China Scrambling After "Discovering" Thousands Of Tons Of Rehypothecated Copper, Aluminum Missing

China Scrambling After "Discovering" Thousands Of Tons Of Rehypothecated Copper, Aluminum Missing | Zero Hedge

Posted by straightlinelogic 11 years, 9 months ago to Economics

Keep an eye on this. Chinese state directed credit and the shadow banking system on the periphery are both houses of cards.

SOURCE URL: http://www.zerohedge.com/news/2014-06-04/china-scrambling-after-discovering-thousands-tons-rehypothecated-copper-aluminum-mis

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Posted by jbrenner 11 years, 9 months ago

Thanks for the heads-up, straightlinelogic. I spent a couple of hours yesterday talking with my research partner at an aluminum manufacturer. I am sure his company would like to know about this. I just finished the part of your book where Durand is considering moving to NY.

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  Posted by straightlinelogic 11 years, 9 months ago
  
  You can disregard this as author's puffery, but you're just getting into the really good parts of the book.
  
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    Posted by jbrenner 11 years, 9 months ago
    
    That would make things particularly enjoyable, because the earlier parts regarding Civil War history and anything about Rockefeller are two of my favorite topics outside my professional expertise. Rockefeller invented chemical engineering, my field.
    
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      Posted by straightlinelogic 11 years, 9 months ago
      
      Have you read Ron Chernow's biography of Rockefeller, Titan? If not, you would probably enjoy it. It is very well written and researched.
      
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        Posted by jbrenner 11 years, 9 months ago
        
        I have not read that yet. That would be well worth my time.
        
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Posted by ObjectiveAnalyst 11 years, 9 months ago

Good morning straightlinelogic,
This is very interesting. If I am understanding the article correctly, aside from the market reaction, it sounds like I could benefit, at least in the short term if I stock up once prices come down. I use a lot of copper based alloys and even more Aluminum.
Regards,
O.A.

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  Posted by straightlinelogic 11 years, 9 months ago
  
  Yes, as always the timing is tricky, but there will probably be a lot of pressure on rehypothecated industrial metals' prices.
  
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    Posted by ObjectiveAnalyst 11 years, 9 months ago
    
    Thank you for bringing this to our attention. I will have to be vigilant and move quickly. I am going to speak with a couple of my suppliers so they can give me notice.
    
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      Posted by straightlinelogic 11 years, 9 months ago
      
      For continuing information, I recommend the http://zerohedge.com. It has a take on markets and politics you don't get in the mainstream press, and it is often miles ahead of stories that later break there. (It was talking about high frequency trading years before Michael Lewis's book was published.)
      
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        Posted by ObjectiveAnalyst 11 years, 9 months ago
        
        Thank you. I have bookmarked the page.
        
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Posted by TimCutler 11 years, 9 months ago

Zerohedge.com has been on my toolbar for about a month now - I consider it just as important as DrudgeReport.com.

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  Posted by straightlinelogic 11 years, 9 months ago
  
  It is a very good site.
  
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China Scrambling After "Discovering" Thousands Of Tons Of Rehypothecated Copper, Aluminum Missing | Zero Hedge

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