This recession starts in China…

August 9, 2023 3:38 pm by CWR

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Counter intuitive opinion, if CPI comes in slightly hot tomorrow they'll use that as a bullish narrative to "prove" the U.S. economy is resilient in the face of Chinese deflation

What the talking heads won't tell the public is unlike previous recessions, this one starts in China t.co/gnKhx1zkOe pic.twitter.com/zj9Saxquyz

— Financelot (@FinanceLancelot) August 9, 2023

t.co/TDdTFR5SHQ

— Financelot (@FinanceLancelot) August 9, 2023

"Worse than 2008" comes to mind. t.co/QdUSrX427Y pic.twitter.com/yOdc0pgmAp

— Financelot (@FinanceLancelot) August 9, 2023

See also F-22, F-35, B-2 Bomber’s Sensitive Data Leaked To China, Russia & Iran; US State Department Fines RTX Corp ;The US State Department concluded a $200 million settlement with defense contractor RTX over charges related to mishandling military secrets

See also Stocks are increasingly sure that the economy will avoid a recession. Bonds.....not so much. The 10y2y Yield is back to the 0 line.

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