Deflation Alert: China’s Producer Price Index YoY Falls 5.9%, Down For 45 Consecutive Months

Wow. China’s Producer Price Index (PPI) fell -5.9% YoY in November. That is the 45th consecutive month that the PPI has fallen.

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Ain’t that a kick in the head!

Of course, the US PPI is falling as well.

And the USD/CNY keeps devaluing.

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And in the US, commodity prices keep on falling. (Do I detect a trend??)

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Of course, WTI Crude oil and gasoline prices are collapsing as well.

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Here is Federal Reserve Chairman Janet Yellen singing “Ain’t that a kick in the head” to Congress.

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