Friday, June 8, 2012

Bad news in China town

Chinese purchasers defaults on commodity contracts.  Not only that but some are re-exporting their cargo and delaying new shipments all together.  This is an indicator that China is taking in more raw materials than their manufacturing sector needs.  Just more outside of the official statistic news that China is, or is moving towards, a recession.

This is also very bad news for economies like Australia, that have oriented their economic future towards being a provider of raw materials to growing east asian nations.

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Seattle resident whose real name is Kevin Daniels. This blog covers the following topics, libertarian philosophy, realpolitik, western culture, history and the pursuit of truth from the perspective of a libertarian traditionalist.