The fiasco is part of a very hard landing for manufacturing.
Where I’m interviewed on the X22 Report.
“But nothing is normal in China anymore.”
I was forewarned. A trucker told me in April. Now the industry numbers came out.
When the People’s Bank of China spoke of “big downward pressure,” it wasn’t kidding.
Fearless American investors, white-hot classic cars, and breath-taking prices.
Total dominance over the media.
Now the spigot is getting turned off.
Toxic? Hey, these structured securities are triple-A rated by S&P.
The industry is drunk with its own enthusiasm.