As China Makes More Promises On Trade, Data Suggests Slowdown Isn’t Over Yet
So much for the glass half-full take.
So much for the glass half-full take.
“Makes so much sense”…
This will be a true test of whether bad news really is “good” news.
Ok, it’s time for “narrative” check – as it were.
We’ll see what the half-life on this is.
This will likely get worse before it gets better.
“Juuust a bit outside.”Â
Too little, too late?
“It’s the category that counts.”
“Chinese policy seems to swing from feast to famine.”
Remember, foreign investors are “free to do what they want to do.”
“…the U.S. should be allowed to recapture what was lost.”
The policy divergence between the Fed and the PBoC just got wider.Â
Trying to process the kind of narcissistic delirium that’s behind this “strategy” is quite challenging.
“…the three channels of downward pressure on the RMB are now restricted.”
“The Chinese side reiterates that it opposes unilateralism and trade protectionism and does not accept any unilateral trade restrictions.”Â
Of course it’s not all rainbows and unicorns.
Get ready to be “taxed”, you consumers, you.
This isn’t a real estate deal.
Someone get Jerome Powell on the phone. China’s covert easing is becoming more overt.
Somewhere, Yi Gang is chuckling.
“Tightening hurts all we have done.”
Waiting on intervention that never seems to come.
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