It's Over: China’s ENTIRE Economy Just Collapsed

It started Friday when China's central bank reported more than just new record low credit stats, the deterioration over the past few months has been astounding. That obviously spread to the Chinese economy which the government confirmed today with ugly data across-the-board, big miss in GDP and grim numbers on retail sales. Yet, everyone wants more "stimulus" that all this data proves didn't stimulate a thing. Something to keep in mind when thinking about upcoming Fed rate cuts.Eurodollar University's Money & Macro AnalysisCNN How ready is China’s military? Dramatic downfall of two defense ministers raises questionshttps://www.cnn.com/2024/07/01/china/china-defense-ministers-downfall-analysis-intl-hnk/index.htmlFxStreet China: GDP miss calls for faster fiscal spending – Standard Charteredhttps://www.fxstreet.com/news/china-gdp-miss-calls-for-faster-fiscal-spending-standard-chartered-202407151119FT China plays down hopes for ‘strong medicine’ at top economic policy meetinghttps://www.ft.com/content/6f4079ea-e8fe-46c8-84b3-75aff56b7011Reuters China June new bank loans miss forecasts, some money gauges hit record lowshttps://www.reuters.com/business/finance/china-june-new-bank-loans-miss-forecasts-some-money-gauges-hit-record-lows-2024-07-12/EURODOLLAR UNVERSITY ANNIVERSARY SALE INFORMATION:https://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU