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Strategies & Market Trends : Winter in the Great White North -- Ignore unavailable to you. Want to Upgrade?

To: marcos who wrote (7490)	4/19/2009 1:56:43 PM
From: teevee	1 Recommendation Respond to of 8273

... if Coxe is right about the chinese buying at this level being a temporary factor, then copper could come off quite a bit ... China looks to its own consumers news.bbc.co.uk China is rebalancing its economy to focus more on domestic consumption than exports in order to achieve its growth target, Premier Wen Jiabao has said. Addressing an Asian regional forum in southern China, he announced a $10bn (£6.7bn) fund for infrastructure projects in south-east Asia. Coxe is one of my favorite talking heads, but no one bats a 1000. The US economy was about 85% of global GDP back in the '50's and 60's, but now it is only about !5% and shrinking. Bernanke must be flustered that China is buying metals instead of more US financial toxic waste like treasury bills:-) The mere fact that China is looking to its own economy to achieve its growth target tells me the expectations of the Chinese can now only be ignored at the peril of its gov't. I would wager that a significant percentage will be directed to China's military too, as that is the model that has driven the US economy (ie.US military industrial complex with facilities and votes in every state). Maybe it will be an arms race between China and the US that will kick starts the next boom in commodities?