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Price recovery sparks domestic Chinese copper, iron ore production boom

By analyst By Frik Els China’s dozens of iron ore mining companies produced more in June than any month since October 2015, making the most of higher prices and record-breaking steel output. The country’s crude iron ore production jumped 5% from a year ago to 124.7 million tonnes (on a 58–65% Fe content basis tonnage […]

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The Fed, Stress Tests and Distorted Reality on Wall Street

By Craig Wilson This post The Fed, Stress Tests and Distorted Reality on Wall Street appeared first on Daily Reckoning. “Reality is merely an illusion, albeit a very persistent one.” The quote, largely attributed to Albert Einstein, while not directed at Wall Street and the Federal Reserve perfectly describes the latest stress test debauchery. Hidden

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