Key Drivers Of Overnight Action: Rumors Of RRR Easing Out Of China

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Tue, 10/25/2011 - 07:29 | 1807464 baten
baten's picture

It's a big club, and you aint in it!!!

Tue, 10/25/2011 - 07:30 | 1807467 moskov
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What's RRR? What does this article try to say?

Tue, 10/25/2011 - 07:35 | 1807474 eaglefalcon
eaglefalcon's picture

Reserve Requirement Ratio, the percentage of total deposit a bank must put away as reserve at central bank before they can loan out anything.  Current Chinese RRR is 23%.  Current US RRR is 9%

Tue, 10/25/2011 - 07:42 | 1807482 moskov
moskov's picture

Thanks my friend. Very informative

Tue, 10/25/2011 - 07:33 | 1807471 MiningJunkie
MiningJunkie's picture

Key drivers of ALL action are the global fiat printing presses. BTFD until you have no more FRN's left. Short cash; buy assets; and avoid doomsters.

Tue, 10/25/2011 - 07:45 | 1807485 firstdivision
firstdivision's picture

Copper has already retraced its little runup from the overnight action.

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