China

Global Steel Production in 2022 Fell Most since 2009, Unwound Stimulus Spike of 2021. China’s Production Fell for 2nd Year

China still produced more than the rest of the world combined, 12 times more than the US.

Complicated times for the dollar. The Chinese Renminbi, a distant also-ran, loses ground.

As the condo market is going south on you, you can always try to sell the tower to an investor to convert to rental apartments. But that’s tough too.

Supply chains improve from catastrophically stressed to just very stressed.

China still produced more crude steel than the rest of the world combined. Just a baby step, but a huge change in direction.

The Shanghai Composite and Hang Seng fall to where they’d first been in 2007 during the run-up of the bubble.

The massacre of the China ADRs. Dip buyers got taken out on stretchers.

Shorted nickel to hedge rising output and on a bet the rally in nickel at the time would fade in 2022. Then came the sanctions.

Euro’s 20th birthday after dreams of “Dollar Parity” put on ice during Euro Debt Crisis. Central banks still leery of Chinese renminbi.

Stiffed creditors in China and Singapore seized the halted construction mega-ulcer in San Francisco, the Oceanwide Center.

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