#recession #money #recession2023 #money #inflation #deflation #interestrates #dollar #economy #credit #interestrates #eurodollar #income #china #yuan #purge
There appears to be an honest-to-goodness (not good) purge underway across China's top leadership. This political instability appears to be driven by disagreement over the direction of the Chinese economy, currency and property sector and what to do - if anything - about it. Despite recent Western headlines blaring "China has turned a corner" the data, and the intrigue, shows conclusively it hasn't. The fallout will be felt worldwide - more than it already has.
Eurodollar University's Money & Macro Analysis
CNN: China removes Defense Minister Li Shangfu after two-month disappearance
https://www.cnn.com/2023/10/24/china/china-names-new-defense-minister-intl-hnk/index.html
Reuters: China's Xi makes first known visit to central bank -sources
https://www.reuters.com/world/china/chinas-xi-makes-first-known-visit-central-bank-sources-2023-10-24/
Bloomberg: Country Garden’s Missed Bond Payment Triggers CDS Payout
https://www.bloomberg.com/news/articles/2023-10-26/country-garden-s-missed-bond-payment-triggers-cds-payout
SCMP: China’s economy ‘turned a corner’: 7 takeaways from third-quarter GDP, September data
https://www.scmp.com/economy/economic-indicators/article/3238369/chinas-economy-turned-corner-7-takeaways-third-quarter-gdp-september-data
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Jeff Snider will guide you through the realm of monetary science. Multiple episodes uploaded each week, discussing big news and key current events, the state of markets and what they are telling you, as well as historical summaries and deep background material so that you can understand what’s really going on in this eurodollar’s world.