Share
5,651 Posts.
lightbulb Created with Sketch. 45
clock Created with Sketch.
26/08/15
11:41
Share
Originally posted by philh9
↑
It is done because of deepening concerns, we can expect more, how long did QE take, it's a long term issue for China. I have more doubt about what QE has done in the States ? there the market is everything and it looks like something is not right. The market in China is small, totally different to anything in the US and not mature and inhabited by a different demographic, the worry is when the world starts to look at it's actions and consider them the same as a U.S. stock market, that is of more concern, it's not the U.S. and much more unpredictable. The direction of monitory policy towards housing and domestic infrastructure is good for the long term future of copper, most here are looking a couple of years down the track for some copper value. You have some alternative policy ?
Expand
BHP's MacKenzie on China in todays SMH..
"
As we look at things today, there are signs that the Chinese economy has begun to bottom out and that the second half will be stronger than the first."
"Iron is still flowing. [Metallurgical] coal is still flowing. Copper is still flowing. Hydrocarbons to China are still flowing too. There is no evidence of any inventory buildup."
Thought you would like that positive sentiment from the Hippy
Read more: http://www.smh.com.au/business/mark...ons-simmer-20150825-gj7rki.html#ixzz3jsgUNcbj
Follow us: @smh on Twitter | sydneymorningherald on Facebook