Friday, October 24, 2003

Time to invest in mining companies?

Today's WSJ had two articles that seemed much more significant if read together than in isolation. The latter is probably what happened most of the time though because they were in different sections.

The first one noted that the Bush Administration has reversed a Clinton-era asininity that crippled mine operators and consequently their headcount. Environmentalists will scream bloody murder of course, but then that's just what they do.

The other was about China. Many people had been concerned that China would flood the world with cheap goods and destroy prices. Now they're finding out that as Chinese get more affluent, they're dragging the commodities markets upward. Put those two together and...

No comments: