Robert Nabloid

Big Mining Is in Big Trouble

"Teck had the misfortune to acquire The Fording Canadian Coal Trust this year when commodity prices for coal and its other primary product, zinc, plummeted"

My grandma had the misfortune of owning some of those Fording Canada Coal Trust shares - They were paying outstanding dividend yields (I can't remember if it was 15% ish or 30% ish, but it was very high!) - but Teck stole it from us! At least they paid well... LOL. I was surprised it still went through! I wouldn't have minded her still owning the shares instead. They gave her some Teck shares and some cash if I remember correctly...

"Bear in mind also, that as long as the inclination of fiscal government is to boost economic growth by Keynesian capital over-saturation and its attendant low interest rates and loose terms, the peaks and troughs of these cycles will continue to amplify as the global economy continues to merge and grow."

I agree fully. Keynes died. For some reason they're trying to revive him and put him on steroids as it he won't just keel over again after making the mess bigger. Oh well, I guess if you invest in the right areas we can take advantage of the foolish system. Still sad that they can't comprehend such basic economic ideas like "live within your means".