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"The Chinese economy is only at the beginning of a harsh winter," says Zhang Hongxia - ...

"The Chinese economy is only at the beginning of a harsh winter," says Zhang Hongxia -  chairman of China's largest cotton-textile maker - estimating cotton usage could shrink 11% this year. Normally consuming 600K tons of cotton/year, Zhang's company used just 204K tons in H1. "We are in a worse situation now, (than) compared with 2008-09."
Comments (3)
  • dividend_growth
    , contributor
    Comments (2878) | Send Message
     
    China needs a break to clean out some excesses.
    22 Aug 2012, 12:22 AM Reply Like
  • QuantRec
    , contributor
    Comments (438) | Send Message
     
    Scary!
    22 Aug 2012, 12:49 AM Reply Like
  • J Mintzmyer
    , contributor
    Comments (3594) | Send Message
     
    Sounds like this count eat up the markets as more news like this hits the mainstream... Maybe should buy some Jan 13 puts on the index as a hedge?

     

    My BAC was just beginning to rally-- I missed my $10 otm calls (bought last Nov) for August when I got too greedy last Spring.

     

    Can't let that happen again- I won't turn away a 400% profit ever again!

     

    Any thoughts on the chance to get BAC above $10 before Spring '13? I'm thinking it's not going to be good if China starts falling apart.... I have April 13 $10c
    22 Aug 2012, 01:02 AM Reply Like
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