[1rudeboy]

One of these days, someone needs to explain the phrase "can't win for losing" to me.

BNI was a China play. LOLOLOL

[NVDave]

China ain’t going to go along with the AGW horsecrap. China has a nearly insatiable appetite for coal, as well as ag commodities.

If the tofu-for-brain ninnies shut down coal-fired power generation here in the US, the coal can find another home - namely, China. The major costs are already sunk into the major mines in places like Utah, Wyoming and Montana. All they have now are the variable expenses of labor, taxes, electrical power, etc. The shovels, loaders, trucks, etc - they’re already bought and paid for. The train terminals are already there. Coal augers just as well as ag commodities, so it takes very few people to handle huge quantities.

[Mase]

I don't doubt that there are many reasons why Buffet bought BNI. I'll take him at his word though that one of the biggest reasons he made this buy is that he's anticipating a good dose of inflation down the road and, holding a lot of cash, he wanted to be invested in working assets rather than cash.

Wal-Mart still purchases less than 10% of their inventory from China but that won't stop the Wal-Mart bashers from doing what they do best.