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#recession #money #recession2023 #money #inflation #deflation #interestrates #dollar #economy #credit #interestrates #eurodollar #income #china #yuan #purge There appears to be an honest-to-goodness (not good) purge underway across China's top leadership. This political instability appears to be driven by disagreement over the direction of the Chinese economy, currency and property sector and what to do - if anything - about it. Despite recent Western headlines blaring "China has turned a corner" the data, and the intrigue, shows conclusively it hasn't. The fallout will be felt worldwide - more than it already has. Eurodollar University's Money & Macro Analysis CNN: China removes Defense Minister Li Shangfu after two-month disappearance https://www.cnn.com/2023/10/24/china/china-names-new-defense-minister-intl-hnk/index.html Reuters: China's Xi makes first known visit to central bank -sources https://www.reuters.com/world/china/chinas-xi-makes-first-known-visit-central-bank-sources-2023-10-24/ Bloomberg: Country Garden’s Missed Bond Payment Triggers CDS Payout https://www.bloomberg.com/news/articles/2023-10-26/country-garden-s-missed-bond-payment-triggers-cds-payout SCMP: China’s economy ‘turned a corner’: 7 takeaways from third-quarter GDP, September data https://www.scmp.com/economy/economic-indicators/article/3238369/chinas-economy-turned-corner-7-takeaways-third-quarter-gdp-september-data Twitter: https://twitter.com/JeffSnider_AIP https://www.eurodollar.university RealClearMarkets Essays: https://bit.ly/38tL5a7 |