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Thursday, January 21, 2010

New steps taken by chinese banks

Beijing wants Chinese banks to slow down their lending. Will curtailed lending derail the Chinese economy? I hardly think so.. China has alot going for them. But this has certainly caused an impact on the commodities market. And I suspect, for the short term. The natural resource market is still very much a bull market in the medium to long term. US dollar might go up higher in the short term but remains anaemic, over the long term outlook.

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