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The Chinese Connection (without Bruce Lee ;)

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Well, maybe a little bit of Bruce Lee 🀣

Now for the other Chinese Connection, the financial markets ...

Another chart that seems to show the long trend is painful.

A decline in Chinese 1-year government bond usually precedes a decline in US economy.

A closer look manufacturing PMI, seems to illustrate this well, as observed in:

– 2014

– 2018

– 2021

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