Month: January 2015

January 14, 2015 0

China’s Iron Ore Inventories Post Biggest Decline in Two Years; Yuan Observation; Pro-Cyclical Stupidity

By News Desk

The Australian Business Review reports Iron Ore Price Reverse Gathers Pace, With New 2 percent Decline At the end of the latest offshore session, benchmark iron ore for immediate delivery to the port of Tianjin in China was trading at $US68.50 a tonne, down 1.9 per cent from its previous close of $US69.80 a tonne, and just 4 per cent above the five-and-a-half-year low of $US65.70 reached just prior to Christmas. At the start of the year optimism in the iron ore sector was beginning to grow as the commodity staged a recovery of almost 10 per cent from its December trough, but once again fears of a dead cat bounce are surfacing as oversupply worries dampen investor interest. Iron ore lost about 50 per cent over the course of last year as surging supply could not be met by a similar lift in demand and expansion plans from major producers threaten to exacerbate the oversupply situation in 2015

January 11, 2015 0

Opps – Paris Attackers Funded by Pentagon Dinner Guest

By News Desk

CBS News would report in their article, " Qaeda-Linked Imam Dined at Pentagon after 9/11 ," that:   Anwar al-Awlaki – the radical spiritual leader linked to several 9/11 attackers, the Fort Hood shooting, and the attempted Christmas Day bombing of an airliner – was a guest at the Pentagon in the months after 9/11, a Pentagon official confirmed to CBS News.  Awlaki was invited as "…part of an informal outreach program" in which officials sought contact "…with leading members of the Muslim community," the official said.