China 9.6% slowest in 3Q helps USA
Sees 8.2% rst of year as slowdown takes hold - Bloomberg.
These are iffy figures and their interest rates are actually
negative-low causing series of bad debts.
Slower growth 2H means big build in inventory so they dump
cheap goods on US, and lessen their demand for steel & oil
hence lower prices for US consumers and our factories have
less competition for those 2 resources.
China retail sales up but considering high inflation, it
is really flat Y/Y at usual 7-8%.
Nikkei -52.78 but US futures up a bit now.
May get a Friday sucker rally to draw them in, then dump at
end of day "not wanting to hold into the weekend". And drop Monday to keep fear intact and money markets stay in cash.
Triple Witch Friday & some Eco reports. Nite all.
Pennies not a zero sum game as much as some zero game.
