​Goldman: “Too Furious Ferrous Rally” – Tyler Durden

Goldman: “Too Furious Ferrous Rally” China’s recent monetary and fiscal bazooka will likely fall short of the policy prescription needed to rid the world’s second-largest economy of deflationary risks. The real estate crisis remains unresolved, and iron ore markets are trending lower after a brief spike in late September when Beijing initially announced stimulus.  Just as the iron ore rally was blasting off, Goldman’s Thomas Evans told clients around Sept. 24 to “fade iron ore rallies.” “In the long term, steel overcapacity and growing supply in iron ore are the two biggest headwinds to ferrous supply chain, which can’t be fixed any time soon. The indicator to…  — Continue at ZeroHedge News : Read More