From Also Sprach Analyst:
The evidence of a China slowdown, which is somewhat worse (perhaps much worse) than what the market was expecting continues to pile up.
We have got disastrous macro data for April, more and more companies acknowledging slowdown in the market, pathetic loan growth which brought my speculation that debt deflation is a reality, building up of raw material inventories, and perhaps the acknowledgment from the Premier that perhaps supporting growth is now a higher priority than it was previously.
The latest comes from a report from the Financial Times
that Chinese commodities buyers are...
Read full article...
More on China and commodities:
Super-contrarian manager Hugh Hendry is back with a must-read letter
These stocks are screaming about a slowdown in Chinese commodity demand
This huge China oil development could be a long-term game changer for the U.S. dollar