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Title should say "steel-related stocks", not "steel stocks". Steel companies are doing great as a result of the news. The stocks he dumped were for those comp
by bertjk 9y ago
Title should say "steel-related stocks", not "steel stocks". Steel companies are doing great as a result of the news. The stocks he dumped were for those companies whose business depended heavily on cheap steel supplies.
- justAnotherNET 9y agoTrue, but this title suites the site’s bias. I bet it’ll be left up for a long time.
- lambdasquirrel 9y agoThere’s a lot of this that reeks of the Great Leap Forward, e.g. when Mao had the peasants kill sparrows because they ate grain seed after plantings. The U.S. economy may be more resilient than post-war China’s... but one can’t help but wonder how this will turn out.
- tdeck 9y agoMao also had people melt down their woks to produce "backyard steel". Predictably the result was unusable and everyone was out a wok. https://en.wikipedia.org/wiki/Backyard_furnace?wprov=sfla1 https://en.wikipedia.org/wiki/Backyard_furnace?wprov=sfla1
- nyolfen 9y agohttps://pbs.twimg.com/media/DXTHmjpU0AA38Fw.jpg https://pbs.twimg.com/media/DXTHmjpU0AA38Fw.jpg https://pbs.twimg.com/media/DXTHoeAUMAA-gCE.jpg https://pbs.twimg.com/media/DXTHoeAUMAA-gCE.jpg