Wednesday, February 6, 2013
Some morning news
Bonddad - is the US economy moving into a higher growth phase? Accept the data, don't ignore it.
Reformed Borker (Bork Bork Bork!) - the seller's dilemma. He feels there really is no other place for a manager to put money than in stocks. It's good to be reminded that there is such a thing as a market, with rational actors - seriously, it's too easy to ignore.
China Economic Watch - China's new income inequality plan. Also,
Bloomberg - China's new income redistribution plan. It's an interesting development; might be net positive for the world, if it truly means the rural poor aren't going to be left behind any more. Dunno, I'll have to think on it. Looks like an improvement, anyway.
Mineweb - Northland nixes $375M financing - now what? Now you die! In all seriousness, this illustrates two problems - one, nobody can finance when their share price is a fraction of their capex. Two, how the hell do you "miss" $425M in capex costs in a "bankable" feasibility study? Who were the engineers responsible, and why isn't it litigable negligence?
Bespoke - trading range screen for country ETFs. In case you want something other than miners to invest in from now on. I wonder what the problem is in Malaysia? By the way, note to Peruvians - you might want ask Bespoke why they're ignoring EPU.
JC Parets - Brazil building a huge base. I guess if you just go by the charts, Brazil looks like a good bet, with a bit of patience and a good stop point? I remember a couple years ago I invested in BRF, by the way - so it's something to keep in mind if you don't want to play the big brazil ETF like everyone else does. Similarly, if you're investing in China, take a look at CQQQ, YAO and TAO.