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. Eurodollar University's Money & Macro AnalysisWEBINAR DEC 11 w/Jim RickardsSign up: https://event.webinarjam.com/register/26/x671pimlBloomberg China’s Factory Activity Expands in Sign of Slow Recoveryhttps://www.bloomberg.com/news/articles/2024-11-30/china-s-factory-activity-continues-expansion-in-sign-of-recoveryBloomberg China’s 10-Year Yield Sinks to Record Low on Bets PBOC Will Easehttps://www.bloomberg.com/news/articles/2024-12-02/china-s-10-year-yield-is-heading-toward-record-2-on-easing-betsBloomberg China Skips Politburo Readout as Investors Await Stimulushttps://www.bloomberg.com/news/articles/2024-12-02/china-skips-politburo-readout-as-investors-await-stimulus-cluesBloomberg China Home Sales Drop Again as Sustained Stimulus Effect Missinghttps://www.bloomberg.com/news/articles/2024-11-30/china-home-sales-drop-again-as-sustained-stimulus-effect-missinghttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU