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Iron ore was in a 100-year bear market until China's mid-2000 boom, says Jim Chanos at London's...

  • Monday, November 19, 2012, 12:34 PM ET
    Iron ore was in a 100-year bear market until China's mid-2000 boom, says Jim Chanos at London's Ira Sohn conference, and reiterating VALE as one of his favorite shorts. Of another Brazilian giant (and another favorite short) - Petrobas (PBR): "Every single dollar that comes in is going back out and yet production is declining. That is not a business."
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  •  
    I so agree with him regarding PBR. Hard to even call them a business now. They are really just a agency of the government. Their 5 year business plans so the same level of progress as the Soviet Unions 5 year plans did.
    19 Nov 2012, 02:12 PM Reply Like
  •  
    I received your message. On the contrary, my comment was directly related to the "yoke" issue....perhaps my comments were somewhat inconvenient ! Here is an excerpt of your message: "Dear Armando Rozario,
    We have deleted your comment because it contains material that is unrelated to the topic under discussion.

    If your comment contained a substantive point about the article, we encourage you to resubmit it without the material that forced us to delete it. "
    21 Nov 2012, 10:16 AM Reply Like
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