And the story develops.......
And it's only getting worse.....
Today I got word that steel is going up 14% tommorrow so I started looking a little deeper and based on commodities futures prices it looks like another 9% in June.
At some point very soon our government needs to decide its time to do something to keep all American factories from closing their doors, how would we deal with 20 million suddenly unemployed factory workers due the the high cost of raw materials, prices that are artificially high due to the Chinese demand on our supply. A limit should be imposed or they will simplly win the war economically.......$250 a ton for scrap steel today, it will be $280 tommorrow......just for scrap.
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