Thursday, September 01, 2011

@AllAmerInvest China, Bond King, Solar, Bufett, Concussion

China's Wave of Overcapacity

Is China's titanic economy finally running into the iceberg of overcapacity?

Problems at China Cosco Holdings Co. Ltd. suggest trouble ahead. Cosco, a giant state-owned shipping company, is locked into long-term contracts for chartering vessels that haul iron ore, coal and grain around the world. Many of those contracts were signed in the commodities boom, when the price for chartering a giant Capesize vessel peaked at around $200,000 a day. The price now is $10,000 a day.

The consequences of that collapse are showing up in Cosco's bottom line; the firm posted a loss of $420 million in the first half of the year.

By Bob DeMarco
All American Investor

Insight: The Bond King, The Pretender, and a job offer

The rivalry between two of the biggest names in the multi-trillion dollar global bond market, Bill Gross and Jeffrey Gundlach, has gotten more than just personal - after one appears to have claimed he was asked to take the other's job.

Bank of America Gets Buffetted

Last week, our financial Superman, the mild-mannered Midwesterner Warren E. Buffett, swooped in again to save another bank, the financial markets, the American economy and just maybe our precious way of life.

Solar Panel Company Goes Bankrupt, Leaving Taxpayers On The Hook For $535 Million In Stimulus Loans

Social Security Cash Flow Gets Even More Negative In 2011

Sports Concussion Toolkit

New AAN Tools Teach High School Coaches and Athletes How to Spot a Sports Concussion

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Original content Bob DeMarco, All American Investor