Loading ... Remember the strong dollar peak in ’00 &’01?? Little George first thing they had to put a tariff on imported steel and lumber (too cheap) until the weaker dollar raised the prices? Gold Silver Copper and Oil was dirt cheap, steel, and also most all commodities.
If this is a repeat today? Gold and Silver have bottomed.
Steel company lays off 500 employees in Texas, Arkansas:
Part:
BLYTHEVILLE, Ark. • A steel company that caters to the energy industry is laying off 500 employees at facilities in Conroe, Texas, and at Blytheville, in northeast Arkansas.
The company said the industry had seen a large number of imports from South Korea.
Top US Oil States Are Taking A Hit From Plunging Crude Prices
(Reuters) – After leading the U.S. economic recovery out of recession, some of the nation’s top oil states are showing early signs of a slowdown as a result of the plunge in crude prices.
In Houston, Texas, the first oil industry layoffs have been announced, with realtors there predicting a sharp decline, up to 12 percent, in home sales next year. States such as Texas, North Dakota, Alaska, Oklahoma and New Mexico are all likely to feel strains next year,
As a result, while most states expect a tailwind from cheaper oil and its boost to consumption, it is the oil states’ turn to act as a drag on the nation’s overall economic growth.