“When it comes to oil demand, 17 years ago, China was a net exporter. Today, it is the second-largest importer, transporting 5.4 million barrels of oil into the country every day. That’s why it is widely accepted that the Asian giant spurred higher commodity prices in the past decade. And if the country was the force behind the boom, then the assumption is that China’s lower, but still healthy growth will be a drag on commodity prices. But recent research challenges this assumption. According to BCA Research’s Chen Zhao, what is initially an ‘outrageous proposition’ may not actually be.”
http://dailyreckoning.com/challenging-a-long-held-assumption-about-commodities/
Related posts:
Russian Police arrests Libertarians during Adam Smith forum
JPMorgan Comes Out With First "Overweight" Call On Commodities Since September 2010
The First Obamacare Tax That Went Into Effect
The People Who Profit from Marijuana Prohibition are Upset with the DOJ
A Whole Mess From Krugman About Whole Milk and Beyond
Documents reveal U.S. sells arms to Bahrain’s anti-democracy government crackdown
RSA Responds to Claim that it Gave NSA Back Door Access For $10M
Wisconsin asks hunters to watch for marijuana fields
Dec. 20, 1983: Rumsfeld shakes hands with Saddam Hussein
Fed Puzzle: The Massive Collapse in Money Velocity
Homeland Security Fusion Centers Will Share Intelligence Horizontally
Moneero Turns World's 6.8 Billion Cell Phones into Mobile Cash Wallets
Analysts: Muni-Bond Selloff Looks Like Lehman All Over Again
Mother Agnes Mariam: ‘Footage of Syria Chemical Attack is a Fraud’
Bank of China officially opens in Chicago