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Corey Steel Company | Customer Letter | 102006
This month’s report on producer prices from the Labor Department offers an example of the conundrums faced by those whose jobs require them to predict changes in the national economy. Consumer prices echoed the producer price trends, but did not show the built-in contradictions so vividly.
Corey Steel Company | Customer Letter | 011906
My July letter suggested that a “return to normalcy” might be underway, in the sense that the U.S. might be becoming an attractive export market, as Chinese demand eases. We have further evidence of this trend in the most recent data.
Corey Steel Company | Customer Letter | 011906
People love to predict. If you need confirmation of that assertion, just look at the billions spent wagering on the outcomes of the Super Bowl and hundreds of other sporting events, on political contests and on commodity prices.
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