Wednesday, August 28, 2013

One Chart on China Jumps Out at Me Like a Tiger

The always excellent Frank Holmes, of US Global Funds, put out his latest Frank Talk two days ago. If you don't subscribe, you really should. This week, he's talking about "5 China Charts That Look Bullish for Commodities".

Anyway, one chart really jumped out at me.  The chart of China's crude oil imports ...

Crude oil imports rose to a record high in July. This really struck me because so many doom-meisters have been raising red flags on China recently.

Here's the thing. Do you know how often "hollowed-out, about-to-slump" economies see their oil imports go up?  

Answer: Never.

Like a beast in the jungle, this chart just jumps out at you. 

Something to think about. Now go read the rest of Frank's piece, and see his other China charts.

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