What’s absolutely hilarious about this is that….
The “planetary growth engine” China has already posted 3 straight months of CONTRACTION, with the “flash manufacturing PMI” numbers set to be released later on this evening.
The industry “expectation” is ALREADY at 48.4 ( Above 50 indicates expansion – while under 50 suggests contraction ) so……market analysts already “know” the number is low – and that this will mark the 4th straight month of continued slow down in China.
China’s amazing growth over the past 5 years “fueled” the “planet wide sale of stuff” as China practically bought “everything under the sun” in order to keep on growing/building.
So who’s buying all that stuff now? All those goods and services that made corporations profitable, all the contracts / investment made during the “boom times”?
You’ve got to be “completely 100% nuts” if you haven’t figured this out by now, and seriously starting thinking about “becoming a seller”.
Get ready “bagholders”.
Here comes good ol USD on the “repatriation trade” I made light of a couple of days ago. If Japan hasn’t already stomped you into the ground…..get ready for China on deck tonight.