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China takes away the commodity punch bowl

Posted on 26 November 2010

From WSJ: If commodities bulls have a religious mantra, it is “China giveth.” The risk is it now taketh away. China is struggling to tame an inflationary dragon. Prices, especially for food, are rising strongly, and expectations for future price increases have surged.
Beijing blames U.S. quantitative easing, or QE, for pushing up the price of the commodities that China consumes voraciously. But QE is only part of the story. Chinese money supply surged by the equivalent of 40% of GDP last year, according to Lombard Street Research……………………………………….Full Article: Source


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