Remember the LORD for it is he who gives you the ability to produce wealth and so confirms his covenant... Deut. 8:18

Monday, November 22, 2010

China Raises Banking Reserves, Contains Inflation.

DJ Newswires: Effective 29th Nov, China Central Bank will raise banks reserve ratio requirement, intensifying efforts to drain excess liquidity from the banking system to rein in credit growth after China's consumer price inflation shot up to 4.4%
Bad news for commodities.
Commodities currency AUD slid from 3.13 to approx 3.06
CRB Index retreats from 314 to 299. CPO price drops from 3370 to 3180.


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Desaville said...

Thank you for the updates.
Hope everybody can handle the changes.Good post!

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