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China in recession?


Mercury

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The Caixin manufacturing PMI remains below 50 and is deteriorating (48.6 today) yet stock markets are stable and resolutely in a post Brexit rally, what is wrong with this picture?  If China has been the main driver behind the post 2009 rally, as many if not most analysts agree, then a China recession is the death of the rally no?  The only thing propping everything up is central banks and when that finally falls...

 

Next quarter earnings?  Anyone got a view on where they will net out and what will happen?  This could be the most telling reporting term for a long time...

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    • Exactly This !! Chris Sky, right then and now. All adds up to enforced Chinafication.     Meanwhile, The very strict mask mandate in Germany is clearly ... err ... not working.       And of course ... Triple vaxed doctor gets Covid, passes it to another triple vaxed doctor. Solution: more boosters and keep banning those unvaccinated super spreaders from society. Two Israeli doctors infected with Omicron, hospital says | Reuters   And 1 sane politician.  
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