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

To: Raymond Duray who wrote (10564)	3/20/2004 7:07:39 PM
From: Steve Lokness	Read Replies (2) \| Respond to of 110194

Raymond Duray; Maybe I state the obvious, but didn't the problems with the balances in the steel industry begin with the tariffs by Bush? Once the government starts playing with supply and demand, the entire industry just seems to spin out of control. ........Have you seen lumber prices? Same thing!! Bush played with the tariffs on Canadian imports and the balances went haywire. Then just for good measure, the government went into the market and bought huge amounts of lumber all at one time for temporary buildings in Iraq! I don't think even China played a role in this mess - perhaps we are using China more as an excuse and should be looking closer to home. Just a thought. steve