Steel prices up 20% in some sectors

[kenmbz]

My great grandfather owned a breaker yard in Denver around early 1900's (maybe even late 1800's).
So that business has been around a while.

 

[user.69169]

Might help you fellows do little Re-Think.
You know all dem folks ask fer money so dey can buy votes to get job where dey steal wid both hands. Some of dem howl bout inflation and how dey gonna stop it.
Den dey get job and learn Inflation GOOD for government. Higher wages = MORE tax $$$. Higher price = more tax $$$. Guess how dat work for you and me? We get smoke blown up low opening.

Dey got some real cute words too, like "Quantitative easing" , sounds good, but what do it mean? Real simple, you got 10 bucks in bank before O**** eased in December 13 your ten worth 6 day after. Dey swiped 4 bucks your money real easy. Price of everything jumped up easy too and dey get MORE taxes.

Dese guys runnin show make cops at Mardi Gras look like Pentecostal Preachers.

 

[MoKelly]

Might help you fellows do little Re-Think.
You know all dem folks ask fer money so dey can buy votes to get job where dey steal wid both hands. Some of dem howl bout inflation and how dey gonna stop it.
Den dey get job and learn Inflation GOOD for government. Higher wages = MORE tax $$$. Higher price = more tax $$$. Guess how dat work for you and me? We get smoke blown up low opening.

Dey got some real cute words too, like "Quantitative easing" , sounds good, but what do it mean? Real simple, you got 10 bucks in bank before O**** eased in December 13 your ten worth 6 day after. Dey swiped 4 bucks your money real easy. Price of everything jumped up easy too and dey get MORE taxes.

Dese guys runnin show make cops at Mardi Gras look like Pentecostal Preachers.

If the politicians are really trying to increase inflation, they are not doing a very good job.



I’m not sure politicians really care about getting more taxes. Seems government spending and taxes collected bear no correlation to each other anymore. The government spends whatever it wants.

MoKelly

 

[John_Mc]

Don稚 laugh, but scrapping older cars and trucks will be an awesome emerging business.

It has always been a good business, I grew up in a scrap yard in the 60's. 150 acres of stuff and I knew where everything was.

Yes, it's already good business. The primary ingredient in "new" steel manufacturing is recycled steel, and it has been for decades. There are few facilities that still make steel from iron ore.

 

[Hay Dude]

Yes, it's already good business. The primary ingredient in "new" steel manufacturing is recycled steel, and it has been for decades. There are few facilities that still make steel from iron ore.

Yep, what I was trying to say (I should have said it better) is that when the cash for clunkers program gets restarted, along with all the other programs being restarted from the Obama era, there will be an even greater need for auto recycling.

 

[John_Mc]

If the politicians are really trying to increase inflation, they are not doing a very good job.

View attachment 684803

I’m not sure politicians really care about getting more taxes. Seems government spending and taxes collected bear no correlation to each other anymore. The government spends whatever it wants.

MoKelly

Wait, MoKelly! Please don't confuse the issue with actual facts. We need the inflation rate to show 67% in 2013 in order to support (removed)'s claim that Obama's quantitive easing turned $10 into $6 overnight. Maybe you can go back and "correct" that post. I haven't heard my recommended minimum daily allowance of conspiracy theories yet this morning. I hate to see a good one shot down so soon.

 

[John_Mc]

Yep, what I was trying to say (I should have said it better) is that when the cash for clunkers program gets restarted, along with all the other programs being restarted from the Obama era, there will be an even greater need for auto recycling.

Actually, I thought that Cash for Clunkers program back in 2009 was a decent idea (hard to believe that was more than 10 years ago): There was concern about older, polluting vehicles, so they put the money where their mouth was. It was a voluntary program, so anyone who wanted to keep their old heap could. Folks around here must have thought it was a good deal, because just about everyone with an old beater jumped on it. It was a better approach than just regulating them out of existence. The only downside I saw was that it made it tough to find an old beater pickup for me to use in the woods.

Here in VT, which is probably one of the most liberal states in the union, I can still drive my 1951 Dodge M37 former military pickup truck on the road (9 MPG, 1 ton on-road / 3/4 ton off-road). No emission control devices, no air bags or anti-lock brakes, no seatbelts and I still have no problem registering and driving it. (Actually, I added seatbelts because I just felt weird without them, and don't want to launch my kids through the windshield if we get in an accident. However, they were not required to pass inspection, since they were not original equipment when the truck was new.)

 

[kenmbz]

If the politicians are really trying to increase inflation, they are not doing a very good job.

View attachment 684803

I’m not sure politicians really care about getting more taxes. Seems government spending and taxes collected bear no correlation to each other anymore. The government spends whatever it wants.

MoKelly

Since they change how they measure inflation every few years, these charts are not useful anymore :-(