Stefan Zweig pegged it right after all. In the late 1930s, the Austrian playwright and writer sought relief from war-torn Europe and settled in Brazil. He loved it. In 1941, he moved there and wrote his book Brazil: Land of the Future. Brazil, he thought, “was destined to become one of the most important factors in the development of our world.”
August 20th, 2010 | Chris Mayer | 0 comments | ContinuedAll Posts Tagged With: "steel"
Let the Good Times Roll
Can you be a world dominating company when there’s inherently cyclicality and volatility in the underlying price of the commodity you produce? Or even more simply can commodity stocks be world dominators? If you accept the premise that you’re investing in a great transitional period in history where, generally speaking, standards of living are falling in the West and rising in the East, what Australian companies (if any) are in the best spot to dominate (or at least profit) from this trend?
July 27th, 2010 | Dan Denning | 6 comments | Continued
Iron Bulls and Budget Fudges
You can’t have steel without iron ore. And you can’t have a resource boom without an iron ore boom. Just ask the government. It’s counting on soaring prices for iron ore and coal (along with soaring volumes) to deliver an extra $6 billion windfall to Federal coffers, according to today’s Australian Financial Review. The government cutting its deficit next year and returning the nation’s finances to surplus by 2012-2013 when the new bill of attainder becomes the law of the land.
July 15th, 2010 | Dan Denning | 10 comments | Continued
The World Hums
And once again the world is humming. World steel production hit a new all-time record in March, according to the World Steel Organisation. Global steel mills cranked out 120.3 million tonnes of steel, an increase of 30.6% from the same time last year.
April 27th, 2010 | Dan Denning | 2 comments | Continued
Paying the ‘China Price’ and Back to Basel … Again
It’s true that we’re not breaking any new ground in showing that Chinese steel production is unsustainable. But the more interesting question is why China has chosen this path. Is it to achieve the build out of national infrastructure, a process which …
April 20th, 2010 | Dan Denning | 6 comments | Continued
