China allowing for devaluation of the Yuan was a sure sign of what's coming.
China having held off much needed stimulus for almost 2 years allowing growth to progressively deteriorate (which is now accelerating) is now in PANIC mode and playing rapid catch up with massive infrastructure stimulus coming.
The ministry of Finance doesn't mince words. We all know what happened to Iron Ore price in 2009 when China last rolled out FORCEFUL stimulus.
A mother of all short covering stampede is coming.
At least the dickheads at Citi and Goldman now have a face saving excuse to backflip on their IOP projection
http://www.marketwatch.com/story/china-to-roll-out-more-forceful-fiscal-policy-2015-09-09
BEIJING--China's finance ministry said Wednesday the country would roll out a "more forceful" fiscal policy to stimulate economic growth, which it said faces downward pressure. The Ministry of Finance said in a statement that it would allocate more funds to support infrastructure projects.........
Forceful Stimulus: 2009 Instant Replay
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