Sorry Andrew.. you are using "co-mingled logic".. Inflation is a stand alone issue.
Scrap prices are a stand alone issue. Raw material demand drives scrap price far more than dollar value. Same for crude oil, and other commodities. When American economy thrives, Americans consume more than any other country in the world, per capita, and pay for it because we are all "rich" by comparison. Those countries buy raw materials and convert them to finished goods with cheap labor and lack of EPA style government intervention, for sale to their number one customer, USA. Sales are flat lined, future orders are flat lined, and thus, production at these "raw product buyer" countries is flat lined. China, when USA economy was booming pre 2008, was paying over $300 per ton of scrap steel and couldn't get enough to fill manufacturing orders in the que.. Now... very low demand due to low sales of finished goods.. because Americans are not buying.. When America stops buying, other countries stop producing, their workers stop working, and paying taxes, feeding their families. Mr. Obama, whom you give reference to, has done nothing visible to improve Americas economy in the past 6 1/2 years except borrow more and spend on things like Solandra, and bank bailouts, which rewarded bad business practice. So, by my rules, he has not been the "change we've been hoping for". Your personal mileage may vary. Diesel price here is now $2.19 per gallon... so I may start driving more.. which will drive demand up, and ultimately, the price of crude.. Eventually, I will wear out a part on the Mercedes, need a new one, someone in China will take the order, along with others, buy some scrap, smelt it down, make new parts, and ship one to me... Respectfully, Grant... On Mon, Sep 7, 2015 at 8:05 PM, Andrew Strasfogel via Mercedes < firstname.lastname@example.org> wrote: > Sounds like you would be singing Obama's praise if we had rampant > inflation... > > On Thu, Sep 3, 2015 at 7:03 PM, Loren Faeth via Mercedes < > email@example.com> wrote: > > > Interesting explanation. > > > > > > > http://www.rabin.com/meet/Blog/August-2015/Market-Watch-The-Scrap-Metal-Industry.aspx > > > > Scrap metal prices have always been a indicator of world economic health. > > Low scrap prices = depression on the way. High scrap prices = boom > coming. > > > > Scrap metals, rendered oils and protein, foods, pretroleum, pretty much > > all the commodities are at lows that were unthinkable a couple years ago > in > > the 'bummer depression. > > > > > > As a practical comparison, 4 yrs ago, a 5-7 yr old dogde van was worth > > $8-10k from private sellers. This week I saw 5-7 yr old dogde vans > mostly > > around $5K from private sellers. > > > > _______________________________________ > > http://www.okiebenz.com > > > > To search list archives http://www.okiebenz.com/archive/ > > > > To Unsubscribe or change delivery options go to: > > http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com > > > > > _______________________________________ > http://www.okiebenz.com > > To search list archives http://www.okiebenz.com/archive/ > > To Unsubscribe or change delivery options go to: > http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com > > _______________________________________ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com