Is China a leading or lagging indicator? (Possibly both).
China M2 Money Supply vs. Chinese GDP
click for larger chart
Money Supply softening in China could precede a slowdown in the manufacturing giant’s economy. The upside is that Chinese Central Bankers remain as concerned about inflation as the Fed. The downside is they probably are just as impotent to stop it.
Quote of the Day:
"I prefer to be true to myself, even at the hazard of incurring the
ridicule of others, rather than to be false, and to incur my own
~ Frederick Douglass