In the US, politics has become a contest of who gets to impose their will on the rest of the country. When that's the case, a country is best off dividing. It shouldn't be held together artificiallyContinue...Read More
After a bout of inflation and "socialism-light", we could end up with even more extreme inequality when the whole rotten structure collapses.Continue...Read More
Jim Bianco joins Bloomberg's Surveillance to talk about the Federal Reserve and the 2020 Election.Jim Bianco is President and Macro Strategist at Bianco Research, L.L.C. Since 1990 Jim's commentaries have offered a unique perspective on the global economy and financial markets. Unencumbered by the biases of traditional Wall Street research, Jim has built a decades long reputation for objective, in...Read More
The picture painted is that a Trump "win" is really a coup, and he will have to be driven from office. Note that the expected coup is defined as Trump's re-election, not the coup gamed by TIP against Trump. Continue...Read More
In recent decades, active generals and retired generals have grown into a group of politically influential technocrats who can be regularly seen on evening news programs and areContinue...Read More
Individual recipients don't even have to work on a farm; people getting these payments can be "city slickers."Continue...Read More
Over the past decade, the one common theme despite the political upheaval and growing social and geopolitical instability, was that the market would keep marching higher and the Fed would Continue...Read More
Two days before Powell unveiled Flexible Average Inflation Targeting (FAIT) as the Fed's new monetary doctrine on August 27, some analysts were already pricing it in and analyzing how long Continue...Read More
August saw a falloff in gold-backed ETF inflows along with central banks slowing down their purchases. Central banks have always been price-sensitive, said Jeff Christian, managing partner of CPM Group, and would stop buying if the price of gold is too high. As for exchange-traded fund (ETF) holdings, not all of the flows this year was from investment demand to begin with."It was clear to us that...Read More
Hollow steel sections prices in Europe were unchanged this week, despite producers still pushing for higher prices, market sources told Fastmarkets on Wednesday September 23.Fastmarkets' price assessment for steel sections (medium), domestic, delivered Northern Europe, was ?,?570-585 ($669-686) per tonne on Wednesday, unchanged week on week."New prices from some mills are up by ?,?30 per tonne, an...Read More
As part of this Climate Week in New York intended to influence the US elections against Trump, they have created a clock to countdown the time remaining before we all dieContinue...Read More
Corinth Pipeworks has declared itself the first steel pipe manufacturer for the energy sector to achieve net zero carbon emissions from its operations. Earlier this year, the company set out to become the first steel pipe manufacturer for the energy sector whose operations are carbon-neutral, via the use of green electricity at its pipe manufacturing facility in Thisvi, Greece. The company provide...Read More
Corinth Pipeworks has declared itself the first steel pipe manufacturer for the energy sector to achieve net zero carbon emissions from its operations. Earlier this year, the company set out to become the first steel pipe manufacturer for the energy sector whose operations are carbon-neutral, via the use of green electricity at its pipe manufacturing facility in Thisvi, Greece. The company provide...Read More
Corinth Pipeworks has declared itself the first steel pipe manufacturer for the energy sector to achieve net zero carbon emissions from its operations. Earlier this year, the company set out to become the first steel pipe manufacturer for the energy sector whose operations are carbon-neutral, via the use of green electricity at its pipe manufacturing facility in Thisvi, Greece. The company provide...Read More
China will aim to be carbon neutral by 2060, President Xi Jin Ping said at the General Debate of the 75th Session of the General Assembly of the United Nations on Wednesday September 23."We aim to have carbon dioxide (CO2) emissions peak before 2030 and achieve carbon neutrality before 2060," he said.China also aims to scale up its Intended Nationally Determined Contributions - intended reductions...Read More
Here are five Fastmarkets stories you might have missed on Tuesday September 22 that are worth another look.Swiss stainless steelmaker Schmolz + Bickenbach has had its proposal to change the company name approved by shareholders, it said in a press release on Monday September 21.Read More
Here are five Fastmarkets stories you might have missed on Wednesday September 23 that are worth another look.A blast furnace at Usiminas' Ipatinga unit in Brazil's southeastern Minas Gerais state caught on fire during maintenance work on Tuesday, only a month after being restarted, but there were no expectations of any effect on deliveries,...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday September 23.Please click...Read More
The London Metal Exchange base metals prices remained under pressure on Wednesday September 23, with the benchmark prices for all metals retreating during the day's trading.Fastmarkets analyst Boris Mikanikrezai noted that the US dollar pushed higher for a fourth consecutive day, "producing deflationary pressure on commodity prices."The general dollar index was last seen at 94.22, up by 0.24."Copp...Read More
Long lead times and a reduced domestic output have combined with a lack of competitive import offers to drive up the local price for hot-rolled coil in Europe, sources have told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?487.61 ($572.17) per tonne on Wednesday September 23, up by ?,?2.26 per tonne from ?,?485.35 per tonne on Tuesd...Read More