Iron ore’s doom is at hand

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Macro Afternoon

You have to forgive me this week. I’m sick (not COVID). Should be back next. Below find the latest wrap of everything China and commodities. Needless to say, it is playing out precisely as foreseen with a growing growth scare beginning to take down commodity prices and increasingly threatening all bloated markets.

Chinese authorities remain resolute as their economy slows:

Expectations for near-term easing cooled after Chinese central bank officials said that the country will maintain prudent monetary policy and that there is no shortfall in base money supply.

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