Red Ponzi Faltering: August Economic Stats Got Still More Punk

Softness was visible last month in nearly every aspect of the Chinese economy, with industrial output and retail sales data pointing to sluggish demand and low confidence among businesses and consumers. Economists had been expecting economic activity to have recovered a little from July, when it fell to its lowest level in more than a decade.

 

 

 

 

 

https://www.wsj.com/articles/chinas-economy-aches-all-over-as-beijing-seeks-trade-fix-with-the-u-s-11568615388?mod=lead_feature_below_a_pos1

David Stockman's Contra Corner is the only place where mainstream delusions and cant about the Warfare State, the Bailout State, Bubble Finance and Beltway Banditry are ripped, refuted and rebuked. Subscribe now to receive David Stockman’s latest posts by email each day as well as his model portfolio, Lee Adler’s Daily Data Dive and David’s personally curated insights and analysis from leading contrarian thinkers.