Informative summary of markets with the greater emphasis on commodities
My thanks to a subscriber for this report which is likely to be of interest to a number of subscribers.
David Fuller's view Although issued before the USDA final report on 12th January, this is a good overall summary. I am more bullish on China than the report - focus on the central government's strategic planning, not the overbuilding due to overly zealous provincial governments. The graphic on 'commodity spirals' offers perspective. I regard the current situation as frothy but not yet the obvious bubble that we saw in 1H 2008.
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