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.
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.
John Tamny, Forbes Staff
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.
06/04/13 03:27 PM EDT
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.