Chinese Company PLUNGES 30% (This Confirms Everything)

Chinese e-commerce retailer Temu becomes the latest global consumer business to warn about the economy - exactly what bonds have been doing all year much to the growing frustration of authorities. They'd rather derail lower market rates at the same time as cutting their own? It actually does make a lot of sense as all these things are related.Eurodollar University's Money & Macro AnalysisBloomberg PDD’s Warning Highlights Growing Strain on China Consumer Firmshttps://www.bloomberg.com/news/articles/2024-08-27/pdd-s-warning-highlights-growing-strain-on-china-consumer-firmsCNBC Shares of Temu parent company PDD plunge almost 29%https://www.cnbc.com/2024/08/27/shares-of-temu-parent-company-pdd-plunges-29percent-largest-one-day-loss.htmlBloomberg China Economists See Weak Demand Despite Expected Rate Cutshttps://www.bloomberg.com/news/articles/2024-08-26/china-seen-mired-in-weakening-demand-despite-expected-rate-cuts?srnd=phx-economics-v2Bloomberg PBOC Holds Policy Rate Steady After Warning on Bond Rallyhttps://www.bloomberg.com/news/articles/2024-08-26/pboc-holds-policy-loan-rate-steady-after-warning-on-bond-rally?srnd=phx-economics-v2Bloomberg China Won’t Ban Bond Trading But Sees Risk in Buying Frenzyhttps://www.bloomberg.com/news/articles/2024-08-24/china-won-t-ban-bond-trading-but-sees-risk-in-buying-frenzyhttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU