Posted on 03/01/2018 12:19:46 PM PST by nickcarraway
Buying opportunity...
http://pratt.duke.edu/about/news/appalachian-coal-ash-richest-rare-earth-elements
So the color is off. Heck I wouldn’t care if it was black and white.
Try again sport.
Imagine how many politicians knew this was coming, sold their stocks, and will buy back at the appointed time.
All perfectly legal for them.
“If everyones’ selling, BUY!
“If everyone’s buying, SELL”
Thurston Howell, III
Then they are helping the cause. There had to be a correction in the Trump bull market. Better to do it now, and have the market strong again by summer.
Now, stateside industry can get to mining and producing American steel and materials.
While there may be some specialty metals needed from overseas, there is not much of that.
More jobs, and businesses flourishing.
I was one of those young couples. My then-husband was a quality control engineer making $10k a year. I was a SAHM. We could not afford a $15k-$20k home. We rented in a neighborhood where no men were home during the day and no one could afford a home. There were no non-commercial retail businesses in our neighborhood. Everyone had to travel to work.
Took a couple more years of training in computers (he ended up working for IBM managing main frames) and I began selling my art work. And $2k-$3k for a new car (Volkswagon bug) was a struggle, too. Ground beef was .33/pound on sale and, along with whole chicken, was the most common meat. I clipped coupons, saved Green Stamps, learned to cook, sew and stretch everything.
Everything is relative. Not everyone back then worked for union wages. My best friend’s husband was a union electrician. He spent 3+ months a year on layoff with a small union stipend. He went out on strike when told and made do with whatever the union gave them when he did. She became a hairdresser to help out. And lots and lots of women worked. I was born in 1943. Both my grandmother and my mother worked all their lives, both for others and for themselves. Women not in the official workforce tended other people’s kids or sewed or cleaned houses for the upper middle class or learned a trade, usually cosmetology or secretarial skills. Teachers were mostly women and made very little. We have an 82-year-old cousin who was a personal secretary to the executives of a national insurance firm for 40 years, starting in the typing pool. Today, her SS is $1400/month and her *pension* is $400/mo, so you figure out how well she was paid. Not.
Life has never been easy for most average people. It seems a lot better for most, today, from my past experience.
But we shall see just how these tariffs work out for the working people and the consumers and our world markets. My guess is there will be mix of effects and everyone will just point fingers in different directions.
I don’t know anything about gold. What can you actually do with it?
That’s true. Trump unlocking some of the Federal lands will help that, but those metals are also toxic and there will be a lot of environmental opposition, along with restricting the workers willing to mine them. Probably end up being robotic mining. Likely to still be quite costly, too.
Tariffs are nothing more than a tax on the consumer and a subsidy for the whatever industry is on the receiving end.
Say you place a $2,000 tariff on every foreign automobile. That allows domestic manufacturers to raise the price of every one of their automobiles up to $ 1,999. And the consumer, no matter which car he buys, is out $2,000.
The Trump tax cut will be borne by the American auto buyers.
On this issue, Trump’s a chump.
Interesting. Also, it’s tiny percentages and takes expensive and toxic process to extract, so is not going to meet demand. Looks like they’ll have to use hydrofluoric (sp?) acid for the Appalachian ash extractions. My husband was a jewler and worked with that stuff....fume hood and respiratory equipment needed. Highly corrosive stuff.
And you can stow the *sport* stuff. I’m a 75-year-old woman still working in my own hand-production craft business making and selling a product I invented over 30 years ago. I’ve worked since I was 15. I’ve had a lot of different life/work experiences and am not coming from some theoretical and Highly Principled (tm) political POV.
Proof of the pudding and all that. We shall see.
That said, market manipulation is always going on, whether for profits or political gains.
Paging “Boo-Hoo” girl!
Oh, noes! That's horrible. I guess industry is pulling up stakes and going into the burger and fries business! lol
What can you do with stocks? Generally you buy and sell. One minor hint of war or unrest in the Middle East and gold goes up. The whole world is a tinder box and you can make money off of that fact.
Look...I have been watching the stock market channels for years, FBN, CNBC & Bloomberg. None of them know a darn thing about business, except stock trading, etc. The POTUS, Trump made the steel/aluminum tariffs a number one item during his POTUS campaign. They go nuts over any slight change in their cloistered world...which, by the way, is not the real world.
So....I say let the markets go where they will...they are not the engines that drive the USA economy. They are like sheep being led to the slaughterhouse. Neil Cavuto and Charles Gasperino, etc., could not be dumber relative the real world. Neither have a track record of correctness on prediction. I’ll take the USA Steel Workers and Aluminum Workers any day, other these blabbering so-called, economic expert, buffoons any day!!!
IF the result is higher prices on domestic producers that buy steel and aluminum for what they make in the U.S., the tariffs will add to domestic inflation as those price increases get passed through the economy. With interest rates already planned to go up, 2018 could start to see multiple negative hits to inflation. The short term rewards to domestic aluminum and steel makers MIGHT be a longer term economic negative in the end.
I am 100% behind the sentiment behind the tariffs. I also remember when GWBush had a harder time the second time in places like Ohio, beset somewhat with job layoffs in industries stuck with higher producer prices from Bush imposed tariffs and quotas.
I remember one small American bike manufacturer, faced with cost increases on the metal he made the bikes from, who went from getting less costly imported metal goods, to moving his entire factory overseas.
Tariffs ALWAYS hit someone domestically, no matter who domestically they help.
We will see - in time - if steel and aluminum jobs “saved” is greater than jobs lost in the industries that must buy steel and aluminum to make their goods.
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