Author Archives: Mart

A Glut of Metal Stocks in China Spells Doom for Mining Companies and Australia

Chinese construction has sowed the seeds of its own destruction, and that of the commodity producers who have supplied it. The unprecedented build up of metal stocks in China suggests the global economy is in real trouble, Reuters reported yesterday.
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Damage to Business Forces British Columbia to Rethink Carbon Tax

Here is more evidence of the global retreat from climate change policies. British Columbia, which enacted a bold set of climate change policies designed to dramatically reduce its greenhouse gas emissions five years ago, has now called for an extensive review, National Geographic reports.
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Looming Electricity Shortages are Killing Jobs in Britain

Disadvantaged by carbon emissions regulations, the developed world is losing jobs to the developing world at an alarming rate. But nowhere is investment more threatened by energy policy than in Britain, the only country in the world which is committed to closing down virtually all of its economy, so that it can cut emissions of carbon dioxide and other greenhouse gases by 80% of 1990 levels by 2050.
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Weakening Metals Prices Presage Weaker Stock Markets

With Austerity in Europe and China’s property bubble deflating, it is not surprisingly that metals prices are weakening. But unless something drastically changes to push fundamental demand of metals higher, or the outlook for equities is not good, says Morgan Stanley.
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Eyes Wide Shut as Spain’s Banking System Collapses

As Spain collapses into depression, its banks are holed below the waterline and sinking rapidly, because they are the only remaining buyers of Spain’s sovereign debt. The government, unable to provide state aid to its banks, is desperately bending over backwards to hide the true state of its financial sector.
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