Our Ephemeral ‘Recovery’

Chinese SteelWe’ve reported the dropping economic shoes from time to time, recently in South America, when such events show the realities behind our Panglossian economic ‘recovery.’

Another bit of gritty reality has just appeared from China: Tarnishing Steel. The linked report will update the reader on conditions in the Chinese steel industry, which per the story, faces such overcapacity as to need a new way of doing business.

As usual these days, our informers helping us get through life from their perches in the U.S. media seem not to have noticed; one supposes they hate to bear bad tidings that aren’t somehow, linked to sex or violence.

But we are ruthless and unsympathetic here, worshipping at reality’s’ cold altar in the hope of being better prepared when that relentless force arrives upon us. A basic Chinese industry facing structural retrenchment seems to be telling us something… So we’re passing it on.

About Jack Curtis

Suspicious of government, doubtful of economics, fond of figure skating (but the off-ice part, not so much)
This entry was posted in Business, China, Depression, Economics, Jobs, Politics, Predictions, Trade and tagged , , , , . Bookmark the permalink.

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