tag:blogger.com,1999:blog-2335748440449035592.post7397298067641900144..comments2008-05-29T09:37:46.852-04:00TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-2335748440449035592.post-13504859012231307422008-05-29T09:37:00.000-04:002008-05-29T09:37:00.000-04:00Jim,<BR/>Someone sent me a report yesterday detailing that (not from WSJ) and it is something I've been thinking about for a while, and the implications. Remember, this fall it was costing more to SHIP iron ore from Brazil to China than the actual iron ore itself.<BR/><BR/>It has some massive implications - I think in one of these comments areas we began discussing it, but it has a lot of implications. Many more things will be forced to go local AND a lot of benefits from "the new era of trade" will dissipate to some degree. But still thinking it through and again, I do believe there is a good chance energy prices take some break due to demand destruction before restarting up. So after perhaps some recession the next recovery in 2011+ will be where that really comes into play.TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-57948626752582361982008-05-29T09:16:00.000-04:002008-05-29T09:16:00.000-04:00a good video on wsj, "Transportation costs reversing globalization" was hoping you had a chance to view it and was wanting you thoughts on his thesis, seems to have important implications that i have not thought about before. Also there was a good wsj article about how Brazil is no longer the low cost meat producer it once was. Interesting stuff. "Food Inflation Robbing Brazil Of Low-Cost Producer Status"jimideanhttp://www.blogger.com/profile/07565061657887275998noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-81155292249582893802008-05-28T19:19:00.000-04:002008-05-28T19:19:00.000-04:00Yep.. coal is definately the general. I cant believe just a few short weeks ago, I had a position in CLF at 105. Before the split. GAH!!!!<BR/><BR/>This might be a group that gets away from me.Risk Manager Jeffhttp://www.blogger.com/profile/14994763012317049832noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-70939443402045297192008-05-28T16:46:00.000-04:002008-05-28T16:46:00.000-04:00Doesnt matter what GDP is, thats backward looking my friend! We are looking AHEAD. You know. To the 2nd half recovery!TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-37797109104737465312008-05-28T16:36:00.000-04:002008-05-28T16:36:00.000-04:00I am right next to you my friend praying for a pull back that never happens! Damn we lost the steam in vix today.. not a good sign for bears ...unless the phony GDP report does something to bring everything crashing down!! <BR/><BR/>Cheers... <BR/>PankajPankajhttp://www.blogger.com/profile/13478816568647309907noreply@blogger.com