The Post-China Price: What Beijing's Green Revolution Means for Rest of Us by Sean Daly
"Living in a liquidity-driven economy for the past decade, US pundits can be excused for seeing yet another mania in “rare earths” miner start-ups like Molycorp (MCP), Ucore Rare Minerals (UURAF.PK), and Rare Element Resources (REE), all of which now sport rich valuations and skeletal operations. But when you really look deeply into the historical pricing circumstances of the rare earth elements (REE) industry, you don’t see a bubble. You see the exact opposite.
Thursday, November 4, 2010
Wednesday, November 3, 2010
On the Value of High Yield
AOK - Read through for a great graph on high yield spreads, note signifcant & fast compression from earlier in the crisis.
China tight on Farmland
China Running Out of Farmland: What This Means for U.S. Stocks
October 27, 2010
As the Chinese growth engine continues to propel forward, the government is faced with the dilemma: How do we feed our growing and developing population? China’s middle class is expected to double over the next 10 years and will demand a higher protein diet. China has roughly 20% of the world’s population although only 7% of the world’s arable land.Goldman follows through on test 50-yr bond issuance to take in $1.3B
Submitted by Tyler Durden
"As we noted yesterday, Goldman was in the market for a 50 year bond at a token amount of $250 million. We speculated this was merely a test to gauge market interest in the space. Commercial real estate split into three different markets ...
"I commented on a post last week about commercial property values that Moody’s had reported a “trifurcated” market in which the values of “trophy” properties are already going up while the values of properties from distressed sellers are continuing to sink. David Geltner, a professor at MIT’s Center for Real Estate, fleshed out this interesting market situation in a separate commentary published on the Moody’s web site.
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