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China Is TANKING and it's Spreading Quickly Around the World
After a weekend of disappointing macro data (which was characterized as "mixed"), China's markets tanked. Not stocks, of course, instead more record lows in bonds plus a very sharp drop in CNY. As we know only too well, CNY DOWN = BAD and yuan is right back near multi-year lows. It's not the only one, either.
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Bloomberg China’s Factory Activity Expands in Sign of Slow Recovery…
The skinny
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