I deal in lead, friend. (That's how I'll get the gold when needed.)
Posted on 03/03/2006 10:09:19 AM PST by SirLinksalot
That's spam.
He's selling "research," and your link is a sales pitch. He's also shilling for gold.
Also credit cards are a great cash and time management tool...they hope you will run a continuing balance so they earn the interest. Many consumers choose to use the float and pay off each billing cycle. A good strategy if you get a card with no annual fee and do in fact pay off each month. I personally can't see stopping at an ATM to carry gas money around...the exception to this would be a station offering a worthwhile cash discount.
North America accounted for 11.2% of the world’s total [production], with steelmaking in the USA, the third largest steel producer in the world, decreasing by 5.8% in 2005 to 93.9 million tonnes.
Source
Nothing going on here, just move along, go on home, and go to sleep.
As soon as you wake up.
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Again, the operative word in your so-far-as-it-goes-correct summary is "decreasing".
I get up most days at 3AM, and get to bed a few hours after sundown.
http://www.businessweek.com/bwdaily/dnflash/feb2006/nf2006022_3731_db053.htm?campaign_id=rss_daily Lakshmi Mittal's "Industrial Logic"
The chairman and CEO of the world's largest steelmaker discusses his plans to acquire, Arcelor, his company's top rival for $23 billion
Lakshmi N. Mittal hasn't been putting in much time at the office these days. Instead, the chairman and chief executive of London- and Rotterdam-based Mittal Steel (MT ), the world's largest steelmaker, has been jetting around Europe trying to sell skeptical politicians and shareholders on his $23 billion bid for Luxembourg-based Arcelor, the industry's No. 2 player.
The fight for Arcelor has a bitter edge, perhaps because Mittal and Arcelor CEO Guy Dollé know each other well, and have raced each other to assemble strong companies in what had been a weak and fragmented industry. Mittal, 55, talked to BusinessWeek's London bureau chief, Stanley Reed, on Jan. 31 by phone from Luxembourg. Following are edited excerpts of their conversation:
- clip - - - - - - - - - - - - - - - - -- - - - - - - - -- - - - - - - clip -
How is the integration of ISG [the U.S. steel company Mittal acquired from bankruptcy investor Wilbur Ross in 2004] going?
Very well. We have a top-class team, performing well.
Did you cut back production in the U.S. last year?
We did last year. This is part of consolidation. When you are a stronger and larger company, you can afford to modify production based on market demand and supply. We do not believe in oversupplying the market. When you are a large company, you can afford to do it. When you are a small player, your flexibility gets reduced.
- - - end of interview - - -
True, as far as it goes, but the key word in your summary is "decreasing",.
Actually the key bit of info is 93.9 million tonnes as compared to your claim "steel industry about gone"
Check back in 2010.
So by then your claim will be correct?
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It helps to look at more than one point on a graph. Check the trend, and the driver behind the trend. How does 93.9 million tons compare with domestic consumption? How does the percent of domestic consumption produced domestically in 2005 compare with 2000, 1995, etc. How much will be left after "consolidation". Etc.
http://www.gillespieresearch.com/cgi-bin/bgn/
John Williams' Shadow Government Statistics
Analysis Behind and Beyond Government Economic Reporting
That's spam.
He's selling "research," and your link is a sales pitch. He's also shilling for gold.
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Yes, it's an ad - - - with a lot of freebies attached. No need to pay anything to follow the links. And no need to accept his inferences from the evidence of declining reliability of govt economic statistics. Draw your own conclusions about that.
Going long in gold has been one good way to short the dollar and dollar denominated assets lately. One can expect a reaction, so other ways may be better for a while. Something other than alternative fiat currency units which, as Warren Buffet discovered, can sometimes move adversely wrt dollar.
Gotta go and work on some asset growth and preservation chores. Best wishes for greater awareness of the world beyond the "theater of the official big picture".
Great, production is trending down.It's still a long way from 93.9 million tonnes to production almost gone.
It helps to look at more than one point on a graph.
That's funny, considering you provided no points when you said American production was already almost gone.
Don't forget to add the fact that for many years the fedgov has been masking the true budget deficits by applying Social Security surpluses to make these deficits appear lower than the actual figures and this little bit of voodoo economics has I'm sure added quite few $ to the "unfunded liabilities" figure.
Another little bit accounting wizardy practiced by the feds (and gov'ts. at all levels) are CAFR accounts (Comprehensive Annual Fin'l Reports......check out www.cafrman.com or keyword 'Walter Burien' for more info) which uses some more accounting magic to classify potential budget surpluses into expense areas thus creating huge pools of funds available only to the "in crowd". The amount of $ available in the CAFR accounts could solve a lot ills if we had more honesty from certain public officials.
So the know it all crowd can post any # of charts they want from the fedboys but anyone who thinks we're getting anywhere near the truth from that bunch deserves the fate their ignorance & arrogance will surely bring them.
Don't believe everything the MSM and the gold hustlers tell you.
It's refreshing to see at least ONE of the gold shilling Freepers actually admit that they are shilling.
I deal in lead, friend. (That's how I'll get the gold when needed.)
How much will be left after "consolidation". Etc.
Great, production is trending down.It's still a long way from 93.9 million tonnes to production almost gone.
It helps to look at more than one point on a graph.
That's funny, considering you provided no points when you said American production was already almost gone.
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I've checked, and I stand corrected (though cold comfort to the work force in this industry - - note the trend there). The Indian clearly will not be able to "consolidate" this away in any forseeable time, so I'm wrong on that. Still gotta go.
http://www.census.gov/prod/2005pubs/06statab/manufact.pdf
(table 996)
BAMOG Ping. isofo gsn l k d e y
BAMOG Ping. isofo gsn l k d e y to you, too.
I vant to touch your monkey.
Is a big ass monkey of gold better than a big ass hunk of gold?
Thank you for the link and the admission. Yes, I'm afraid employment in the steel industry will probably continue to shrink.
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