dukkha (02-15-2020)
Article from ZeroHedge via Infowars. China's GDP is as big as ours and if it collapses so will the world economy.
https://www.infowars.com/china-disin...roaching-zero/
feb 14 2020 In our ongoing attempts to glean some objective insight into what is actually happening “on the ground” in the notoriously opaque China, whose economy has been hammered by the Coronavirus epidemic, yesterday we showed several “alternative” economic indicators such as real-time measurements of air pollution (a proxy for industrial output), daily coal consumption (a proxy for electricity usage and manufacturing) and traffic congestion levels (a proxy for commerce and mobility), before concluding that China’s economy appears to have ground to a halt.
That conclusion was cemented after looking at some other real-time charts which suggest that there is a very high probability that China’s GDP in Q1 will not only flatline, but crater deep in the red for one simple reason: there is no economic activity taking place whatsoever.
We start with China’s infrastructure and fixed asset investment, which until recently accounted for the bulk of Chinese GDP. As Goldman writes in an overnight report, in the Feb 7-13 week, steel apparent demand is down a whopping 40%, but that’s only because flat steel is down “only” 12% Y/Y as some car plants have ordered their employee to return to work (likely against their will as the epidemic still rages).
However, it is the far more important – for China’s GDP – construction steel sector where apparent demand has literally hit the bottom of the chart, down an unprecedented 88% Y/Y or as Goldman puts it, “construction steel demand is approaching zero.”
Courtesy of Capital Economics, which has compiled a handy breakdown of real-time China indicators, we can see the full extent of just how pervasive the crash in China’s economy has been, starting with familiar indicator, the average road congestion across 100 Chinese cities, which has collapsed into the New Year and has since failed to rebound.
Parallel to this, daily passenger traffic has also flatlined since the New Year and has yet to post an even modest rebound.
And the biggest shocker: a total collapse in passenger traffic (measured in person-km y/y % change), largely due to the quarantine that has been imposed on hundreds of millions of Chinese citizens.
And while we already noted the plunge in coal consumption in power plants as Chinese electricity use has cratered…
… what is perhaps most striking, is the devastation facing the Chinese real estate sector where property sales across 30 major cities have basically frozen.
Finally, and most ominously perhaps, as the economy craters and internal supply chains fray, prices for everyday staples such as food are soaring as China faces not only economic collapse, but also surging prices for critical goods, such as food as shown in the wholesale food price index chart below…
Reckless drivers are a bigger threat to you than all other criminals put together!
THE BIG LIE - Blacks and whites are different physically but identical mentally!
There is no way 81 million americans voted for a man they know is a child molester w dementia. Impeach Joe the Pedophile Vegetable (JPV)
dukkha (02-15-2020)
A suggestion to take a little money off the table has been floating around Wall Street lately. (seems like good advice to me)
wowFinally, and most ominously perhaps, as the economy craters and internal supply chains fray, prices for everyday staples such as food are soaring as China faces not only economic collapse, but also surging prices for critical goods, such as food as shown in the wholesale food price index chart below…
Reckless drivers are a bigger threat to you than all other criminals put together!
THE BIG LIE - Blacks and whites are different physically but identical mentally!
There is no way 81 million americans voted for a man they know is a child molester w dementia. Impeach Joe the Pedophile Vegetable (JPV)
Reckless drivers are a bigger threat to you than all other criminals put together!
THE BIG LIE - Blacks and whites are different physically but identical mentally!
There is no way 81 million americans voted for a man they know is a child molester w dementia. Impeach Joe the Pedophile Vegetable (JPV)
Yes. But I don't see '8%' anytime soon. Global capital is flowing into the US keeping rates low.
"Foreign Money Flowing into U.S. Markets"
http://www.cftech.com/the-brainbank-...to-u-s-markets
Reckless drivers are a bigger threat to you than all other criminals put together!
THE BIG LIE - Blacks and whites are different physically but identical mentally!
There is no way 81 million americans voted for a man they know is a child molester w dementia. Impeach Joe the Pedophile Vegetable (JPV)
Cool. You might be able to get 5% buying High Yield (Junk) Bonds, but they sink when Stocks sink. You want something with low correlation (R squared).
You mentioned 'gold'. When Stocks sink, gold rises. Gold is close to touching 1600. The problem with Gold, it doesn't pay Dividends, while Bonds do.
Reckless drivers are a bigger threat to you than all other criminals put together!
THE BIG LIE - Blacks and whites are different physically but identical mentally!
There is no way 81 million americans voted for a man they know is a child molester w dementia. Impeach Joe the Pedophile Vegetable (JPV)
“If we have to have a choice between being dead and pitied, and being alive with a bad image, we’d rather be alive and have the bad image.”
— Golda Meir
Zionism is the movement for the self-determination and statehood for the Jewish people in their ancestral homeland, the land of Israel.
ברוך השם
Reckless drivers are a bigger threat to you than all other criminals put together!
THE BIG LIE - Blacks and whites are different physically but identical mentally!
There is no way 81 million americans voted for a man they know is a child molester w dementia. Impeach Joe the Pedophile Vegetable (JPV)
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