Instead, the report itself admits that by the time a detailed design has been sketched out and the bidding process finished, actual construction of the store may not start until at least 2035.

ECONOMIST: Nuclear waste

If things go well for U.S. Steel, the long equity position likely offsets whatever loss you would take on the CDS. U.S. Steel is far from immune to the price impact of Chinese demand, he says, and as a vertically integrated steelmaker it has exposure all along the process from iron ore to finished products.

FORBES: Blue Mountain's Andrew Feldstein: Three Ways To Play A More Volatile Steel Industry