This Is WORSE Than We FEARED

#deflation #recession #depression #inflation #interestrates #dollar #bank #money #credit #economy #money #whatismoney #jeffsnider #federalreserve #liquidity #china #lending #yuan #rmb #cny #loans
China's efforts to control or stabilize its currency are failing because the Chinese system has itself become highly unstable. July 2023 lending data shows an alarming drop in credit across all types, indicating a growing credit problem exacerbating an economic and financial system already more than flirting with deflation triggered in full part by worsening global recession conditions. 

Eurodollar University's Money & Macro Analysis

FT: China’s rapid reopening will stir the global economy
https://www.ft.com/content/cb5365eb-0b52-45ac-9870-923878aeb910

Bloomberg: Next China: A Deflation Gift
https://www.bloomberg.com/news/newsletters/2023-08-11/why-deflation-could-become-a-welcomed-chinese-export-next-china

CNNBusiness: Chinese property giant Country Garden warns of $7.6 billion loss as it nears default
https://www.cnn.com/2023/08/11/investing/china-country-garden-loss-warning-intl-hnk/index.html

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