Dan Tapiero|Mar 11, 2025 02:19
Only 3 times in the past 25 yrs has China core CPI been below 0.
2nd largest economy in the world is in DEFLATION.
Previous 2 times were Covid and '08.
Chart looks like the one I put out yesterday of US layoffs.
US 2yr at 4% too high. Lots of room to drop.
H/T Ed Hyman ISI.
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