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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (154551)3/17/2020 9:04:45 AM
From: carranza21 Recommendation

Recommended By
Dr. Voodoo

  Read Replies (1) | Respond to of 217975
 
Report from NOLA, which thanks to Mardi Gras crowds, did more to spread Cv than anything:

Quarantine in place is preferred mode, but not enforced except all bars, restaurants, gyms, etc. are closed. If I recall correctly, congregations of more than 50 prohibited.

Hospitals overwhelmed, per MD friend report. Advice: Don’t bother to go unless breathing is a problem.

Personally, young 45 year old lawyer I litigated a couple of construction cases with on life support, one elderly member of men’s club has died.

Idiots insisted on celebrating St. Patrick’s day.

uptownmessenger.com



To: TobagoJack who wrote (154551)3/17/2020 5:00:05 PM
From: bull_dozer1 Recommendation

Recommended By
Dr. Voodoo

  Respond to of 217975
 
As Gold Plunges, Chinese Investors Find New Haven in Steel Rods

Investors in China have found an unlikely new hiding place from the chaos engulfing financial markets.

The price of steel reinforcement bar, the somewhat unglamorous but ubiquitous commodity used to strengthen concrete, has risen almost 5% over the past month in Shanghai. Over the same period, gold -- the traditional haven amid turmoil -- has dropped more than 5% as investors sell to cover losses in other markets.

Rebar’s unexpected ascent as a financial sanctuary comes as Chinese investors bet that Beijing is going to embark on a massive bout of stimulus to help prop up the country’s economy in the aftermath of the coronavirus, boosting demand for raw materials used in construction.

“We are calling rebar, ‘rebar gold’ these days, as it has became a haven asset during this global crisis,” said Wu Yijie, an analyst at Shanghai Dalu Futures. “We believe the Chinese government will greatly bolster infrastructure spending as they did post-SARS to boost domestic consumption.”


finance.yahoo.com