User 127656

How to Spend $700B and Actually Solve the Problem

It would appear that the Congress is as confused as the general public about what this bill/bailout/guarrante... is all about. Politics prevails and intelligent thought as usual is secondary to what needs to be done. I for one do not understand what the real problems are thanks to media obfuscation. I do understand that there is a significant problem with the flow of capital and the losses experienced by stockholders and bond holders in the failled companies. I also know that the congress is probably the worst place on earth to really accomplish anything. The President had the right idea to call a meeting the problem is he invited the wrong people. What should have been done was to convene a meeting of the brightest and most experienced people of the financial world hash out a plan and present it to the American People with a full and complete explanation of what the problem was that caused this fiasco, what the solutions are that are recommended and submit them to the Congress for ratification and passage sans political rhetoric

What's the Mood Among Steel Suppliers?

Has anyone looked at world supply of Iron Ore and the potential of added cost of production as supply dwindles?