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C IL | So the article says the following:
1. Companies ‘decided’ it was cheaper to make aluminum abroad. Instead of found, as in facts. Which is later corrected in the article. Telegraphing a certain slant to the article.
2. The article says This was telegraphed a year in advance when Ross began holding hearings. Sharp traders read the political winds and made their bets accordingly, which have paid off for them. Hardly graft or corruption, just a smart bet in a capitalist economy, living in the world we have instead of a theoretical world one side or another may want.
3. The article says that a certain trade view prevailed, wherein Ross and Navarro won and Cohn and others lost. Which was thoroughly discussed and reported on at the time. A hawkish faction won, a dovish faction lost. Regardless of facts, there are winners and losers to policy decisions, and lots of policy decisions come down to politics. Case in point: the farm bill, ACA, you name it.
It is an interesting read, nonetheless, but I read this, as with all news, with a healthy dose of skepticism and a desire to read in between the lines. There is definitely some subliminal messaging here. | |
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Aluminum WTF?
