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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 (8969)	2/29/2004 3:34:32 PM
From: Condor	Read Replies (3) \| Respond to of 110194

Re: Steel shortage ...and a year ago, sanctions against imported steel charging dumping. Tomorrow....laws against exporting scrap and new steel?... as evidenced by: One possible solution would be for the U.S. to limit the export of scrap steel to China, McCain said. Then we go on to read: "There really is enough scrap in this country to make steel," McCain said. "The problem is the Chinese are outbidding us." It would seem to me that in the bastion of the free world free enterprise system the "problem is the whiners aren't bidding enough". The solution...let's get government involved???? How about...everyone get out of the way and let capitalism solve the problem through supply and demand dictates/resourcefullness. Sorry for ranting but one year ago the mantra was..."don't allow steel into the country" and now " we're short of steel". WTF? Cheers C

To: russwinter who wrote (8969)	2/29/2004 8:00:29 PM
From: mishedlo	Read Replies (1) \| Respond to of 110194

From Harmy on my board on the FOOL Anyone still think that China is just a flash in the pan ?? At around 100k tons per load this represents 100 round trips per bulk carrier per year. Averaging around four trips per year this means twenty five new carriers to be built. Regards Harmy BHP Billiton <BHP.AX><BLT.L> chief executive Chip Goodyear has called a press conference in Beijing today, with Australian analysts predicting the announcement of a significant strategic alliance between the company and Chinese industry on the supply of iron ore. Analysts yesterday said they expected a deal comparable with that between Rio Tinto <RIO.AX><RIO.L> and Baoshan Iron & Steel <600019.SS>, which involves the purchase of at least 10 million tonnes of ore a year for 20 years.

To: russwinter who wrote (8969)	3/1/2004 5:56:41 AM
From: Crimson Ghost	Read Replies (1) \| Respond to of 110194

How the "establishment" is spinning things now. BUSINESS WEEK admits in its latest issue that the inflation cycle is turning upward. But they put the blame on China and say nothing about Greenie's ultra inflationary monetary policy. Furthermore they project just a modest hike in price pressures and argue that this would be a net plus since it will give American companies some pricing power. They also admit that previous expectations for a sharp drop in oil prices were misplaced. But in their discussion of the factors influencing energy prices, the weak dollar is never mentioned.