So What is Added Reality..?

November 1, 2012 § Leave a comment

Can’t recall the guy’s name right now, but he’s out of oilprice.com and says:—

“The price of iron and steel is likely to fall in October-December 2012 following the drop in oil price.”

Which may well be the case though hardly the whole story.

Izaaks@axios is on Dave Einhorn’s list and the latter, a hedge noted for shorting is presently doing that to iron ore, factoring figs <$100.. say $60 bottom. Which is WAY DOWN.

Methinks, tis not so much the greater supply capacity of Africa and others like Australia, that is doing this as I recall twas Izaaks would have all believe, but more that investors are seeking out more sustainable growth scenarios.

So.. answering my own header question: Added Reality is better (informed) reality. Heh-heh.. 🙂

ps: Of course even this predates Sandy. Once the cleanup and restarts are underway wouldn’t anyone expect those rebuilds find needed steel capacity etc.

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