Commodity FX (CAD AUD NZD NOK)

Evidence of China hard landing? Strong short AUD?
Industrial production remains low , retail low, and consumer inflation low.
Thus China has entered the same state of economy as Eurozone and USA, incomes from productive work jobs falls, the velocity of circulation of money drops, paving the way to deflation, not inflation.
80% of Australia's GDP is commodity exports, and the biggest parts of commodities goes to Asia, with China the biggest asian customer. Without commodities Australia industry is not self-sustaining.
I do not believe China could avert hard landing with another big round of infrastructure spending,
because what really stands in the way is the "medieval" distribution of wealth and income. China needs far more jobs and far less princeling-Oligarchs.

Thus AUD NZD are imho very safe shorts, the only question is at which price starting short, that is not if, but when.

emmm, maybe like bush government, a small stimulus triggered selloff.

i knew that, but new rumour about infrastructure spending from both local and central government.

i guess GS will push commodities higher like 2008.

Yes if they reduce reserve requirements I don't know exactly what the state of China economy is but i assume they have overcapacities and are overstocked in industry metals.

you both may be right however aussie got a boost from jobs and methinks thats the top .... i'll stay in with sl and wait .