Where Have All The Scholars Gone?
Is no one out there retaining the disciplne of following bellwether industrial earnings and outlooks in order to keep their finger on the pulse of the crucial American industrial base? I know the condition of many industrials is pretty severely impaired and therefore a bit depressing to observe, but since when does turning a blind get us anywhere?
Know the Real Dynamics of Steel
I continue to pour my heart and soul into my efforts to bring Fools as much information as I possibly can that is relevant to informing and maintaining an accurate macroeconomic worldview, and I concede that my process is intensive in terms of the number of factors I encourage Fools to consider and observe, but for this treatment of a steelmaker's earnings to receive just one rec during such a high-stakes moment of reversal in the fabricated recovery myth is slightly unnerving. :) Worse yet, that rec was mine. :P
So please, help me to know that someone beside myself has read this article and that I'm not just speaking to empty room. I don't want sympathy recs, so please only rec it if you like it... and if you don't, let me know why.
Remember how resolutely optimistic prior rounds of earnings from domestic steelmakers were. Does this not strike you as a rather significant change in tone? Meanwhile the talking heads are parroting Bernanke's reiteration of recovery expectations ... as if the Fed's revised outlook were not sufficint to interpret an acknowledgement of failure ... as if the Fed is going to submit a report saying that the recovery never was sustainable to begin with and was merely a momentary haze of deception that cost the taxpayer trillions. As if.