Powell Prepares Markets For "Greater Pain" | Weekly Round Up
Supply Shock
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The Chinese Real State Sector Is a Biggest Consumer of Commodities
Mike Tully: What are the broader implications that people should be understanding about the stress on the chinese real state sector? He says a slow down of that economic engine would mean lower prices of all commodities, particularly industrial metals like iron. A so just because sector can slow down doesn't mean that what you think is going to happen will happen, he adds. Mike tully: We've definitely seen panic and doom and gloom and some retraction and in assa prices, or maybe something that ooks like a the beginning of a correction towards the mean.
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