Simply put, on a container volume basis, Chinese imports are struggling: -7% y/y. Container throughput has fallen 20% in the last 2 years.
The Chinese economic miracle is fading. Unemployment is 5.3% in the cities and 17% among youth 17-24 years old (ex students). Goldman, Citi, JP Morgan are all expecting growth of <5%.
Housing asset values supported the consumer economy but prices have collapsed. The latest month: -7% y/y. The Chinese consumer won't spend until housing prices stabilize. The housing bubble must be reinflated.
Meanwhile, China's broadest monetary aggregate, M1, is falling at the fastest pace on record.
Deflationary Impulse
2025: a year of trade wars: Factories far and wide have excess capacity. Chinese factories will export whatever they can at whatever price they can get. We see that in commodities like steel, where prices are down 20% this year.
After enduring almost a quarter-trillion dollar hit to their market value in recent months, Europe’s luxury firms may see their stock-market clout wane further as China’s downturn worsens.
Once seen as Europe’s answer to the US “Magnificent Seven” tech megacaps, shares in companies producing high-end clothing, handbags and jewellery are languishing, sapped by a spending slump. Even more ominous are signs that China’s rich, who once flocked to upscale boutiques in Paris, Milan and Hong Kong, may not return, their appetite for pricey items extinguished by the economy’s downward spiral.
“This year is more volatile and more painful because it comes after this excessive growth,” Flavio Cereda, an investment manager at GAM UK Ltd. said, referring to the period immediately after the pandemic when consumers liberated from lockdowns splurged on shopping and travel.
For Britain’s iconic raincoat maker Burberry Group Plc, it’s culminating in ejection from London’s FTSE 100 stock index, with its market value down 70 percent in the past year. While it’s the only major brand to lose its index slot, an gauge of luxury shares compiled by Goldman Sachs has shed $240 billion in value from a March peak.
Nah, you reside inside his brain. He'll show up here one day with his tired one liners trying his best to appear educated. I've heard Joe Bidet tells him what to say. 🤓
Simply put, on a container volume basis, Chinese imports are struggling: -7% y/y. Container throughput has fallen 20% in the last 2 years.
The Chinese economic miracle is fading. Unemployment is 5.3% in the cities and 17% among youth 17-24 years old (ex students). Goldman, Citi, JP Morgan are all expecting growth of <5%.
Housing asset values supported the consumer economy but prices have collapsed. The latest month: -7% y/y. The Chinese consumer won't spend until housing prices stabilize. The housing bubble must be reinflated.
Meanwhile, China's broadest monetary aggregate, M1, is falling at the fastest pace on record.
Deflationary Impulse
2025: a year of trade wars: Factories far and wide have excess capacity. Chinese factories will export whatever they can at whatever price they can get. We see that in commodities like steel, where prices are down 20% this year.
https://www.zerohedge.com/markets/time-china-turn-printing-press
Nice to see you started your own website FE, Rodster from OFW. Hope all is well with you and waiting for Norm to show up here.
Anyone who believes man has walked on the moon and has had 10 booster shots... should avoid this site. :)
After enduring almost a quarter-trillion dollar hit to their market value in recent months, Europe’s luxury firms may see their stock-market clout wane further as China’s downturn worsens.
Once seen as Europe’s answer to the US “Magnificent Seven” tech megacaps, shares in companies producing high-end clothing, handbags and jewellery are languishing, sapped by a spending slump. Even more ominous are signs that China’s rich, who once flocked to upscale boutiques in Paris, Milan and Hong Kong, may not return, their appetite for pricey items extinguished by the economy’s downward spiral.
“This year is more volatile and more painful because it comes after this excessive growth,” Flavio Cereda, an investment manager at GAM UK Ltd. said, referring to the period immediately after the pandemic when consumers liberated from lockdowns splurged on shopping and travel.
For Britain’s iconic raincoat maker Burberry Group Plc, it’s culminating in ejection from London’s FTSE 100 stock index, with its market value down 70 percent in the past year. While it’s the only major brand to lose its index slot, an gauge of luxury shares compiled by Goldman Sachs has shed $240 billion in value from a March peak.
https://www.businessoffashion.com/news/luxury/european-luxury-shares-240-billion-rout-is-just-the-beginning/
Peter Zeihan is that you?
Nah, you reside inside his brain. He'll show up here one day with his tired one liners trying his best to appear educated. I've heard Joe Bidet tells him what to say. 🤓
He has been and gone....
Like Israel, China is a mortal enemy to the United States.