Red Ponzi Update: Momentum Indicator Signals More Downside Ahead

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In the last 30 days, we’ve noted that China’s credit growth rapidly decelerated to the weakest pace since at least 2017 as a continued collapse in shadow banking, weak corporate demand for credit and seasonal effects all signaled that a massive rebound in China’s economy, nevertheless the global economy, in early 2020 is questionable.

 

 

www.zerohedge.com/economics/without-china-global-economy-doomed-brace-downside

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