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CMA Shipping 2011

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Despite the extent and improving quality of data coming out of China, we have never been true believers to the core. While the quality and extent of the data emanating from China has much improved, much of what is known is anecdotal, logical and belief driven. In fact, our whole industry is making a bet on China’s becoming the pre-eminent manufacturer and consumer of commodities as it grows to meet the needs of its people and the world. And, while the data supports this view, we should not forget that this is a managed economy and the ultimate guiding principals are unknown to us but assuredly driven by self-interest.

This is only an excerpt of Heresy

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Written by: | Categories: Freshly Minted, Market Commentary | May 12th, 2011 |


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