Turkish domestic scrap prices have gone up once again this week on the back of rising imported scrap values, sources told Fastmarkets on Monday December 9.Steel producers and a major scrapyard all increased their buying prices for auto bundle scrap by 45-120 Turkish lira ($8-21) per tonne over the past week because of costlier imports.Fastmarkets' daily index for steel scrap, HMS 1&2 (80...Read More
Stable Prices, SometimesDeaths of DespairRadical SolutionsIt's All Relative...Angst-Ridden VotersAccording to the dictionary, the word angst refers to "a feeling of deep anxiety or dread, typically an unfocused one about the human condition or the state of the world in general." It comes from a German word for "fear."Two weeks ago I referred back to my 2017 Angst in America series. "Deep anx...Read More
Turkish steel producers stayed out of the deep-sea scrap market on Friday December 6 after booking several cargoes earlier in the week to push prices up by more than $10 per tonne since Monday, sources told Fastmarkets.No new cargoes have been booked or come to light during the last two days of the working week. On Monday, it emerged that a steel mill in the Marmara region had booked a U...Read More
What does it mean when the Fed and other central banks jointly bemoan the effects of their own policies? Worried about not being able to keep all the plates spinning?Wolf Richter is the founder of Wolf Street Corp and the publisher of WolfStreet.com. Wolf has over twenty years of C-level operations experience, including turnarounds and a VC-funded startup. He has a BA, MA, and MBA (UT at Austin)....Read More
Harley Schlanger's work can be found at LaRouchePAC.com.Read More
Dozens of countries around the world are seeing massive social unrest. The foundation of the movement is freedom and income inequality. No more central planning and no more government control over individuals. The people in Hong Kong are fighting for their lives. Gerald explains why the Chinese have not shut down HK's massive civil unrest. In Spain it's Catalonia. The list goes on and on. All arou...Read More
*the interview begins at 0:52Mohamed El-Erian unpacks the major risks within Europe's economy. 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 also served as a member of the faculty of Har...Read More
The gold stocks are setting up for a very good 2020. The current correction is not over but all the indications are that once it ends, gold stocks could begin an impulsive advance.Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association.. He is the publisher and editor of TheDailyGold Premium, a publication which emphasizes market timing and stock sel...Read More
In the interviews, more than 400 insiders offered unrestrained criticism of what went wrong in Afghanistan and how the United States became mired in nearly two decades of warfare. Continue...Read More
Imagine that President Trump spent his phone call with the Ukrainian president threatening to withhold military aid unless the Ukrainian government agreed to use the money to purchase weapons from a US manufacturer. Does anyone seriously think that foreign service professionals and deep state operatives would be so shocked and offended by Trump's request that they would launch efforts to impeach h...Read More
Comparing the popular narrative of rapidly improving sentiment with global dollar liquidity indicatorsBeyond Trade Wars and Trump Tweets: What liquidity indicators are actually telling us about the global economic outlookThe "King Dollar" meme: Why a strong USD doesn't necessarily imply U.S. economic outperformanceRead More
Even though it's on rate-cutting hold, the Fed nonetheless keeps engaging in aggressive oversubscribed repo ops, or as we like to call the process, "QE4R."Continue...Read More
Import prices for steel slab in Southeast Asia and East Asia rose during the week to Monday December 9 despite concerns that a potential supply glut could emerge after United States President Donald Trump threatened to restore tariffs on steel imports from Argentina and Brazil.Sources told Fastmarkets that the uptrend in prices has already been disrupted by concerns that Brazilian steelmakers may...Read More
Many people are overlooking a critical factor in these escalating trade wars with the US and the rest of the World...and that is, the US holds the title of "World Reserve Currency" But how long will that last? And what will happen the US loses that title? Today I'll show you the newest dangers in the multiplying conflicts around Global Trade, how the US actually has the most to lose, and most impo...Read More
You would think that the Democrats would have learned from the Clinton Impeachment that the people do not support such nonsense. The Democrats haveContinue...Read More
"For too long, Russian doping has detracted from clean sport...The blatant breach by the Russian authorities of RUSADA's reinstatement conditions...demanded a robust response. That is exactly what Continue...Read More
Trump has decided to enforce food stamp rules, everywhere, not Just Illinois. But Illinois provides the lesson.Continue...Read More
"He served our Nation with great distinction as Chair of the Federal Reserve among other important positions, steering our country through challenging economic times more than once. Mr. Volcker was admired Continue...Read More
Greg is ready to make another bold call on the precious metals, having nailed previous moves in both gold and silver perfectly right here on this podcast earlier this year. Greg also tells us why he believes the trade deal with China is keeping many Americans hopelessly distracted about the real issues in the economy - and why a deal there will simply not be enough to keep the economy going strong...Read More
As long as the monetary base keeps growing, gold prices will keep rising, says E.B. Tucker, director of Metalla Royalty & Streaming. "The [monetary base] is never going to go down," he said. "Gold is not a way to speculate and make a big profit, it's a way to protect your wealth. It's wealth insurance."Read More