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Sunday, September 4, 2016

G 20 WHAT DO YOU THINK A GLUT OF CHEAP STEEL MEANS?

Get ready.

American economists used to  like to quip that there was no real difference between machine tools and Twinkies. 

"Who cares whether we make the latter and not the former?"

Question today (by American economist) : "Why is cheap steel a crisis? Sounds like paradise."

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