Archive - Sep 3, 2010 - Blog entry
It’s Off to the Races at Molycorp
Submitted by madhedgefundtrader on 09/03/2010 23:17 -0500Despite lackluster market conditions, Molycorp managed to raise $394 million through its July IPO at $14/share. The company will use the funds to reopen the first rare earths production in the US since 1992, making it the largest such producer in the world outside of China. The hard asset crowd has been pouring in, making it one of the best equity launches of the year. An alternative energy, national defense, commodity, inflation play is a win-win-win-win. (MCP), (LYSCF).
Job Gains Providing a Ray of False Hope?
Submitted by Leo Kolivakis on 09/03/2010 22:46 -0500The August jobs report provided a ray of hope, but much more needs to be done to repair the devastation caused by the financial crisis.
Government Policy Caused America's Unemployment Crisis
Submitted by George Washington on 09/03/2010 15:41 -0500Through it's policies encouraging the offshoring of jobs, mergers, decreasing of economic activity to fight inflation, and allowing wealth to be concentrated in fewer and fewer hands, the government has channeled water away from U.S. jobs, creating the worsening unemployment drought ...
My Friend the Bear
Submitted by Bruce Krasting on 09/03/2010 12:14 -0500Another perspective on the NFP numbers.
Why Can’t We Be More Like Chile?
Submitted by madhedgefundtrader on 09/03/2010 08:21 -0500Counter cyclical Keynesian spending financed out of savings, instead of debt. Too bad they didn’t think about that here! Keynesian economists unable to gain a hearing in the US sell their wares in Latin America. (ECH), (CU).
Important Manufacturing Indicators Look Weak
Submitted by Econophile on 09/03/2010 00:06 -0500There are a lot of indicators that show continuing weakness in the economy which will lead to declines in output. Key indicators to me are the decline in factory orders and the build-up of inventories. I expect this trend to continue.
