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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (3833)	12/24/2003 9:42:36 AM
From: mishedlo	Read Replies (1) \| Respond to of 110194

Durable goods - From Minyanville Durable goods orders fell 3.1%; the Bloomberg consensus was looking for a 1.0% gain. While there were some slight upward revisions this erases most of last month's 4.0% gain. This was an odd number in that 80% of the drop was accounted for by a plunge in communications equipment orders. Given that oddity, the 10-year has only gained a quarter of a point as traders try to figure out if the number is the beginning of a trend or an anamoly.

To: russwinter who wrote (3833)	12/24/2003 11:33:26 AM
From: Rarebird	Read Replies (1) \| Respond to of 110194

<Steady surge in almost all steel prices for Dec> China's steel output is already up 15 percent this year to an estimated 210 million tons. That makes China the world's largest steel producer with shipping lines and iron ore mines worldwide working day and night to supply it. Chinese provinces are already erecting additional steel mills with combined annual capacity of 120 million more tons. That is an enormous increase in steel producing plant and equipment. Now, China has just announced that it will start stockpiling oil - to the tune of $US 50 Billion for starters. Steel and oil, the sinews of war. One must now wonder what China is preparing itself for.