Thank the irresponsible members of Fed Reserve, with assistance from other Central Banks. These things never end well: 1929, 1999, 2007, flash crashes, etc. By many measures, liquidity printed by Fed is at an all-time high, so metals, stocks, real estate, are further inflated. All that with world-wide political tensions, including Putin now warning about nuclear weapons, as well as a Pres. election. Only constant money printing permits most to ignore all other factors. Usually there is a slight warning when the bubble begins deflating.
China's oil imports are about 320,000 bpd lower this year. For example Iraq exports 350,000 bpd and Iran 250,000 bpd. We should see oil at $50 soon.
Chinese stocks are blowing up this morning thanks to their stimulus. Get long YINN,CWEB,et al take your pick.
China Economy China’s Xi and top leaders call for halting real estate decline, responding to public concerns Published Thu, Sep 26 20245:22 AM EDTUpdated 58 Min Ago __________________________________ At the rate things are going, China can buy a few tens of fully loaded aircraft carriers.