Industrial Insight

just wondering

October 10, 2013
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I was reading a report arguing that North American growth rates will slow. Economic growth depends on labor participation, productivity and investment. Investment has been declining for some time. My normal thesis is that declining prices of assets based on excess capital investment led to the decline. The graph I think argues for a more pervasive effect. It seems to suggest that declining interest rates and perhaps more social safety net programs have led to a systemic decline in savings. This is matched with a decline in investment. So we are over-leveraged and over-indebted and will pay for the high growth rates of the past couple decades with a slower growth rate to retire the excess debt?

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Steel weekly production

October 9, 2013
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Steel production remains flat this past week still bouncing around. The percent change from a year ago shows growth because a year ago was lousy.

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Weekly steel production

October 6, 2013
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Steel Production fell from last week and seems to remain stuck and stable between 1.85 and 1.9 million tons a week. The change from a year ago shows strength because a year ago slower.

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About author

I'm the executive vice president for a steel casting trade association, the Steel Founders' Society of America. I've got a crazy wife, five crazy children, three crazy people that married into the family, and two crazy fun little grandsons.