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

To: Archie Meeties who wrote (10431)	3/19/2004 12:17:42 AM
From: Jim Willie CB	Read Replies (1) \| Respond to of 110194

China has been grossly underestimated by US observers the economists love to turn to past cycles because they are lazy and poorly trained China, since 1999, has changed the world esp in mfg India in the last few years has also changed the world esp in service only since US weak-eyed observers have detected the massive job underperformance, have they finally figured out the extent of the threat to the entire US Economy but they deserve little credit since they waited until the evidence slapped them across the face they did not see anything coming the US Economy is in liquidation and economists label it a recovery there is a recovery underway, the world economy led by Asia, at US expense for capital and jobs this is tragically sad / jim

To: Archie Meeties who wrote (10431)	3/19/2004 7:09:20 AM
From: Crimson Ghost	Read Replies (1) \| Respond to of 110194

The Fed's moronic policy of keeping the funds rate at 1% encourages all kinds of leveraged speculation -- in commodities as well as bonds and currencies. This has helped push the price of numerous commodities even higher than justified by bullish fundamentals IMHO. I have little doubt most commodities will correct substantially when (if) the Fed starts to tighten even a little. But until then the sky is the limit.

To: Archie Meeties who wrote (10431)	3/19/2004 11:16:28 AM
From: russwinter	Read Replies (6) \| Respond to of 110194

So much for the idea that steel prices can't be passed on to finished good producers: Reuters UPDATE - Nucor raises profit forecast, shares surge Friday March 19, 10:08 am ET NEW YORK, March 19 (Reuters) - Nucor Corp. (NYSE:NUE - News), the largest U.S. steel producer, on Friday almost doubled its quarterly earnings forecast due to the higher prices and strong demand that have sparked an industry-wide recovery, sending its shares up 7 percent. The company also said lower pre-operating and start-up costs have helped its performance. Charlotte, North Carolina-based Nucor said it expects to earn between 80 cents and $1 per share in the first quarter, compared with an earlier forecast of 40 cents to 60 cents. Steel prices in some grades have surged more than 30 percent this year, driven in part by voracious Chinese demand for the metal. Nucor is one of the largest U.S. steel "minimills," which make steel by melting down scrap metal. Nucor and other minimills have imposed surcharges on their customers to offset increasing costs of scrap metal. Nucor said the surcharge has been effective in countering those higher costs.