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

To: Steve Lokness who wrote (10565)3/20/2004 8:10:43 PM
From: Raymond Duray  Respond to of 110194
 
Hi Steve,

The current high prices in lumber and steel are curious to me. Considering that lowering the tariffs should have brought cheaper foreign products back into the U.S. market, I cannot satisfactorily explain the current price spike in lumber. However, in the steel market, China is clearly having an impact.

I do find the situation to be "curious". :)



To: Steve Lokness who wrote (10565)3/21/2004 12:11:16 PM
From: Art Bechhoefer  Read Replies (1) | Respond to of 110194
 
Steve, the steel tariffs were imposed in an effort by the administration to attract more voter support in West Virginia, Pennsylvania, and Ohio, all of which are crticial to winning reelection this year. Of course, imposing a political decision where a rational economic one would be better in the long run amounts to business as usual.

Art


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