Wednesday, November 25, 2020

Tag: Confirming Coronavirus Collapse

China Reports Catastrophic Data: PMIs Crash To Record Low, Confirming Coronavirus Collapse

from ZeroHedge:

One week ago, ahead of today’s Chinese data release which would for the first time capture the devastation from the coronavirus pandemic, we wrote that “to those who have been following our series of high-frequency, daily indicators of China’s economy, it will probably not come as a surprise that the world’s second biggest economy has ground to a halt, its GDP set to post the first negative print in modern history. To everyone else who is just now catching up, we have some news: it’s going to be bad.”