Good news for Facebook stock is bad news for Main Street.Housing market booms - just like it did before the 2008 crash.Layoffs increasing. Many jobs permanently gone.The voting age should be raised.Happy Birthday Spencer! Follow my son on Twitter @SpencerSchiffDavid Portnoy bails on Bitcoin and Chainlink.Paul Tudor Jones should be the next big name to bail on crypto.Cuban-American an emotional and...Read More
First the bad news: yes, it does increasingly appear that it's possible to get re-infected by a different strain of covid-19.Now the good news: not only is it exceptionally rare at this point, but the few reported re-infected patients have not been hit hard the second time around. The current Hong Kong patient currently in the media actually experienced NO symptoms during his second infection.Mean...Read More
"I fear Biden will choose war again. He supported the war in Serbia, Syria, Libya. Joe Biden will continue to spill our blood and treasure.Continue...Read More
"The fact you've come from Victoria is specifically concerning given that's really the hotspot for COVID-19 in Australia and your actions really undo what this government in WA has done to prevent the community spread of this hideous virusContinue...Read More
Those who control the money supply can indirectly control economies and the destiny of nations simply by deciding when and how much to ease or tighten credit conditions, and when to favor (or disfavor) certain types of lending.Continue...Read More
Buffett is signaling a loss of confidence in the dollar. He's getting out of the paper money business and into the hard money business.Continue...Read More
"The rise in COVID cases that we've seen in recent days is unacceptable and if unchecked threatens our ability to complete the semester on campus."Continue...Read More
"This is China's response to the potential risks brought by the increasingly frequent incoming US warplanes and military vessels in the South China Sea."Continue...Read More
Dramatic video which emerged Tuesday shows the latest "close call" between US, Russia, and Syrian national forces who are jostling for control of northeast Syria, after a prior incident resulted in a rare exchangeContinue...Read More
"The belief that masks can solve our problem is very dangerous."Continue...Read More
All of this has me wondering if a major buying opportunity is approaching over the coming days. Continue...Read More
Rising geopolitical tensions between the U.S. and China are scaring investors. Continue...Read More
China's imports of manganese ore totaled approximately 2.95 million tonnes in July, an increase of 35.2% from 2.18 million tonnes in June and the highest volume in a single month since December 2019, according to the latest available Chinese customs data. But July's volume is about 4.5% lower than the 3.09 million tonnes imported in the same month of 2019, the data showed. Of the total volume impo...Read More
The European Commission (EC) has started an expiry review of anti-dumping measures on imports of cold-rolled flat stainless steel from China and Taiwan.The request for an expiry review was lodged by the European steel association Eurofer on May 27 this year."The request is based on the grounds that the expiry of the measures would be likely to result in continuation or recurrence...Read More
The price of hollow steel sections in Northern Europe has inched upward following a jump in feedstock costs, with the market slowly returning to work after the summer holiday period, sources told Fastmarkets on Wednesday August 26.Fastmarkets' price assessment for steel sections (medium), domestic, delivered Northern Europe, was ?,?540-565 ($638-668) per tonne on Wednesday, up from ?,?540-560 per...Read More
The European Commission (EC) has started an expiry review of anti-dumping measures on imports of cold-rolled flat stainless steel from China and Taiwan.The request for an expiry review was lodged by the European steel association Eurofer on May 27 this year."The request is based on the grounds that the expiry of the measures would be likely to result in continuation or recurrence...Read More
Here are five Fastmarkets stories you might have missed on Wednesday August 26 that are worth another look.Brazilian flat steel producer Usiminas has restarted its No1 blast furnace (BF) in Ipatinga city, in the country's southeastern Minas Gerais state, it said on August 26.Following recent concerns on the...Read More
Global tin premiums were static in the week to Tuesday August 25, with the metal's subdued three-month price on the London Metal Exchange doing little to spur buying activity, while a returning backwardation and concerns over tight supply further limited interest in spot sales.Backwardation pressure keeps European market quietUS market eyes upside amid falling stocksImport losses cool Chinese buyi...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
Iranian export prices for steel billet and slab increased in the week ended Wednesday August 26 on higher offers and sales prices heard in the market.Fastmarkets' weekly price assessment for steel billet, export, fob ports Iran, was $395-400 per tonne on August 26, compared with $390-395 per tonne a week earlier.One Iranian mill was heard selling a cargo of billets with modified chemistry at $401-...Read More