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greasemonkeyshoes

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greasemonkeyshoes

Re: None

Tuesday, 09/18/2012 1:28:47 AM

Tuesday, September 18, 2012 1:28:47 AM

Post# of 7895
Rehypothecated steel and the start of unraveling of steel bubble on the other side of the pond(Pacific)....

"...China's demand has faltered with the slowing economy, pushing steel prices to a three-year low and making it tough for mills and traders to keep up with payments on the $400 billion of debt they racked up during years of double-digit growth....."

http://www.zerohedge.com/news/how-chinas-rehypothecated-ghost-steel-just-vaporized-and-what-means-world-economy

ps-Latest Chinese stimulus: a cover to fund the "steel casino" mess???

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