SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (16300)3/6/2002 4:48:55 AM
From: Maurice Winn  Read Replies (1) | Respond to of 74559
 
<W just wacked the Japanese, Koreans and Europeans on steel. Trade just got decreased a notch. With the expected retaliations, another notch. The direction is all wrong.>

I am not a happy chappy. Potential for major mayhem in there. You, me and Uncle Al seem to have the same opinion on that one [nice to have some agreement].

Definitely last post

Mqurice

.... hmmm, maybe gold isn't all bad if international trade flows stop. How will China, Russia, Europe, Japan, Korea, buy CDMA ASICs if they can't sell steel?



To: TobagoJack who wrote (16300)3/6/2002 5:01:06 AM
From: Snowshoe  Read Replies (2) | Respond to of 74559
 
Yup, 30% more

I wonder if this steel tariff will invoke the law of unintended consequences. Does it also affect manufactured products, or just raw steel? If it's only against raw steel, will U.S. appliance and auto makers now face a glut of cheaper imported manufactured goods?

The U.S. has this hypocritical policy of propping up the U.S. sugar industry against foreign competition from Elmatador and his neighbors. Recently the U.S. company that makes Lifesavers candies got fed up with the high U.S. sugar prices and decided to move their production to Canada. This is a good thing for Marcos, because he needs the money to pay the U.S. tariffs on his lumber!



To: TobagoJack who wrote (16300)3/6/2002 6:02:35 AM
From: elmatador  Read Replies (4) | Respond to of 74559
 
The falling plane is not jettisoning cargo. It is keep dead weight. Third World countries fail doing that.

The efficient parts of the economy, that already subsidizes agriculture, is going to subsidize steel. I don't know, maybe the Bush administration was convinced that steel is "strategic" and should be kept in production at the cost of the economic burden.