The extent of the rate hike this time is fairly small. What is more important is whether or not more lies ahead. And even if there are further rate hikes, it is investment that will first be impacted, followed by consumption.
More Quotes from Wang Zheng:
The sell-off in oil damped demand for some metals yesterday in London and New York. Traders in China are worried there might be a chain reaction of funds selling metals to take profits.Wang Zheng
In China, purchases from major consumers, including power cable makers, are still normal at this price level. Buyers are doing futures to hedge price swings and help reduce losses made on the spot market.
Wang Zheng
Funds are buying and China's demand is still healthy. The sharp rise was to catch up with gains in London in the past week.
Wang Zheng
Prices can hit record highs at any time, but investors want to see room to take profits.
Wang Zheng
Before the Easter vacation there was short-covering in London as next Wednesday is also the settlement day there, so after the vacation there should be more stop-loss buying.
Wang Zheng
Readers Who Like This Quotation Also Like:
Based on Topics: Time QuotesBased on Keywords: hike, hikes
They told me that the hotels had maybe two rooms set up for people with disabilities, but if they got there too late, and didn't get one of these rooms, they couldn't take a shower. The room wasn't hooked up for them, or maybe the sink was too high.
Gregory Hines
I have ten commandments. The first nine are, thou shalt not bore. The tenth is, thou shalt have right of final cut.
Billy Wilder
Every great work, every big accomplishment, has been brought into manifestation through holding to the vision, and often just before the big achievement, comes apparent failure and discouragement.
Florence Scovel Shinn