08.01.2009 - The Dragon is blowing commodity bubbles: Leo Lewis on Asia
From Timesonline.co.uk: Yesterday, after three consecutive sessions of hot-blooded, limit-hitting exuberance, trading in Shanghai rubber futures was suspended and given the chance to simmer down. Dealers simply shrugged and made a feverish lunge for Tokyo rubber futures instead. It was not supposed to be like this. Everyone has seen the doom-laden pictures by now - the trade fleets at anchor, the silent pit-heads and the stone-cold blast furnaces – but risk capital seems to have spotted something more enticing: six vast holes in the ground and the contents of a Chinese fridge..... Full Article: Source
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