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Wednesday, October 28, 2015

China steel demand collapsing

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


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3 comments:

  1. RandomOctober 28, 2015 at 9:19 AM

    Why won't they float the currency?

    ReplyDelete
  2. CarlosOctober 28, 2015 at 12:46 PM

    It's all about rebar.

    Less construction = less rebar = plummeting steel prices.

    ReplyDelete
  3. Tom HickeyOctober 28, 2015 at 1:33 PM

    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.

    ReplyDelete