China’s central bank just cut rates unexpectedly . . . . Reports of dismal July economic just released in China. Youth unemployment data simply not released. Near term supports Yuan, USD slips.
CHINA ALERT AGAIN: Evergrande real estate bankruptcy (China’s 2nd largest developer) could trigger a domino global selloff across equity and commodity markets soon. Apparently, Evergrande is in-need of a $1 trillion bailout. China’s economy now in a quickly deepening recession. The U.S. economy is also in-recession, but bankers / media simply won’t say the word. U.S. now in a severe credit crisis. Stay tuned to Errol’s Commodity Wire . . . .
Broad-based selloff in across global commodities and equities in-progress. China panicked rate cut sparked, but this was a storm ready-to-happen. Crude oil remains heavily overbought.
CHINA ALERT AGAIN: Evergrande real estate bankruptcy (China’s 2nd largest developer) could trigger a domino global selloff across equity and commodity markets soon. Apparently, Evergrande is in-need of a $1 trillion bailout. China’s economy now in a quickly deepening recession. The U.S. economy is also in-recession, but bankers / media simply won’t say the word. U.S. now in a severe credit crisis. Stay tuned to Errol’s Commodity Wire . . . .
Broad-based selloff in across global commodities and equities in-progress. China panicked rate cut sparked, but this was a storm ready-to-happen. Crude oil remains heavily overbought.