China reported how their economy has fared in the month of April 2022 - the results were very, very poor. 'Zero Covid' lockdown? No, the true illness is the long-term, degenerative money shortage.

China Economy: Zero Covid or Zero Money?  [Eurodollar University, Ep. 235]

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.

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EURODOLLAR UNIVERSITY'S SPRING SALE STILL GOING FOR A LITTLE WHILE LONGER, DETAILS AT THE LINK BELOW
https://www.eurodollar.university/sales-page-spring Higher (slightly) interest rates and a couple rising commodities has brought back the reflation trade. For those to be valid, there would have to be widespread confirmation that a meaningful pickup in demand is brewing. Instead, there are huge holes including the most critical signal of them all.  Eurodollar University's Money & Macro Analysis Mining.com  Global copper smelters less active after China’s planned output cuts
https://www.mining.com/web/global-copper-smelters-less-active-after-chinas-planned-output-cuts/ https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU

Oh Sh*t, The Narrative has COMPLETELY flipped

Is the Great Migration about to get worse? The answer starts in China where just the week the country already reported a sharp fall in consumer prices. CNY is down and so are government bond yields there. The Chinese also said the economy suffered a big drop in exports and then suffered a record low growth rate for lending. Banking woes, trade setbacks, further declines in growth and inflation expectations. The rest of the world is going to feel the effects. Eurodollar University's Money & Macro Analysis S&P; Global Ratings
https://www.spglobal.com/ratings/en/research/articles/231127-economic-research-economic-outlook-emerging-markets-q1-2024-challenging-global-conditions-will-constrain-gr-12923458 Fitch Ratings Fitch Revises Outlook on China to Negative; Affirms at 'A+'
https://www.fitchratings.com/research/sovereigns/fitch-revises-outlook-on-china-to-negative-affirms-at-a-09-04-2024 https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU

The Chinese Banking System is COLLAPSING

The economy is doing just fine according to many statistics, but according to most people it is anything but. Those aren't just idle malcontents, either. A fundamental fact of the current state of the world is that it will have to reckon for that economic pain and substantial loss. Many now merely believe that worst is behind is, but what if it is still lying just ahead? Eurodollar University's conversations w/Steve Van Metre FRB Philadelphia Q4 2023 Insights Report
https://www.philadelphiafed.org/surveys-and-data/2023-q4-large-bank JP Morgan Chase Q1 2024 earnings
https://www.jpmorganchase.com/content/dam/jpmc/jpmorgan-chase-and-co/investor-relations/documents/quarterly-earnings/2024/1st-quarter/6678012b-9242-492b-acd0-1473eabade3c.pdf Citigroup Q1 2024 earnings
https://www.citigroup.com/rcs/citigpa/storage/public/Earnings/Q12024/2024prq1.pdf Wells Fargo Q1 2024 earnings
https://www08.wellsfargomedia.com/assets/pdf/about/investor-relations/earnings/first-quarter-2024-earnings.pdf https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU

Fed Reports "People Now Unable to Pay Off Credit Card Debt"

Yesterday's US CPI reignited the fierce debate over a possibly sticky inflation future. China just ended it by reminding the world of its stubborn deflationary present with the third largest monthly CPI drop in the last twenty years. Producer prices also decline which is a solidly disinflationary signal for China and the world regardless of the latest consumer price numbers from elsewhere.  Eurodollar University's Money & Macro Analysis China's NBS Consumer prices press release
https://www.stats.gov.cn/sj/zxfb/202404/t20240411_1954446.html China's NBS Producer prices press release
https://www.stats.gov.cn/sj/zxfb/202404/t20240411_1954447.html https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU

China's Crisis Is Sending A Warning To The World

Another CPI comes in higher than expected. This isn't some harbinger of an impending price spiral, just the regular fluctuations in consumer prices driven largely by oil. It has stirred up inflation fears anyway in large part because it seems as if the CPI and especially the core rate is now stuck at a structurally higher rate. History cautions when making those assumptions.   Eurodollar University's Money & Macro Analysis https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU

China Economy: Zero Covid or Zero Money? [Eurodollar University, Ep. 235]

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