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Showing posts with the label China crash

Self explanatory chart: The Chinese Yuan (CNY) collapses to the lowest since 2007 against the U.S. Dollar, as Trump is threatening China with a additional 50% tariff on all its imports, taking total tariffs to 104%. Essentially ending all trade with China.

Oil crashes 2% to $76, then rallies back over $78 as the push and pull of a China slowdown versus Middle Eastern conflict/s. Oil stays bid over $78.

Self explanatory chart: Oil price volatility. Caught between a China property crash and the Middle East multitude of proxy war/s. The oil price tested: $75 and $78, since falling back to its support of $72. Now bid $73

Self explanatory chart: West Texas Intermediate (WTI). China deflation/recession/financial crisis versus a full blown war in the middle east.

Oil collapses through its price supports on weaker Chinese export numbers and a massive U.S. inventory build by American firms for the 1st Week in november 2023. A wider middle eastern conflict cannot be ruled out and/or Iran pushing for oil sanctions/embargo against Israel and the West.

Gold is holding above $1961 an ounce, with the psychological $2000 within reach. All eyes on China, as the behemoth country begins to splutter into a messy recession. Don't expect exported deflation to the West, expect stagflation.

Australian dollar (AUD) is falling towards its 2008 and 2020 lows as China's bond contagion is probably already occurring. China bailing out massively indebted property companies will not solve their rising unemployment rate and debt crisis. All eyes on Australian bonds and AUD.

Japan is a whisper away from a fall blown currency crisis. Will the Bank of Japan intervene for the 2nd time in 22 years? A china 'crash' will throw Japan's bond market and borrowing costs into turmoil.

China shuts down its media re: China's ailing economy, oil falls from its August highs looking to settle at $78 a barrel. U.S. oil stockpiles have all but collapsed, as the Biden administration continues exporting oil. U.S. pump prices are at all time highs. Stagflation call for 2023 and 2024 remains.

China's slowdown could be the 'one' this time, Chinese authorities stop reporting youth unemployment numbers. Eerily similar to when China underreported and stopped reporting COVID infections. Pointing to a severe recession for the Chinese economy. Australia will take a massive hit, all eyes on the AUD and Aust bonds.

USD bid as the Chinese property sector readies for a total collapse. Yuan bonds are being dumped as millions of Chinese begin to save. Bonus chart: Argentina Peso crashes as a mini "Trump" and right wing extremist may become their next President.

Could China's first recession ever, turn a global stagflation storm into a deep recession?