Posted by Bruce from Can. on October 05, 2019 at 03:26:09 from (74.12.72.61):
In Reply to: Steel Mill closes posted by John in La on October 05, 2019 at 03:09:55:
I don’t want my comments to take this thread the wrong way, so I am trying to be cautious in my wording. After many decades of globalize trade, and government deficits, the chickens are coming home to roost. Inflation and ever mounting debt is starting to slow economic growth. Primary industry always feels the pinch long before mainstream markets or general population. There just aren’t enough Bandaids left in the box to slap one on every sector of the economy. Just take a look at the tattered bandaids stuck on the agricultural and automotive sectors over the last 30 years. They haven’t really helped pull these drowning sectors out of the water, merely kept them afloat. Seems we are headed into a recession. And periods of recession, in recent history of the last 100 years, have been brought to a end by war. How’s that for a grim pessimistic opinion for early in the morning.
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