The Global Economy’s Ticking Debt Bomb is About to Explode

As the dust settles in the iron ore and copper markets (both metals enjoyed a rise overnight) let’s take a step back and assess the damage.

Both metals are heavily involved in China’s credit bubble. That is, traders, speculators and whoever else wanted in on the action would effectively ‘monetise’ their copper/iron ore holdings and then speculate with the proceeds.

continue reading at dailyreckoning.com.au

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