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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Maurice Winn who wrote (72514)2/12/2010 8:59:50 PM
From: Snowshoe  Respond to of 74559
 
>>Laws work in such countries.<<

That depends. In the real world lots of contracts get "adjusted" when times are tough. Employers demand wage/pension concessions under threat of going bankrupt. Landlords drop rents if tenants threaten to skip out in the middle of a lease. Major oil companies demand price rollbacks on existing drilling contracts, else they'll put the service company on a black list for future work.

Maybe those iron-ore futures contracts should have contingency clauses to allow for price/volume adjustment during times of extreme economic volatility.



To: Maurice Winn who wrote (72514)3/30/2010 3:39:25 AM
From: Snowshoe  Read Replies (1) | Respond to of 74559
 
On Monday the Shanghai court sentenced former Rio Tinto exec Stern Hu to 10 years in prison. He did confess to bribery but the industrial espionage charges are still somewhat of a mystery. Foreign business people are going to be more careful about dealing with China from here on out.


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