#recession … China #Business edition
"Sales managers at Chinese companies reported the worst conditions on record"
"All gauges for manufacturing dropped from recent months, suggesting widespread problems"
"China's factory deflation continued and deepened for the fifth month" https://t.co/QaasOUXYbd— Invariant Perspective (@InvariantPersp1) November 30, 2019
Did some simple event analysis yesterday, and looks like a no. 👇
China stimulus seems to drive copper prices, while lumber futures tend to follow the US cycle more.
So, based on the current copper prices, #China stimu is still fading like we anticipated.#Brace.
H/t @Amdalleq https://t.co/SPGFBVq2H8— Tuomas Malinen (@mtmalinen) November 30, 2019
H/T @themarketear pic.twitter.com/awvBfvq1Pn
— M/1_LP (@MI_Investments) November 29, 2019
The PBoC is absolutely right to reject monetary easing as a way to boost growth. China’s problem isn’t scarce savings and high costs of capital. It is weak demand and soaring debt, both caused in large part by the very low household share…https://t.co/ax6CiwyNJF via @scmpnews
— Michael Pettis (@michaelxpettis) November 30, 2019
"From rural bank runs to surging consumer indebtedness and an unprecedented bond restructuring, mounting signs of financial stress in China are putting the nation’s policy makers to the test."@mtmalinen@HarrisSamaras https://t.co/91O0KkemLI
— Sebastian Sienkiewicz (@Amdalleq) November 29, 2019