Economic Commentary

“Someday financial markets will decline...rising stock/bond markets will no longer be government policy. QE will end and money won’t be free. Corporate failure will be permitted. The economy will turn. Someday, somewhere, somehow, investors will lose money and once again come to favor capital preservation over speculation. Someday, interest rates will be higher, bond prices lower, and the prospective return from owning fixed-income instruments will again be commensurate with risk.” Seth Klarman

Wednesday, July 29, 2015

Is The Chinese Downturn for Real? (1 Chart)

"In 2007, current First Vice Premiere of China, Li Keqiang, admitted to the US ambassador to China that ALL Chinese data, outside of electricity consumption, railroad cargo, and bank lending is for 'reference only.'"

Well...here's a reference!

Draw your own conclusions...

Material quoted from:

Graham Summers

Phoenix Capital Research

Economic Commentary

Wednesday, July 29, 2015

Is The Chinese Downturn for Real? (1 Chart)

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