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ralphmalph

Steel Works Being Restarted Including Llanwern

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http://business.timesonline.co.uk/tol/busi...icle6807243.ece

I have posted before that the economy is better than generally thought. I know that people in construction or parts suppliers to the car industry have seen it very bad.

But you do not restrart steel mills all over the world if it was still declining. They are expensive to restart and expensive to run.

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Yep debt is wealth.

The recovery is now in full swing. I expect things will suddenly get nasty again after Christmas, Brown hopes it won't get nasty again until after the election and if he loses it will be the Tories that have blown the recovery.

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http://business.timesonline.co.uk/tol/busi...icle6807243.ece

I have posted before that the economy is better than generally thought. I know that people in construction or parts suppliers to the car industry have seen it very bad.

But you do not restrart steel mills all over the world if it was still declining. They are expensive to restart and expensive to run.

What do people expect? :o

http://www.zerohedge.com/sites/default/fil...gust%202009.pdf

Are you stimulated yet? We hope you are, because we’ve just witnessed the largest

economic stimulus in the history of the world. Never before have so many government

dollars been thrown at the economy to prevent a depression. When added together, the

combined financial, monetary and fiscal stimuli in the US are more than the cost of the two

World Wars and “The New Deal†combined

Stimulus spending worldwide has taken the form of a combination of tax cuts, transfer

payments (free money) and infrastructure investments on roads, schools, railroads etc. In

the US, the financial and stimulus contributions have been especially impressive in scale.

According to CNN’s bailout tracker, the various US government departments have committed

to stimuli worth $11 trillion dollars and have issued cheques totaling $2.8 trillion dollars thus far

in 2009.2 Neil Barofsky, the Special Investigator General for the TARP program, has estimated

that the total cost to the US taxpayer could be as high as $23 trillion.3 The vast majority of this

stimulus has been directed at the financial sector - a complete waste of money in our opinion,

supporting a segment of the economy that never deserved to be bailed out. Nonetheless, the

US taxpayer has spent massive sums, committed to promises worth even more and may

ultimately owe debt in the double-digit trillions when all is said and done. Nice of them to spend

so generously, wouldn’t you say?

in Q3 2009, the US is experiencing the maximum impact of the Obama stimulus package. That’s

right - this is as good as it gets. The majority of the Act consists of tax cuts and transfer

payments to citizens, the impact of which was felt within the first two quarters of being

received.5 By the end of September 2009 this stimulus will have worn off, and along with it

will vanish the greatest marginal impact of the entire stimulus package itself. According to

economic forecasters like Moody’s, by 2010 the net impact of the stimulus package to real

GDP will be barely over 1%.

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As bizarre as it seems it doesn't really matter where the new money comes from, as long as lots of new money is entering the economy.... If the cause of a downturn was the lack of money in the economy.

We could throw money out of helicopters and then street people could spend it however they felt like into the economy, or spend money on buying weapons that go into stockpiles, or as I advocate give national dividend cheques to all citizens.. it doesn't really matter. As long as whoever is getting that money actually spends it into the general economy - and the money starts circulating.

Which naturally the governments chose the worst possible route by giving it to the bankers and then most of it is sitting on balance sheets, not getting into the economy.

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The interesting thing is that the Baltic Dry Index has been declining fairly consistently since about June:

http://www.bloomberg.com/apps/quote?ticker=BDIY%3AIND

That's not the behaviour one would associate with a recovering economy, I would have thought. ARe we just witnessing the result of the pre-June "pulse" passing through the world economy?

Peter.

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What do people expect? :o

http://www.zerohedge.com/sites/default/fil...gust%202009.pdf

Are you stimulated yet? We hope you are, because we’ve just witnessed the largest

economic stimulus in the history of the world. Never before have so many government

dollars been thrown at the economy to prevent a depression. When added together, the

combined financial, monetary and fiscal stimuli in the US are more than the cost of the two

World Wars and “The New Deal†combined

exactly.....some people have no idea how much petrol has been thrown on the fire until you either phrase it like that or show that chart, you know the one. :o:o

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Guest DissipatedYouthIsValuable
They are going to dump it in a big hole in the ground being dug in Scotland.

That's fantastic.

Then, after a while, they can get a bunch of people to dig it back out, make it into steel again and dump it back in the hole?

And all this needs to run is just a little bit of oil.

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That's fantastic.

Then, after a while, they can get a bunch of people to dig it back out, make it into steel again and dump it back in the hole?

And all this needs to run is just a little bit of oil.

Exactly. Now you're getting it. Just what the Doctor ordered.

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So where's the steel going then?

They are going to replace the garden gates and iron works they took during WW2.

...possibly.

or they might be getting ready to build arms.

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They are going to replace the garden gates and iron works they took during WW2.

...possibly.

or they might be getting ready to build arms.

Do we have many amputees in Britain? Will they be hi-tech bionic arms?

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Guest DissipatedYouthIsValuable
They are going to replace the garden gates and iron works they took during WW2.

...possibly.

or they might be getting ready to build arms.

Most people have already got two arms.

What a silly waste of QE.

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Guest DissipatedYouthIsValuable
Do we have many amputees in Britain? Will they be hi-tech bionic arms?

Mindpiss.

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Guest DissipatedYouthIsValuable
:-) Are you lumpbucket?

I begin and end with S.

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Guest DissipatedYouthIsValuable
Squirrels with tits?

Careless talk costs lives.

*taps nose*

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