#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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