With currency turmoil and social unrest, China's economic assault tonight was supposed be the great equalizer - confirming that a few trillion here or there and everything looks awesome and happy, and not a tiny bit angry (and that the Americans are not to blame for everything).
Ahead of today's data, broadly speaking, macro data globally has been weak, but in China, recent credit growth numbers slumped and steel production slowed, suggesting graver concerns. And so here it is...
Finally, for a few minutes/seconds the world spiked after China set the yuan fix slightly stronger; we are not so impressed, nor is the yuan or US equity futures...
So with inflation spiking, currency crashing, social-unrest; will the PBOC flood the nation with cash to ensure happiness at October's CCP Anniversary?
It's just that the sugar high from the injection is getting shorter...
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DAILY BUSINESS REPORT - Financial Updates, International Markets and Business News
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