As far as China is concerned, we have absolutely no idea how anyone can trust their economic numbers.
Making matters worse, even the numbers they are reporting are slowing – PMI 47.0 SEP vs. 47.3 AUG (that’s the lowest level since 2009).
No, not good.
In case you didn’t already know, the Shanghai Composite Casino remains in full-blown crash mode. It was down another -2.2% overnight. That brings its whopping plunge to down -40% since April.
