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Gold/Mining/Energy : Precious and Base Metal Investing
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To: I_C_Deadpeople who wrote (28671)3/20/2004 2:12:44 AM
From: Andrew  Read Replies (1) of 39344
 
Have a look at the steel stocks performance.

These are the late cycle plays.

By the time these stocks are performing and are profitable the cost of steel and other materials kill the economy.

Kind of like the $1.50 Copper roof.

This times different right? or so goes the famous saying.

Yeah US need to weaken the dollar to be more competitive of foriegn markets but American companies and consumers get wacked by high raw material costs.

And so on goes the economic cycle.

Anyone else see double digit rates by the end of the decade?

I think Elizabeth was the one that got it exactly right. We are not heading for Stagflation, what we are heading for hasn't even got a name yet.
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