Global Recession Wiped Out China

By Jeffrey P. Snider of Eurodollar University

Chief Investment Strategist • Jul 17, 2023 at 10:39 PM EDT

The latest data deluge confirms real dangers and accelerating downside.

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Image Source: Pexels

China's GDP report as well as its monthly statistics confirm first reopening isn't just completely dead, instead the entire economy is already rolling over and heading toward more weakness. The global recession combined with China's own problems - which weren't really about the pandemic - have left the Chinese exposed to a dangerous downside and no lockdowns to blame this time.

Video Length: 00:18:41

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Disclosure:

This material has been distributed for informational purposes only. It is the opinion of the author and should not be considered as investment advice or a recommendation of any particular security, strategy, or investment product. Investments involve risk and you can lose money. Past investing and economic performance is not indicative of future performance. Alhambra Investment Partners, LLC expressly disclaims all liability in respect to actions taken based on all of the information in this writing. If an investor does not understand the risks associated with certain securities, he/she should seek the advice of an independent adviser.

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