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Housing prices in China plunged in May, accelerating sharply after April's big drop indicating the situation in the real estate market is getting closer to becoming disorderly. There will be fallout across the world should that happen, as there already is across China's economy as the latest data also showed. Eurodollar University's Money & Macro Analysis Bloomberg China Real Estate, Production Slide Highlights More Stimulus Needed https://www.bloomberg.com/news/newsletters/2024-06-17/world-economy-latest-china-property-sector-plunge-needs-more-support China's NBS Situation in Real Estate https://www.stats.gov.cn/sj/zxfb/202406/t20240617_1954711.html Bloomberg China Steps Up Warning on Relentless Bond-Buying Frenzy https://www.bloomberg.com/news/articles/2024-06-17/china-steps-up-warnings-on-relentless-bond-buying-frenzy https://www.eurodollar.university Twitter: https://twitter.com/JeffSnider_EDU Eurodollar University's Anniversary Webinar: The Fundamentals of Interest Rates over the Next 12 months. Sign up below: https://event.webinarjam.com/channel/rates |