The interest rate cut yesterday by the Reserve Bank of Australia suggests that finally the RBA understands that the Chinese economy will not keep expanding at a rapid rate while its major trading partners are struggling. But even if the Chinese economy slows more than most economists expect this is unlikely to send the global economy back into a GFC-like slump.
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Oil Prices, the Baltic Dry Index, Stock Markets & Gold.
December 7th, 2011 · 34 Comments
Tags: Commodities · Forecasts · Stockmarket
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