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Tag: autos hurricane Helene port strikes silver
Silver: how big a deal is the Chinese stimulus? It's a big deal. Silver was already heading for historic highs, but now there's talk of an epic breakout for silver. Whoo-hoo!
Autos: CNBC had long interview with Mark Fields, former Ford president and CEO, on American autos --- Ford has / had the wrong answer .... maybe we'll come back to this. Hint: the Chinese are marketing a $10,000 EV.
On another note, back on September 26, 2023, Biden made history, walking with workers striking the automakers.
Now President Biden and VP Harris have a chance to walk the picket lines with those striking the East Coast and GoM ports.
The Europeans -- especially the European car makers -- are going to get crushed. Think Lego. Lego already has had a huge back-order problem due to shipping issues. Except for autos, Lego, and high-cost purses, I can't think of much coming from Europe that catches my attention. Had this been on the west coast ---
China, US west coast ports, UNP are going to do very, very well.
This is the week to watch tickers -- one will quickly see which companies will be the winners and which will be the losers due to this strike at the ports. Me? Not worried.
The bigger story? The devastation from Hurricane Helene from northwestern Florida through the Carolinas into Tennessee and even into Ohio. What an opportunity -- an responsibility -- for American "know-how" to get supplies into these devastated regions. Having said that, one analyst says the devastation was horrendous, but not as bad as Ian (September 28, 2022) two years ago.
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