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Commodities Briefing - Categorized | Metals and Minerals, Performance more

Metals up ahead of Japan rebuild

Posted on 28 March 2011

Metals traders became very excited when they heard the latest estimate of Japan’s reconstruction cost coming in at $US308 billion ($300bn). Up went the base metals on the assumption, presumably, that to get started you just need to write a few cheques.

Not quite, we fear. There’s that small matter of public debt representing more than 200 per cent of Japan’s GDP…………………………………….Full Article: Source


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VRS - who has written 36064 posts on Opalesque Commodities Briefing.


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