China Banks

[specuvestor]

Demand and supply are created. It doesn't come naturally just as your job doesn't come naturally by some invisible hand. I will wait for the day when Rubles have a significant trading volume in global trade even when they are top5 global oil producer. Or for that matter OPEC currencies. Go ask if anyone or companies in Singapore's O&G sector if they interested to price invoices in Rubles... that would be the proof of the "horse feather" isn't it?

http://en.wikipedia.org/wiki/Feathering_(horse)

RMB OTOH will be a global trade currency and reserve, which is discussed in many threads. It doesn't come naturally as well and it is as invisible a hand as Maradona's hand of God.

Go read up more on Petro$ and meaning of hard currencies. LIBOR market was created around when US was peak oil production, and the shock that the US superpower is hostage to oil.

Modern ships are of course not scrapped... they are modified or simply refused delivery (what happened to the paperwork that some are so focused on?)... remember 2008 not too long ago when BDIY collapsed 90%? And we always talk about AGGREGATE supply. What happens when older fleet are scrapped? Why do u only concentrate on newbuilds? The average age of the global fleet (across different sectors) are roughly like 15-20 years.

Marginal changes in aggregates are most important to commodities or is that also superficial knowledge compared to your superior economist eyes focusing on "newbuilds"???

Since you are into US stocks... remember Kodak, Borders and Circuit City to name a few? EVEN IF parts of bankrupt entities closed and parts of them sold... can the AGGREGATE production remain the same?? If you are into stock indices you should know that past century Dow components all changed except one... how can u say businesses can continue as it is, come bankruptcy or not, all the more concerning bankruptcy of a major bank?

You're in one of your illogical textbook tirades again. I'm done and let the readers decide.