The biggest story in the world right now is China. Everything else is secondary. The last time China was deflating this hard, it was 3% of global GDP. Now it is 20% of global GDP. Undeniably having effects worldwide and cannot be ignored or discounted.
https://i.redd.it/9i0qape2ppnd1.png
by sylsau
2 comments
with how intertwined the US is on china for supply and labor….id be SHOCKED if this didnt hit us…..
There is a story out today, there is still inflation in China.
https://www.cnbc.com/2024/09/09/asia-stock-markets-japan-q2-gdp-china-cpi.html
>China’s inflation rate grew 0.6% year-on-year, lower than the 0.7% expected from economists polled by Reuters. On a month-on-month basis, the CPI rose 0.4%, lower than the 0.5% expected.