Wednesday, October 28, 2015

China steel demand collapsing

This suggests more exchange rate adjustments (devaluation) as fiscal solutions are not considered anymore.


Random said...

Why won't they float the currency?

Carlos said...

It's all about rebar.

Less construction = less rebar = plummeting steel prices.

Tom Hickey said...

Global economy contracting and deflation setting up. There are going to be knock-on effects that go viral.

Dangerous in a period of growing global instability as US hegemony is challenged and the US projecting power reactively as well as proactively.