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Petróleo Brasileiro S.A. - Petrobras Message Board

  • musketeernumberone musketeernumberone Nov 2, 2008 6:00 AM Flag

    Win: Vale (RIO) cuts production 10%

    The stock is so beat-up that the news didn't move it much. But across the industry cuts in iron ore production is not a good sign for global economic growth growing forward.

    from forbes: http://www.forbes.com/markets/2008/11/01/vale-iron-closer-markets-equity-cx_ra_1031markets39.html?feed=rss_markets

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    • GOOD MORNING, WINS... AND THANK YOU FOR YOUR ENTERTAINING POST....

      muskie you gotta stop being so emotional. OK... NO MORE LAUGHTER, NO MORE TEARS, NO MORE ANGER, NO MORE INCREDULITY, NO MORE PROFANITY, I PROMISE!

      And pay closer attention to what I've been saying. OK, I'LL TRY, BUT IT AINT GONNA BE EASY.

      China faces no credit issues for infrastructure spending. You doubt that? I GET YOUR POINT, ALTHOUGH I DON'T FULLY SHARE IT. YOUR STATEMENT IS DECEPTIVELY COMPLEX SO LET'S BREAK IT APART...CREDIT ISSUES: YES THEY DO AND WILL HAVE THEM AS REFLECTED IN CHANGES IN CENTRAL BANK POLICIES. IMPACT ON OTHER DOMESTIC POLICIES, ESPECIALLY REGARDING ECONOMIC DEVELOPMENT; YET THEY HAVE SERIOUS ISSUES AND POLICIES WILL BE ADJUSTED AS A RESULT. IMPACT ON INFRASTRUCTURE SPENDING... YES, INFRASTRUCTURE SPENDING WILL BE AFFECTED, BUT MAYBE NOT THAT MUCH 9THAT'S YOUR POINT, RIGHT). IRONICALLY, THE CRISIS MAY CAUSE CHINA TO INCREASE GOVERNMENT SPENDING ON INFRASTRUCTURE BECAUSE INTERNATIONAL CAPITAL WILL NOT BE AS AVAILABLE ... DO TO THE CRISIS. CHINA'S CURRENT ISSUES ARE PRETTY WELL DOCUMENTED; YOU CAN BELIEVE WHATEVER YOU WANT...

      You can disagree all you want but their economy is centrally planned and they are a CREDITOR nation. THAT DOES NOT MEAN THEY WILL NOT CONTINUE TO FEEL THE IMPACT OF THE CREDIT CRUNCH AND GLOBAL RECESSION.

      Cement, steel, and energy for continuing infrastructure build will continue to be needed and I don't see this slowing down. WHAT PLANET DO YOU LIVE ON? DEMAND IN CHINA HAS ALREADY ALREADY SLOWED, A FACT WELL DOCUMENTED IN THE PRESS, IN THE MARKETS AND ANECDOTALLY. CHINA IS REDUCING IMPORTS OF VIRTUALLY EVERY COMMODITY AND CLOSING FACTORIES THAT ARE PARALYZED FOR LACK OF WORK. CHINA'S INTERNATIONAL TRADE HAS SLOWED SIGNIFICANLTY AND, OF COURSE, THIS IMPACTS THE DOMESTIC ECONOMY. OOOPS... TOO MUCH EMOTION --- SORRY, I'LL TRY TO BE GOOD. LOL


      Falling property values in china does not mean the same nor does it necessarily provide the same indicator to the overall health of their economy(and commodity -related demand) as it would with that in America. OK. IT'S NOT "THE SAME", IT'S DIFFERENT, BUT STILL VERY SIGNIFICANT. YOU LIKE TO TALK ABOUT THE HEALTH OF THE CHINESE ECONOMY, SO SHOW ME ONE INDICATOR THAT HAS BEEN UNAFFECTED, SHOW ME (US) ONE BIT OF EVIDENCE THAT NOTHING HAS CHANGED... THE EVIDENCE TO THE CONTRARY IS OBVIOUS TO ANYONE WITH OPEN EYES AND HAS BEEN POSTED AD NAUSEUM ON THIS AND OTHER BOARDS.

      You gotta stop imposing American-centric thinking on to a global economy and you gotta think for yourself rather than listening to media hype about some global recession which is really speculative at this point...especially in terms of how it will effect GLOBAL demand for raw materials. The OECD countries are no where near as relevant as they used to be in terms of global raw material demand. I THINK YOUARE INSULTING ME TO GET ME TO BE EMOTIONAL, BUT IT WILL NOT WORK: I WILL BE CALM. I WILL BE RATIONAL. THIS TOO SHALL PASS. FYI: I LIVE IN BRAZIL, I SPEAK 3 LANGUAGES, I AM NOT AMERICAN CENTRIC, I KNOW HOW TO THINK FOR MYSELF. I "GET" WHAT IS HAPPENING IN THE WORLD TODAY AND I GET THAT NOTHING I CAN SAY WILL CONVINCE YOU TO CHANGE YOUR MIND.

      This is nothing new if you been paying attention. ...but I guess you don't think things ever change. TO THE CONTRARY: OBAMA'S WIN MAKES TODAY IS A GOOD DAY TO THINK ABOUT CHANGE... IN THE WORDS OF THE NEVILLE BROTHERS SONG: "IT'S BEEN A LONG TIME COMING, BUT CHANGE IS GONNA COME".

    • muskie you gotta stop being so emotional.

      And pay closer attention to what I've been saying.

      China faces no credit issues for infrastructure spending. You doubt that?

      You can disagree all you want but their economy is centrally planned and they are a CREDITOR nation.

      Cement, steel, and energy for continuing infrastructure build will continue to be needed and I don't see this slowing down.


      Falling property values in china does not mean the same nor does it necessarily provide the same indicator to the overall health of their economy(and commodity -related demand) as it would with that in America.

      You gotta stop imposing American-centric thinking on to a global economy and you gotta think for yourself rather than listening to media hype about some global recession which is really speculative at this point...especially in terms of how it will effect GLOBAL demand for raw materials. The OECD countries are no where near as relevant as they used to be in terms of global raw material demand.

      This is nothing new if you been paying attention. ...but I guess you don't think things ever change.

    • I am not done with you yet. Musky!

      For one thing, your article is way outdated, September 19, EXECUSE ME!!! -:)

    • Please, say it aint so. I have RIO and SID for a long time now.
      Lillie

    • I wouldn't get too alarmed about some big global slowdown in infrastructure spending just yet....especially in China. Actually, I think it's just the opposite of a pump and dump having followed China these last few years...


      An Australian mining executive speculated that "interest groups" might be "gaming" the system to pressure the Central Government to scrap export taxes, local governments to extend assistance and mining companies to agree to lower long-term contract prices for commodities like iron ore.

      http://business.theage.com.au/business/as-demand-slumps-china-closes-steel-mills-20081031-5fhh.html?page=2

 
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