Comments on: Steel, a leading indicator on the economy, could be turning negative http://jubakpicks.com/2009/09/14/steel-a-leading-indicator-on-the-economy-could-be-turning-negative/ Sun, 12 Feb 2012 18:19:20 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: robert1234 http://jubakpicks.com/2009/09/14/steel-a-leading-indicator-on-the-economy-could-be-turning-negative/comment-page-1/#comment-794 robert1234 Wed, 16 Sep 2009 02:28:55 +0000 http://jubakpicks.com/?p=1164#comment-794 I listned to a wise man, who said we traded the flue today for cancer tomorrow. What he ment was we borrowed our way out of this collaps, only to dig our way in depper. However it seems we didnt borrow our way out, but rather Goldman sachs put a high speed trading hook into the market's mouth, and simply dragged it up, and every time it trys to go down, GS drags it back up again. Steel, well, maybe it went up, cause folks saw the market going up, so they bought steel, and now reality is showing it's ugly face, so steel is coming back down. The truth is, consumer spending is in the toilet, they expect a terrible Christmas season, China has borrowed to drive it's economy, the USAis the only global consumer nbation, and USA needs debt to buy.... and the only equity Americans have left are their houses, and house prices are falling, and the powers say we will see another 25% drop.. AND THE MARKET IS GOING UP LIKE CRAZY AND IT SHOWS NO SIGNS OF EVER COMING BACK DOWN ! I listned to a wise man, who said we traded the flue today for cancer tomorrow. What he ment was we borrowed our way out of this collaps, only to dig our way in depper.

However it seems we didnt borrow our way out, but rather Goldman sachs put a high speed trading hook into the market’s mouth, and simply dragged it up, and every time it trys to go down, GS drags it back up again.

Steel, well, maybe it went up, cause folks saw the market going up, so they bought steel, and now reality is showing it’s ugly face, so steel is coming back down.

The truth is, consumer spending is in the toilet, they expect a terrible Christmas season, China has borrowed to drive it’s economy, the USAis the only global consumer nbation, and USA needs debt to buy…. and the only equity Americans have left are their houses, and house prices are falling, and the powers say we will see another 25% drop..

AND THE MARKET IS GOING UP LIKE CRAZY AND IT SHOWS NO SIGNS OF EVER COMING BACK DOWN !

]]> By: Ghagan http://jubakpicks.com/2009/09/14/steel-a-leading-indicator-on-the-economy-could-be-turning-negative/comment-page-1/#comment-791 Ghagan Tue, 15 Sep 2009 18:53:02 +0000 http://jubakpicks.com/?p=1164#comment-791 Jim posted an article in Feb 2008 about the impending pension crisis which is still playing out. The article ( which was a full 6 months prior ) was errily acurate as to the financial crisis and susequent bailouts. I'm wondering about Jim's ( or everyone else's ) thoughts about the ongoing pension issue as well as potential for a double dip recession. Isn't the second dip always the worst? I saw Gietner grinning at a town hall meeting last night. It was Deja Vu of "Mission Accomplished". Jim posted an article in Feb 2008 about the impending pension crisis which is still playing out. The article ( which was a full 6 months prior ) was errily acurate as to the financial crisis and susequent bailouts. I’m wondering about Jim’s ( or everyone else’s ) thoughts about the ongoing pension issue as well as potential for a double dip recession. Isn’t the second dip always the worst? I saw Gietner grinning at a town hall meeting last night. It was Deja Vu of “Mission Accomplished”.

]]> By: viwi http://jubakpicks.com/2009/09/14/steel-a-leading-indicator-on-the-economy-could-be-turning-negative/comment-page-1/#comment-782 viwi Tue, 15 Sep 2009 04:02:12 +0000 http://jubakpicks.com/?p=1164#comment-782 BDI is the best indicator, and right now it does not look good. BDI is the best indicator, and right now it does not look good.

]]> By: bobisgreen http://jubakpicks.com/2009/09/14/steel-a-leading-indicator-on-the-economy-could-be-turning-negative/comment-page-1/#comment-780 bobisgreen Tue, 15 Sep 2009 01:50:19 +0000 http://jubakpicks.com/?p=1164#comment-780 The reason these are "interesting times for investors" is because we've not been down this road before, well, maybe a similar road, but the "weeds" and landscape are a little different. I can't remember a time when the talking heads weighed in the arena in glorious fashion. Many of them are missing it. The market will continue to rise for a while. Jim and a couple of others have it about right...WATCH THE DOLLAR, INFLATION and comodity prices connected with steel, food and oil! If that won't give you a headache, it will make you dizzy. The reason these are “interesting times for investors” is because we’ve not been down this road before, well, maybe a similar road, but the “weeds” and landscape are a little different. I can’t remember a time when the talking heads weighed in the arena in glorious fashion. Many of them are missing it. The market will continue to rise for a while. Jim and a couple of others have it about right…WATCH THE DOLLAR, INFLATION and comodity prices connected with steel, food and oil! If that won’t give you a headache, it will make you dizzy.

]]> By: Chris http://jubakpicks.com/2009/09/14/steel-a-leading-indicator-on-the-economy-could-be-turning-negative/comment-page-1/#comment-778 Chris Mon, 14 Sep 2009 23:19:34 +0000 http://jubakpicks.com/?p=1164#comment-778 I'm curious as to how the capacity of empty buildings would play in to this. An awful lot of half empty shopping centers & office buildings seem to me, would/are create(ing) a glut of inventory, or more specifically no real need to build anytime soon. Thus pushing down prices. I’m curious as to how the capacity of empty buildings would play in to this. An awful lot of half empty shopping centers & office buildings seem to me, would/are create(ing) a glut of inventory, or more specifically no real need to build anytime soon. Thus pushing down prices.

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