By David Wessel
Updated March 26, 2014 11:02 a.m. ET
Psychologists have argued there is a narrative basis for much of the human thought process, that the human mind can store facts around narratives, stories with a beginning and an end that have an emotional resonance. You can still memorize numbers, of course, but you need stories. For example, the financial markets generate tons of numbers—dividends, prices, etc.—but they don’t mean anything to us. We need either a story or a theory, but stories come first. Most people don’t really get around to much in the way of theory.
Steel Production is going up forecasting growth for steel foundries this first half of the year.