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Now nine with today's US CPI. Worse, China's credit system is in a freefall scaring Beijing.
#Deflation #recession shows up in both the US #CPI and #China's credit system during the same month. This isn't random coincidence, rather the effects of the global downturn speeding up and taking over more geographic and economic spaces. It's already enough to get Beijing worried, though not yet enough to do the same in DC.
Eurodollar University's Money & Macro Analysis
Bloomberg: China Credit Growth Beats Expectations Amid Investment Push
https://www.bloomberg.com/news/articles/2023-04-11/china-s-credit-grows-faster-than-expected-following-rrr-cut
Twitter: https://twitter.com/JeffSnider_AIP…
The skinny
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