Sunday, June 8, 2014

Western Banks Scramble As China's "Rehypothecation Evaporation" Goes Global

My take:  rehypothecation means physical inventory has been grossly overstated that will be ultimately bullish long-term, but may be bearish short-term as market participants question the credibility of said inventory levels.

It also aligns perfectly with a global push to suppress prices of tangible assets in order to obfuscate currency debasement of all fiat sovereign currencies.

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