Oh SH*T! This is getting REALLY Serious
#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 AnalysisCNN: China removes Defense Minister Li Shangfu after two-month disappearancehttps://www.cnn.com/2023/10/24/china/china-names-new-defense-minister-intl-hnk/index.htmlReuters: China's Xi makes first known visit to central bank -sourceshttps://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 Payouthttps://www.bloomberg.com/news/articles/2023-10-26/country-garden-s-missed-bond-payment-triggers-cds-payoutSCMP: China’s economy ‘turned a corner’: 7 takeaways from third-quarter GDP, September datahttps://www.scmp.com/economy/economic-indicators/article/3238369/chinas-economy-turned-corner-7-takeaways-third-quarter-gdp-september-dataTwitter: https://twitter.com/JeffSnider_AIPhttps://www.eurodollar.universityRealClearMarkets Essays: https://bit.ly/38tL5a7