Cline Mining Corporation T.CMK

UScoal shipments10%downQ/Q

[GEEE]

Update on those posts which still stand

https://www.stockhouse.com/Bullboards/MessageDetail.aspx?p=0&m=29692663&l=0&r=0&s=CMK&t=LIST

https://www.stockhouse.com/Bullboards/MessageDetail.aspx?p=0&m=29711090&l=0&r=0&s=CMK&t=LIST

https://www.stockhouse.com/Bullboards/MessageDetail.aspx?s=CMK&t=LIST&m=29687692&l=0&pd=0&r=0&msg=3

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Rail Data Is Out: Here's What It Says About The Slowing Economy

Generally, it's not good, and confirms a lot of what the other data has been showing.

Here are some charts

Coal is negative, year-over-year, again
Second month in row .
Between Jan and May =12% less coal shipments

At 1 b t US production that's 120mt annualized less .
Please, close 360 CMK- size mines LOL .


LOWER SHIPMENTS = LOWER EARNINGS = LOWER PPS 3 months later when they'll report.
https://static1.businessinsider.com/image/4dee4a8d49e2aefc09030000/chart.jpg


demand for auto steel looks like 1/3 2010

https://static2.businessinsider.com/image/4dee4ab34bd7c88365020000/chart.jpg

not much home construction either

https://static1.businessinsider.com/image/4dee4acf4bd7c8d75f1f0000/chart.jpg

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China's recent $463 billion bailout of its local governments could lead to acrisis 1.5X the strength of the 2008 financial crisis, according to Societe Generale's Dylan Grice.

A bail-out of $463bn is half the size of the TARP, introduced by Paulson at the nadir of the 2008 crisis, for an economy which is only one-third the size of the US.
So adjusted for GDP, China has just announced an emergency bail out of one and a half TARPs!

If we calibrate the magnitude of the economic crisis with the size of the bail-out, one and a half TARPs implies a financial crisis one and half times the order of magnitude of 2008.


More here
https://www.stockhouse.com/Bullboards/MessageDetailThread.aspx?p=0&m=29819444&r=0&s=CMK&t=LIST

https://www.stockhouse.com/Bullboards/MessageDetail.aspx?p=0&m=29823325&l=0&r=0&s=CMK&t=LIST

https://www.stockhouse.com/Bullboards/MessageDetail.aspx?p=0&m=29806348&l=0&r=0&s=CMK&t=LIST

https://www.stockhouse.com/Bullboards/MessageDetailThread.aspx?p=0&m=29780447&r=0&s=CMK&t=LIST