These are the same CEOs who wanted to spend tens o
Post# of 8059
Posted On: 08/13/2012 12:37:04 PM
These are the same CEOs who wanted to spend tens of billions on expansion too and had to pull back. they are always going to say upbeat things...hell they canned a guy who said the opposite.
I was hopingnthey were right six months ago when they were the only optimistic ones left regarding China and ore prices. Weve since gone below everyones expectations. Call it partial wall st speculation, but i dont think its as abundant as it is in others like oil, where sixty percent of the contracts are speculative. The demand innthe market HAS slowed, aleit likely a temporary thing. I just worry these big companies will over produce, but if the US can get funding for some inrastructure and japan gets going, those wuld behelpful true market boosters, of which would probably help speed up europe too. The reason china has slowed is because of fewer imports to europe. The austerity there has far reaching impacts. And the Ryan Plan calls for massive austerity here, something that shouldnt even be considered until unemployment is back to normal, IMO. Democrats had to compromise with Rublicans in Congress or else the debt ceiling wouldnt have been allowed to be raised, and because of that spending cuts have made for almst a million government jobs so far.....important and good paying jobs too. Those million jobs would be HUGE for the economy right now. Its like bailingnwater with the plug missing from the bottom of the boat, counterproductive and waste of time and energy.
I was hopingnthey were right six months ago when they were the only optimistic ones left regarding China and ore prices. Weve since gone below everyones expectations. Call it partial wall st speculation, but i dont think its as abundant as it is in others like oil, where sixty percent of the contracts are speculative. The demand innthe market HAS slowed, aleit likely a temporary thing. I just worry these big companies will over produce, but if the US can get funding for some inrastructure and japan gets going, those wuld behelpful true market boosters, of which would probably help speed up europe too. The reason china has slowed is because of fewer imports to europe. The austerity there has far reaching impacts. And the Ryan Plan calls for massive austerity here, something that shouldnt even be considered until unemployment is back to normal, IMO. Democrats had to compromise with Rublicans in Congress or else the debt ceiling wouldnt have been allowed to be raised, and because of that spending cuts have made for almst a million government jobs so far.....important and good paying jobs too. Those million jobs would be HUGE for the economy right now. Its like bailingnwater with the plug missing from the bottom of the boat, counterproductive and waste of time and energy.
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