Why a slowdown in China would be particularly bad for Canada
Andrew Hepburn writes that everyone is looking for signs that China is falling apart, but forget to consider how badly Canada would be hurt:
Many of the bullish bets on resources by international hedge funds, pension funds and other speculators are predicated on the “story” of an ever-growing China et al. And the problem is, as the BRIC slowdown shows, that story is coming unglued. With its unraveling we are starting to see the bursting of a speculative commodity bubble. Financial players overran these tiny markets and prices soared, which can only mean falling prices when they leave the scene.