This weeks reversal higher in the markets came on the heels of even more money printing news out of China. I cover this in more depth later in this update as well, but here’s the gist of it; The Central Bank of China (PBOC) announced another newer and even better round of quantitative easing (QE), this time in the amount of CHY 500 billion (roughly USD $84 billion). These freshly printed digits are being deposited in the 5 largest Chinese banks, in equal amounts, which they say will “encourage Chinese banks to lend more money“.  Let’s hope so…their stock market just had its worst day in over 6 months and the economic news out of China has been dismal at best.

When we look at the global economy over the past 6 years, following the onset of financial collapse in 2008, it is absolutely stunning how large a role China has played. They have consistently purchased at least 50% of the world’s most important commodities (iron ore, grain, cotton, oil, gold, etc). These figures are mind blowi...