Some China background on cost shifting the losses and bad debts in the Middle Kingdom. 🇨🇳🐲🙃 I did see that the former CEO of EverGrande 🏢🏦🏬💱 was sentenced to life in prison ⏰🚔⚖️⛓️ recently.
Given the recent slump in US jobs data, after the very optimistic numbers earlier in the spring, we could already be seeing knock-on effects of what is unfolding in Europe and China.
At the same time, durable goods manufacturing jobs are still on the upswing in the US, so the US economy is still with certain strengths.
It's fair to say that there will be an impact of some kind.
But I will reiterate a point I have made in the past: in a race to the bottom the winning position is coming in last. That could explain some of Scott Bessent's maneuvers lately.
Excellent data and analysis, as usual! You show us what’s really developing, as opposed to media and government narratives. Thank you, Peter!
From their actions, it looks as though the CCP is fully aware that China’s economy is in deep trouble. I’m wondering about the so-called leaders in Europe. Peter, can you tell by their comments how much they are in denial about Europe’s tanking economy? They’ve been clueless about a lot of things - such as the damage from mass immigration - so do you think they are equally clueless about the developing economic problems?
Some China background on cost shifting the losses and bad debts in the Middle Kingdom. 🇨🇳🐲🙃 I did see that the former CEO of EverGrande 🏢🏦🏬💱 was sentenced to life in prison ⏰🚔⚖️⛓️ recently.
https://carnegieendowment.org/china-financial-markets/2026/08/who-paid-for-chinas-last-debt-cleanup-and-who-will-pay-for-the-next
Lots of downward trends in the 🇨🇳📉🐲 Middle Kingdom Pete. Outstanding charts. 🌐🚢🛢️ Thanks Amigo....
China has been the economic “Sick Man of Asia” for years.
https://newsletter.allfactsmatter.us/p/china-the-sick-man-of-asia?r=pf1ap
The question is, if Europe and China are in a slump, when will this start having an impact on rest of the world and specially the US
Given the recent slump in US jobs data, after the very optimistic numbers earlier in the spring, we could already be seeing knock-on effects of what is unfolding in Europe and China.
At the same time, durable goods manufacturing jobs are still on the upswing in the US, so the US economy is still with certain strengths.
It's fair to say that there will be an impact of some kind.
But I will reiterate a point I have made in the past: in a race to the bottom the winning position is coming in last. That could explain some of Scott Bessent's maneuvers lately.
Excellent data and analysis, as usual! You show us what’s really developing, as opposed to media and government narratives. Thank you, Peter!
From their actions, it looks as though the CCP is fully aware that China’s economy is in deep trouble. I’m wondering about the so-called leaders in Europe. Peter, can you tell by their comments how much they are in denial about Europe’s tanking economy? They’ve been clueless about a lot of things - such as the damage from mass immigration - so do you think they are equally clueless about the developing economic problems?
They’re clueless. Enough said.
Irrelevant EuroCrat Kittens 🇧🇪🐈🇪🇺🐈⬛