Industrial Insight

Weekly number

June 25, 2013
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On Tue, Jun 25, 2013 at 7:49 AM, Raymond Monroe <monroe> wrote:

Steel long product production appears to lead steel casting production by 3 to 9 months. Current production suggests the slow improving market that is seen in the general economy.


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Weekly steel production

June 21, 2013
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Steel Casting production tends to follow steel mill production trends with a 3 to 6 month delay we think. So a trend in the weekly steel production of the mills could give an indication of future market conditions for steel castings.


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Education bubble??

June 10, 2013
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http://www.forbes.com/sites/johntamny/2013/06/09/online-education-will-be-the-next-bubble-to-pop-not-traditional-university-learning/

John Tamny, Forbes Staff

6/09/2013 @ 10:00AM |5,257 views

Online Education Will Be the Next ‘Bubble’ To Pop, Not Traditional University Learning

But when parents spend a fortune on their children’s schooling they’re not buying education; rather they’re buying the ‘right’ friends for them, the right contacts for the future, access to the right husbands and wives, not to mention buying their own (“Our son goes to Williams College”) status. The same is true for students taking out loans.

With university education jaw-droppingly expensive, it’s often asked what in terms of instruction kids are getting in return for the huge cost. Of course that’s a false question. Parents and kids once again aren’t buying education despite their protests to the contrary. Going to college is a status thing, not a learning thing. Kids go to college for the experience, not for what’s taught.


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CAT…

June 5, 2013
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http://app.hedgeye.com/unlocked_content/28943-long-cat-be-careful

06/04/13 03:27 PM EDT

Long CAT? Be Careful

For CAT longs, the renewed slide in iron ore prices should be a cause for concern.

Recently, iron ore has been a key correlate for the relative performance of shares, as iron ore mine expansions are a major end-market. We believe CAT and other capital equipment suppliers to resource-related industries are in the midst of a long and significant decline in demand as resource capital spending returns to normal (i.e. not far from depreciation) levels.


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declining…

June 4, 2013
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http://www.washingtonpost.com/business/economy/us-manufacturing-index-for-april-unexpectedly-declines/2013/06/03/6aa12ce6-cc8a-11e2-8845-d970ccb04497_story.html

U.S. manufacturing index for April unexpectedly declines

By Michael A. Fletcher, Published: June 3

Manufacturing activity shrinks in May


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