Truly, global markets do not understand commodity cycles. Some of this is folks talking their books. Some of it is pure ignorance. What we can say for sure is that as the commodities bubble pops, the leftover space is being filled with balderdash.
All areas of the commodity market are being covered in rhetorical manure, starting with China, according to Bloomberg:
- Chinese growth has decoupled from credit.
- Even in the property sector because more credit is going to more efficient SMEs.
- Services share of growth is rising, needing less credit to generate growth.
