News item
18 May 10
Fodder for the media
Aside from all of this, it must, however, be accepted that the national debt of those countries named above, and also that of many other countries, is much too high and should definitely be curtailed in the coming years – even if this results in massive cutbacks. It is not legitimate to live today at the expense of future generations, nor should the considerable risks be ignored that after the housing and financial crisis we might have the next exogenous shock of a global solvency and credit rating crisis affecting the economy. To prevent this there must be a step by step reduction of debt, and all distortion of accounts, such as those made by the Greek authorities in their (deliberate) fraudulent actions, should be severely punished.
LME (London Metal Exchange)
| LME Official Close (3 month) | ||||
| May 18, 2010 | ||||
| Nickel (Ni) | Copper (Cu) | Aluminium (Al) | ||
| Official Close 3 Mon.Ask |
21,505.00 USD/mt |
6,636.50 USD/mt |
2,036.00 USD/mt |
|
| LME stocks in mt | ||||
| April 20, 2010 |
May 18, 2010 |
Delta in mt | Delta in % | |
| Nickel (Ni) | 149,946 |
139,962 | -9,984 |
-6.66% |
| Copper (Cu) | 507,525 | 483,150 | -24,375 | -4.80% |
| Aluminium (Al) | 4,570,375 | 4,511,025 |
-59,350 |
-1.29% |