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Strategies & Market Trends : Commodities - The Coming Bull Market -- Ignore unavailable to you. Want to Upgrade?

To: craig crawford who wrote (1409)	7/30/2002 9:38:58 AM
From: chomolungma	Read Replies (1) \| Respond to of 1643

Under a headline, "Steelmakers Post Improved Results for 2nd Quarter," a reporter writes: "Buoyed by import tariffs, the country's two largest steelmakers reported vastly improved second-quarter results, as mills operate at nearly full capacity and prices rise. Don't forget all the other articles that have chronicled the distress that the steel USERS have been coming under. They are competing against companies who have access to cheaper steel and will not be able to compete. Oooops. Didn't think of that, did you?

To: craig crawford who wrote (1409)	8/1/2002 5:41:50 AM
From: maceng2	Read Replies (3) \| Respond to of 1643

a crisis in manufacturing. U.S. companies have been closing factories, shedding workers and building plants in Mexico and Asia. As goods produced by $2-an-hour foreign labor poured into the United States, they have killed off many remaining U.S. factories. I'm glad that USA manufacturing is beginning to recover. I would like to work there again for a start. The weaker dollar will help also. The rest of the arguments look full of holes though. All I can say is look at recent history. The Hawley Smoot Act was a disaster. Trade barriers = less trade = Less hot economy = recession imho. Some well-to-do guys will do OK out it though. Nearly everyone else will suffer. OK you may see some jobs protected in the short term. I look to the 1930's to see what the longer term effects are. An example of a $ Billion going straight into the rich guys pocket as a direct result of the tariffs. observer.co.uk