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Red Ponzi Plunging—Private Business Survey Collapses As Trade War Strikes

Summary:
As China returns from its Golden Week vacation, it is not just its currency and stock market that is collapsing... As Bloomberg reports, an indicator produced by a Beijing-based business school in the style of the closely-watched purchasing managers index plunged last month, adding to concerns about the slowing economy and raising the question of whether business conditions may be worse than official statistics show. https://www.zerohedge.com/news/2018-10-09/never-been-worse-chinas-non-government-business-survey-collapses-trade-war-strikes

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As China returns from its Golden Week vacation, it is not just its currency and stock market that is collapsing...

As Bloomberg reports, an indicator produced by a Beijing-based business school in the style of the closely-watched purchasing managers index plunged last month, adding to concerns about the slowing economy and raising the question of whether business conditions may be worse than official statistics show.

https://www.zerohedge.com/news/2018-10-09/never-been-worse-chinas-non-government-business-survey-collapses-trade-war-strikes

David Stockman
David Alan Stockman (born November 10, 1946) is a former businessman and U.S. politician who served as a Republican U.S. Representative from the state of Michigan (1977–1981) and as the Director of the Office of Management and Budget (1981–1985) under President Ronald Reagan.

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