Sunday , May 26 2024
Home / Mike Norman Economics / China in “deflation!”

China in “deflation!”

Summary:
Some China price indexes MoM and YoY negative…Chinese CPI (Y/Y) Jun: 0.0% (est 0.2%; prev 0.2%)- CPI (M/M): -0.2% (est 0.0%; prev -0.2%)- PPI (Y/Y): -5.4% (est -5.0%; prev -4.6%)— LiveSquawk (@LiveSquawk) July 10, 2023 They keep cutting their rates…People's Bank of China cuts key short-term policy rate by 10 basis points, from 2% to 1.9% pic.twitter.com/FQuMpXTatx— TRT World Now (@TRTWorldNow) June 13, 2023

Topics:
Mike Norman considers the following as important:

This could be interesting, too:

Lars Pålsson Syll writes Post-real economics — a severe case of mathiness

New Economics Foundation writes Energy bills are falling – but the UK is still not protected from future price shocks

Lars Pålsson Syll writes Perché la trasformazione del capitalismo è necessaria

New Economics Foundation writes New Economics Podcast: Do we need to fight for the right to protest?

Some China price indexes MoM and YoY negative…





They keep cutting their rates…





Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

Leave a Reply

Your email address will not be published. Required fields are marked *