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

Tyler Durden's picture

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baten's picture

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

moskov's picture

What's RRR? What does this article try to say?

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%

moskov's picture

Thanks my friend. Very informative

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.

firstdivision's picture

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