Comments on: Yuan storm warning.

By: Looking Glass

Fri, 08 Jan 2016 02:41:46 +0000

On Copper, 1.750 should be about the Spring Low that’ll form around March. I would expect a bounce from there (especially with what USDX has been up to) probably back up to 2.200. But 1.400 would be the downside likelihood for the year without a massive change in the “easily” available information.

(It’s a hobby.)

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By: Looking Glass

Fri, 08 Jan 2016 02:34:32 +0000

Debt-fueled Asset Bubbles. They always end brutally, but they’re great for those on the Top on the way up. Which is why they’re prized so much.

The USA isn’t immune to it either. It’s what caused the Great Depression. (The USA was the world’s largest exporter in the 1920s, which drove up lending to buy & farm land. That’s what caused the wipe outs: over-leveraged lending for real estate because exports dropped massively.) China is just going to get it good & hard because all of the “growth” has been fueled by more & more debt for the past decade.

Though, there’s a hilarious side bit. China’s modern economy parts can be in free-fall, yet it could still realistically “grow” at 2-3%. Moving from “dirt poor” to “poor” is the largest increase in economic well-being, and they still have hundreds of millions to move out of it.

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By: Brown

Thu, 07 Jan 2016 23:16:52 +0000

Central control doesn’t work in my view and China was always looking dodgy – it just grew off a very low base so had room to look good for a while. Ethics underpin much of what makes a society great and China had precious little of that.

Maybe the age of materialism is dying before it really got going? Maybe there is no win win? Maybe its difficult to predict the future? Maybe we cannot all work in service industries? Maybe my gold and silver will double again?

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