Import prices for steel slab in Southeast Asia and East Asia remained flat over the past week due to a lack of trading activity amid the Covid-19 pandemic and the Islamic holy month of Ramadan. Fastmarkets' price assessment for steel slab imports, cfr Southeast Asia and East Asia, was $350-360 per tonne on Monday April 27, unchanged from a week earlier.Offers for CIS slab remained at $370-380 per...Read More

Why USO's 1:8 reverse split is a setup for massive retail inflows to Crude Oil ETPs this weekWhy oil producers will be taking the other side of futures bought by USO and other ETPsThe perfect storm: What happens when a historically unprecedented % of shorts stand for physical deliveryThere simply is no good solution: Even with a financial bailout, the logistic nightmare could cripple the industryJ...Read More

Today, Jason Hartman and George Gammon discuss topics such as, The Doom Vortex/feedback loop, oil prices, bonds, and what the world needs to prepare for the Coronavirus fallout. COVID-19 is playing a big role in economic changes and Jason and George break down some of the less obvious concepts of how this plays out. Today's episode dives deep into understanding the relationships existing in the gl...Read More

The data is irrefutable folks - what we've done is stupid, wrong, ineffective and murdered the economy. Yet nobody will go there. Dumb!Karl Denninger is an American technology businessman, finance blogger, and political activist, sometimes referred to as a founding member of the Tea Party movement. His website is The Market Ticker. Read More

It's Monday and time for another installment of Daily Market Wisdom with Nick Santiago.Nicholas Santiago started trading in 1991. In 1997, he became a licensed Series 7 and 63 registered representative. He successfully managed money for a large, affluent private client group. Nick is an expert in Technical Analysis. He is a highly regarded and accomplished technician in the studies of Elliot Wave,...Read More

It happened in London in 1665, the Black Death was taking a 20 percent die-off toll. In 1666 the great fire of London happened. Most homes were destroyed. In the 1550's there was a credit shortage along with a touch of plague. According to Bob, the diseases don't do the market in, the markets do themselves in. The economy was going to turn down with the stock market no matter what, and then Covid...Read More

Bill Gates vehemently defended China's initial response to the coronavirus outbreak on Sunday, telling CNN's Fareed Zakaria that the communist country - which silenced whistleblowers and lied aboutContinue...Read More

In my first week in the House of Representatives in 1976, I cast one of the two votes against legislation appropriating funds for a swine flu vaccination program. A swine flu outbreak was then dominating headlines, so most in DC were frantic to "do something" about the virus.Unfortunately, the hastily developed and rushed-into-production swine flu vaccine was not only ineffective, it was dangerous...Read More

The global elites and deep state actors always have a laundry list of programs and regulations they can't wait to put into practice. They know that most of these are deeply unpopular and theyContinue...Read More

We need a good name for the real threat. And I don't doubt for even a moment that the Whatever Virus can be deadly, the Greatest Depression will kill far more people. And the longer we have the country locked down, the higher the figure will climb.Continue...Read More

Mohamed El-Erian, chief economic advisor at Allianz, joins "Squawk Box" to discuss the economy, the markets and the big earnings week ahead.Mohamed El-Erian is the Chief Economic Adviser of Allianz, a multinational financial services company. He is the former CEO and co-Chief Investment Officer of PIMCO, a global investment firm and one of the world's largest bond funds in the world. Dr. El-Erian...Read More

The mortality rate is not the reason for the shutdowns. The purpose of the closedowns is to reduce the exponential rate of infection. Covid-19 is much more contagious thanContinue...Read More

The low-grade seaborne manganese ore price in China rocketed by 32.1% week on week on Friday April 24 after some buyers accepted the first offer made since South Africa went into lockdown on March 26. Fastmarkets' manganese ore index 37% Mn, cif Tianjin soared by $1.65 to $6.79 per per dry metric tonne unit (dmtu) on Friday, hitting a new high since November 23, 2018, when the index was $6.84...Read More

Proposals are floating up for four very corrosive measures: negative interest rates; directly subsidizing bonds; writing Fed checks for corporate equity or for a universal basic income up to $72,000 Continue...Read More

Here's where all 50 states stand on reopening their economies, now that the White House has released its 'guidelines' and delegated ultimate authority to the governors of each state.Continue...Read More

"As most people dying with Covid-19 are older with underlying chronic conditions, some have speculated that the impact of the condition may have been overstated, and that the actual number of years of Continue...Read More

"There will be limited supply of our products available in grocery stores until we are able to reopen our facilities that are currently closed," Tyson wrote.Continue...Read More

The price spread for Europe-origin high-carbon ferro-chrome widened to $0.15 per lb in the week ended Friday April 24 with deals reported at higher prices after the rebound in the ferro-chrome and charge chrome benchmark price for shipments in the second quarter of the year.The gap between the highest and lowest reported deal prices was almost $0.20 per lb, with signs of firmer fundamentals encour...Read More

The Covid-19 pandemic has resulted in a shortage of ferrous scrap in many key supply locations, provoking a 21% rise in international scrap prices in just 12 days from April 3 to April 15. But despite this, domestic prices in many areas were settled lower in April's monthly negotiations.Prices on the international market have been on a rollercoaster ride over recent weeks.The price of steel scrap,...Read More

British carmaker Jaguar-Land Rover will gradually resume production at several production sites in the UK and Europe from May 18, the company announced late last week.The partial resumption of operations will begin with plants at Solihull in the UK, Nitra in Slovakia, and in Austria.Operations have been suspended across Europe since March 20 amid growing pressure to try to contain the spread of th...Read More