where's disco, page-92

Stresses in the Chinese financial system may come to a head in the next couple of years along with a blow up in the Japanese govt bond market (via rising interest rates) - and in combination would make for a pretty big blow off in markets

"China Showing Symptoms of Financial Crisis: Report
Published: Monday, 18 Mar 2013 | 4:08 AM ETBy: Ansuya Harjani"

http://www.cnbc.com/id/100562024

Dub posted the below link on the general thread to a talk given by hedge fund manager Kyle Bass on the looming crises in the Japanese bond market. It is a bit long and I would skip the introductory part which goes on for the first few minutes

"Myron Scholes Global Markets Forum: The Coming Crisis in Japan - Kyle Bass"

http://media.chicagobooth.edu/mediasite/Viewer/?peid=f15d95d054e8442ab0cc1c60321383101d

I can not see our minerals sector doing well if both the Chinese and Japanese economies get into trouble.

No wonder Glencore did an IPO back in 2011 at the peak of the recovery in mineral prices. These guys are possibly the world's best hard commodities traders and recognised the changing market conditions well ahead of others.

loki