Wow. China’s Producer Price Index (PPI) fell -5.9% YoY in November. That is the 45th consecutive month that the PPI has fallen.
Of course, the US PPI is falling as well.
And the USD/CNY keeps devaluing.
And in the US, commodity prices keep on falling. (Do I detect a trend??)
Of course, WTI Crude oil and gasoline prices are collapsing as well.