Wednesday, October 20, 2010

BBC News - US inquiry into China rare earth shipments

BBC News - US inquiry into China rare earth shipments: "They are used in everything from catalytic converters in cars to computer monitors, TVs and in pharmaceuticals."
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I guess "rare earths" is a Brit phrase. I think we would call these rare deposits or something like that. Anyway, it sounds like one more thing to pressure prices through-out the world. I wonder what the Fed and its counterparts around the world will do behind the scenes to keep countering inflation. Buying up massive amounts of debt (which is really just transferring it out of public view, not getting rid of it) can only work for so long.

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