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The Iron Ore Futures Collapse Chart That Everyone Is Talking About (Dr Iron?)
TBI ^ | 8-22-2012 | Joe Weisenthal

Posted on 08/22/2012 6:27:18 AM PDT by blam

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To: Nervous Tick
iron ore world wide may be declining....but in the US demand for steel pipe for drilling pipe and pipelines is soaring....

Lead time for big pipeline valves is longest on record.

Thank you fracking companies on the Backan and North Fork.

21 posted on 08/22/2012 8:45:57 AM PDT by spokeshave (The only people better off today than 4 years ago are the Prisoners at Guantanamo.)
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To: blam

the time scales go not back far enough

the chart could be showing a “defestating drop” or it could be showing a pull back form a bubble; with a five-year-back or more chart, that might be clearer

infrastructure building is not a steady state in any economy, which is one reason steel companies have always had difficulties; periods of large infrastructure development slow down, scale back, and come back again, and slow down again, ad infinitum


22 posted on 08/22/2012 9:14:39 AM PDT by Wuli
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To: blam

Double dip recession is what used to be called DEPRESSION. We are in one. We have been in one for 4 years. We will be in one for some time to come. We might pull out of this if Romney wins and is struck by lightning turning him into Ronald Reagan and he has a conservative Republican Congress in which Bohner and other “leaders” have lost their jobs.


23 posted on 08/22/2012 11:38:01 AM PDT by arthurus (Read Hazlitt's Economics In One Lesson)
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To: blam

Might be an opinion reaction to the following. After having read a few of his opinions while following economic news, I suspect that Mr. Weisenthal hopes for conditions that would keep the debt pile high for government incomes, real estate or something else related.

Iron Ore Price to Rebound as China Seeks Cheaper Imports
http://www.bloomberg.com/news/2012-08-21/iron-ore-to-rebound-as-china-seeks-cheaper-imports-commodities.html
[Bloomberg title and link only. No commentary from Bloomberg allowed to be posted at FR.]


24 posted on 08/22/2012 12:15:52 PM PDT by familyop (Duncan Hunter or no-vote.)
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To: tet68

Check out the metallurgy on Maraging steels. You can have steel without carbon, but you must add something else - in this case, nickel.


25 posted on 08/22/2012 5:56:21 PM PDT by NVDave
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