by David Kranzler
Investment Research Dynamics
The western media – especially any mainstream U.S. news source – has made it a habit to blame the world’s problems on Russia and China. The U.S. economy is aces – when the U.S. stock market drops it’s China’s fault.
Bloomberg published a report yesterday which presented China’s commodities futures market as the world’s most speculative mania:
What started as a logical bet — that China’s economic stimulus and industrial reforms would lead to shortages of construction materials — quickly morphed into a full-blown commodities frenzy with little bearing on reality. Bloomberg News