Oh man - if you thought the US could create a credit bubble, you ain't seen nothing yet.
The always entertaining Mogambo Guru of the Daily Reckoning comments that an increase in Chinese citizen credit card usage "is also in line with government goals."
This is a country that saves a huge percentage of their income, and has very little debt, so there is no shortage of dry powder raring to go. These people are not going to give up the amazing progress they've achieved over the past 5-10 years.
No matter what fate awaits the US, the commodity bull market is alive and well.
Most Popular Articles This Month
The gold standard these days has been reduced to a distant memory and fantasy of hard money proponents. IF we returned to a gold standard, ...
Jim Rogers sat down with Newsmax for a short interview , in which he expressed his belief that the US economic situation is "very, very...
Our soft commodity flavor-of-the-month, cotton, has seen its near term futures surge "limit up" for the second day in the row. Wa...