What Possible Disruption is Coming That Requires China to Start Massive Stockpiling of All Possible Commodities

from Zero Hedge

By Michael Every of Rabobank

Today is like one of those rare occasions when the Broadway understudy for a leading role finds out that the star has the ‘flu (not Covid-19) and so they get to go in front of the audience for once. Yes, Europe, today is your time to shine: “Everything’s coming up Milhouse!”.

Or not. Because the pressure is certainly on.

First, we have the ECB. The market whisper is that they have decided that a global backdrop where the Fed, BOE, RBA and RBNZ, among others, have all flagged that things remain grave, and that far more easing can still be; where a second wave of the virus is clearly evident; and where we are worryingly close to a Hard Brexit, is the right time to sell sunny economic uplands ahead.

Continue Reading at ZeroHedge.com…