Jim Letourneau's Blog

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Threats to Western Prosperity

While being served tea by The Economist, Stephen King serves up some straight talk on global competition for resources.

He's just written a book called - Losing Control: The Emerging Threats to Western Prosperity

This is not news to resource investors but I wonder at what point does China's steady accumulation of resources become viewed as a negative by more developed countries? Most resource investors like having "Chinese buying" as an exit strategy for their projects. At what point does selling out become contrary to national interests? This long developing theme is going to be gaining traction. Look for screaming commentators on CNBC soon.