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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (43579)	3/24/2002 5:05:15 PM
From: Joan Osland Graffius	Read Replies (1) \| Respond to of 99280

Zeev, >>is that why the US is imposing 30% tariffs on foreign steel? Because the cost of that commodity is such that the local manufacturer can't make money producing it? The steel industry has research studies at CMU, Harvard and other institutions used in the class room to show what happened in the US. It is not a secret as to the history of the steel industry in the US. IMO, the US steel industry was a problem of management not willing to use the global landscape to its advantage with government and economic policy hindering them from investing in the future of the US steel industry. Governments outside the US decided to invest in the industry and we decided not to be competitive. As far as gold is concerned, I understand your position. Am not saying you are wrong, just see things differently than you do. My background is from an economy where commodities were turned into cash only when needed for purchases. Currency was not considered a valuable asset. Am the first generation that is living with paper assets that supposedly have value - not exactly sure this is true - it can be destroyed to easily. Joan