Thursday, December 10, 2015
Chinese Commodity Markets Continue to Collapse and Perpetrate Further (Hard Landing) Collapse Scenario
Iron ore and steel futures hitting multi-year lows indicating continuing weakness in construction and industrial demand in China.
Chinese steel mills are continuing to produce to "retain market share" and cooperate with banks intending to avoid disclosure. (Remember Japan?)
China appears to be approaching a hard landing? How long can these charades be perpetuated?