Metal manufacturers pay the price for Joe Biden Opening His Mouth.
It was apparently their turn.
The annoying bit is that we can’t even put the Vice President in an undisclosed location, given that he’s already gone out and disclosed it. I would write that it’s days like this that make me miss Dick Cheney, except that doing so would imply that I’ve ever stopped doing so since 01/20/2009.
Biden comments drive metal manufacturers lower
NEW YORK (AP) — Shares of major metal manufacturers traded sharply lower Monday, a day after Vice President Joe Biden said the White House “misread” the economy, prompting concerns that an economic recovery could be slower than expected.
During the second quarter, commodity prices “went through the roof,” and investors snapped up metal makers stocks on word that the economy was “less bad” than before, he said.
But, now, the market has switched its thinking amid broader concerns about the economy, he said.
See here for a link to the interview (Hot Air for the H/T). About the only thing that you can say about it is that at least the White House hasn’t sent out people to retract the economic portions yet – unlike, for example, the VP’s recent comments that could be read as the USA giving permission to Israel to bomb Iran (via Sense of Events). But the ‘pace of the ball is now going to increase,’ at least – and if you know what that actually means, I’m not sure whether to be envious of, or worried about you.
Just another Monday in this, the best of all possible worlds…
Crossposted to Moe Lane.