-vulnerable/#comment-18632 Is anyone else being automatically redirected to Google when trying to reach www.nakedcapitalism.com?<br/><br/>I can only view it in my RSS reader.. Is anyone else being automatically redirected to Google when trying to reach http://www.nakedcapitalism.com?

I can only view it in my RSS reader..

]]> By: Anonymous http://www.nakedcapitalism.com/2008/10/china-looking-vulnerable.html#comment-18629 Anonymous Wed, 01 Oct 2008 06:41:00 +0000 http://www.nakedcapitalism.com/2008/10/china-looking-vulnerable/#comment-18629 When are the analysts going to question Chinas $1 trillion bad/non-performing loan book. Guess it pales into comparison to Paulson taking a $700 billion baseball bat to a $55 trillion gun fight. When are the analysts going to question Chinas $1 trillion bad/non-performing loan book. Guess it pales into comparison to Paulson taking a $700 billion baseball bat to a $55 trillion gun fight.

]]> By: dh2 http://www.nakedcapitalism.com/2008/10/china-looking-vulnerable.html#comment-18628 dh2 Wed, 01 Oct 2008 06:24:00 +0000 http://www.nakedcapitalism.com/2008/10/china-looking-vulnerable/#comment-18628 efferies analyst Douglas Mavrinac said, because of a Chinese boycott of Brazilian iron ore.<br/>Last week, an association representing the largest Chinese iron ore suppliers formalized a boycott against a major Brazilian supplier, as that company announced plans to hike prices to Asian customers by about 11 percent.<br/>Mavrinac said he expects iron ore deliveries from Brazil to China will remain "limited" in the near future, but will need to increase as China runs of its own supplies of the commodity, used to make steel.<br/>Until then, drybulk stocks and the heavily watched Baltic Dry Index will likely fall further, he said.<br/>But possibly by as early as November, Mavrinac said the boycott should be lifted and drybulk trade -- which also includes shipments of grain, coal and cement -- should pick up. efferies analyst Douglas Mavrinac said, because of a Chinese boycott of Brazilian iron ore.
Last week, an association representing the largest Chinese iron ore suppliers formalized a boycott against a major Brazilian supplier, as that company announced plans to hike prices to Asian customers by about 11 percent.
Mavrinac said he expects iron ore deliveries from Brazil to China will remain “limited” in the near future, but will need to increase as China runs of its own supplies of the commodity, used to make steel.
Until then, drybulk stocks and the heavily watched Baltic Dry Index will likely fall further, he said.
But possibly by as early as November, Mavrinac said the boycott should be lifted and drybulk trade — which also includes shipments of grain, coal and cement — should pick up.

]]> By: dh http://www.nakedcapitalism.com/2008/10/china-looking-vulnerable.html#comment-18627 dh Wed, 01 Oct 2008 06:20:00 +0000 http://www.nakedcapitalism.com/2008/10/china-looking-vulnerable/#comment-18627 Recession Threat Hits Oil Prices<br/>http://www.hellenicshippingnews.com/index.php?option=com_content&task=view&id=20159&Itemid=31<br/><br/>Energy consumption overseas is also expected to drop, even in fast-growing developing countries such as India and China, where booming demand for cars and other goods helped drive the oil bubble earlier this year.<br/>"With demand falling at the pace it is, nothing can support crude at levels above $100," said James Cordier, president of Tampa, Fla.-based trading firms Liberty Trading Group and OptionSellers.com. "There's no underlying demand from any pocket." Recession Threat Hits Oil Prices
http://www.hellenicshippingnews.com/index.php?option=com_content&task=view&id=20159&Itemid=31

Energy consumption overseas is also expected to drop, even in fast-growing developing countries such as India and China, where booming demand for cars and other goods helped drive the oil bubble earlier this year.
"With demand falling at the pace it is, nothing can support crude at levels above $100," said James Cordier, president of Tampa, Fla.-based trading firms Liberty Trading Group and OptionSellers.com. "There's no underlying demand from any pocket."

]]> By: EvilHenryPaulson http://www.nakedcapitalism.com/2008/10/china-looking-vulnerable.html#comment-18626 EvilHenryPaulson Wed, 01 Oct 2008 06:08:00 +0000 http://www.nakedcapitalism.com/2008/10/china-looking-vulnerable/#comment-18626 Wow, the one fact standing out for me is a decline from 100mn tonnes to 50mn tonnes of iron ore exported from India<br/><br/>Looks like those steel and mining mergers are going to have been fairly expensive Wow, the one fact standing out for me is a decline from 100mn tonnes to 50mn tonnes of iron ore exported from India

Looks like those steel and mining mergers are going to have been fairly expensive

]]> By: satan http://www.nakedcapitalism.com/2008/10/china-looking-vulnerable.html#comment-18624 satan Wed, 01 Oct 2008 05:49:00 +0000 http://www.nakedcapitalism.com/2008/10/china-looking-vulnerable/#comment-18624 China's banking system makes the american system looks angelic. No one confronted them for years because of the economic growth story..Now the chickens are coming to roost. China’s banking system makes the american system looks angelic. No one confronted them for years because of the economic growth story..Now the chickens are coming to roost.

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