Friday, April 15, 2011

Chinese Food Prices Show No Respite, While New Loans Up By 33%y/y

Playing the game of sell-side establishment with close to peak in Chinese rate cycle propaganda? These guys are credit addicted and cannot stop the poisoning of the economy with new loans up by 33% year on year.

These are not the charts from CME pricing service, but there is little evidence of momentum slowing? Click on chart to enlarge, courtesy of Standard Chartered.

 Bullish charts for food prices are not necessary bullish for other assets ...

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