Wednesday, April 22, 2015

Copper Plunge Continues Despite Chinese Stimulus

Since China unleashed its latest (and greatest since 2008) RRR cut, stock prices have surged amid the liquidity hype. However, perhaps more indicative of the underlying reality of just what good an RRR cut will do to a debt-saturated economy full of weak credits thanks to tumbling asset pricescopper prices have now plunged over 6% in the last 2 days...


Copper Plunge Continues Despite Chinese Stimulus
But still BTFATH in Chinese stocks...

Charts: Bloomberg

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